What a labor market slowdown could mean for Fed policy
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According to RBC Captial’s November jobs report forecast, the unemployment rate will increase to 4% with labor force participation to remain the same. Growth in ADP’s private payroll data has also shrunk in recent months. What does this mean for the labor market at large? RBC Capital Markets US Economist Michael Reid joins Yahoo Finance’s Diane King Hall to discuss his forecast and what this could mean for the labor market and the Federal Reserve’s monetary policy going forward. “We’re looking for the headline payroll gain to come in around 185,000. But, We are looking for the unemployment rate to tick up to 4%. That would be in line with […]