Reported about 2 months ago
The recent revision of US job figures by the Bureau of Labor Statistics has raised concerns regarding the stability of the labor market, with an adjustment downwards by 818,000 jobs over a year. Investment advisor Blair duQuesnay from Ritholtz Wealth Management emphasizes the need for financial preparedness, suggesting individuals save 3 to 6 months of living expenses to cushion against layoffs, which could affect nearly every sector during economic downturns.
Source: YAHOO