The US Bureau of Labor Statistics reported that 142,000 nonfarm jobs were added to the labor market in August, below expectations for 165,000. The...
The Morning Brief welcomes RSM Chief Economist Joe Brusuelas and Academy Securities Head of Macro Strategy Peter Tchir to discuss and react to the August jobs print. Brusuelas looks back to July's data set that worried Wall Street of an impending recession:
So I think the market is gonna have to digest probably only 25 and only OK economy, with people questioning a I. I do start liking the other market, though I think the rest of the market that's been lagging, you start nibbling at that. OK, if you looked at the unemployment rate, which I just did while you were having a great conversation with Peter 4.221 we narrowly missed a 4.44 0.2 here right when you and there was 100 and 68,000 increase in the household.We we saw the household actually increase a little bit stronger than the the top line.
US Bureau Of Labor Statistics Chief Economist
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