Non FARMS Jobs PUMP or DUMP? - INVESTING - Martyn Lucas Investor
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Non FARMS Jobs PUMP or DUMP?
The US economy is projected to add 160K jobs in August 2024, more than 114K in July and the unemployment rate is expected to edge lower to 4.2% from 4.3% which was the highest since October of 2021. Also, wages likely rose 0.3% month-over-month, slightly more than 0.2% in July, pushing the yearly gain slightly up to 3.7% from 3.6% which was the lowest since May 2021. While August figures are likely to indicate a stabilization in the labor market in August, a continued slowdown is expected. The average monthly payroll growth for this year has been 203K, compared to 251K in 2023 and 377K in 2022
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