TSX:AX.P.E - Post by User
Post by
Torontojayon Apr 04, 2024 6:33pm
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Post# 35971579
Us jobs number
Us jobs number The US employment level is lower today than in June and each month thereafter. The household survey has shown 3 consecutive months of declines in employment. If the declines in employment continue at the same rate as they have for the last 3 months then unemployment will reach 4%. The worst case scenario would be a rise in the civilian labour force and a decrease in employment. In this case the unemployment level could reach 4.1% +.
Jay Powell desperately needs a reason to cut rates and I think an unemployment of 4% or higher will do just that.