Updated Jobs Report & Its Impact on the Economy
About this episode
The S&P 500 hit a one-month high last week, and stocks seem to be a bit more resilient. The jobs report was released on Friday, June 3rd, and is now driving a large part of the economy because the Fed will react to it. The Fed is also being fuzzier about future rate hikes in 2022, which may have a great impact on stocks. If wages and prices continue to increase because there’s not enough people to fill the available jobs, that can fan the fames of inflation.
Is now the time to right-size the volatility in your portfolio?
Latest jobs report: https://www.bls.gov/news.release/empsit.nr0.htm
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