The September jobs report came in hotter than expected, with 336,000 jobs added to the U.S. economy. What does this mean for the Federal Reserve’s future rate hikes? Citi Global Economist Robert Sockin joins Yahoo Finance Live to discuss. “On balance, it puts the Fed in a difficult spot because, on the one hand, they’re seeing very strong labor demand and very strong hiring,” Sockin says, “[and] on the other hand, you also saw wage growth come in a bit softer than expected.” Sockin believes that while the jobs report encourages the case for another rate hike, “it doesn’t guarantee it given that you’re getting some mixed signals on the wage side, and you’ve had this big rise in long time yields that is doing some of the work for the Fed.” For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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CRASH CRASH CRASH 🤣
Whether or not job openings are good I don’t think is black and white. As a business owner, of course you wouldn’t want mass quitting, hence why you pay them good, so job openings from that could signal a poor management, and if it’s happening to businesses en masse, then that’s a widespread issue of poor management. But if you’re doing good as a company, you want to grow your earnings, so you expand. That means renting new spaces, shout out to realty income(O), and hire new workers, raise wages to increase morale, etc. An expanding economy is a great one.
Prepair the dollars to pay all the weapons for war fed start now just prepared
This was a poor to very poor jobs report. We don’t need a bunch of minimum wage part time jobs, and a ton of government jobs that cost tax dollars! We need Americans living on welfare to go back to work and pay taxes.