SaysWho? Posted June 7, 2019 Share Posted June 7, 2019 https://www.marketwatch.com/story/us-creates-just-75000-jobs-in-may-and-wage-growth-slows-in-warning-sign-for-economy-2019-06-07 Quote The numbers: The U.S. created just 75,000 new jobs in May and employment gains earlier in the spring were scaled back, an ominous turn that points to a slowing economy and is likely to put more pressure on the Federal Reserve to cut interest rates. The meager gains in May fell far short of the 185,000 MarketWatch forecast, but how stocks react Friday will likely depend on whether Wall Street thinks the Fed will act soon. Quote The pace of hiring has slowed since the end of last year, and even after the poor May report, the labor market is still healthier than it’s been in several decades. Still, the economy appears to have been shaken by festering trade tensions with China and a slowdown in the key manufacturing sector. If the labor market or other indicators shows further weakness, the Fed would almost certainly cut interest rates to help shore up the economy. Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted June 7, 2019 Share Posted June 7, 2019 Cutting rates can only do so much when you lose out on major foreign markets due to trade stupidity across the board. Quote Link to comment Share on other sites More sharing options...
Jason Posted June 7, 2019 Share Posted June 7, 2019 31 minutes ago, SaysWho? said: The numbers: The U.S. created just 75,000 new jobs in May and employment gains earlier in the spring were scaled back, an ominous turn that points to a slowing economy and is likely to put more pressure on the Federal Reserve to cut interest rates. Maybe getting interest rates cut is Trump's actual motive here. Quote Link to comment Share on other sites More sharing options...
chakoo Posted June 7, 2019 Share Posted June 7, 2019 meanwhile in canada https://www.cbc.ca/news/business/may-jobs-statscan-1.5166200 "Canada's jobless rate drops to 5.4%, lowest level in 43 years" I won't last, this country is bound to be stupid and vote in the conservatives in the fall. ¯\_(ツ)_/¯ Quote Link to comment Share on other sites More sharing options...
Massdriver Posted June 7, 2019 Share Posted June 7, 2019 5 hours ago, Jason said: Maybe getting interest rates cut is Trump's actual motive here. Get the Fed to lower rates a couple of times and then suddenly announce that all the tariffs are lifted 9-12 months before the election. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.