Note: There will be no weekly column issued in two weeks for the week of September 23, as we will be conducting the MMA Investment Retreat in Lake Bled, Slovenia, for that entire weekend.
Review-
The U.S. economy created slightly fewer jobs than expected in August, reflecting a slowing labor market while also clearing the way for the Federal Reserve to lower interest rates later this month. Nonfarm payrolls expanded by 142,000 during the month, down from 89,000 in July and below the 161,000 consensus forecast from Dow Jones…. At the same time, the unemployment rate ticked down to 4.2%, as expected.
—Jeff Cox, U.S. Payrolls Grew by 142,000 in August, Less Than Expected,” www.cnbc.com, September 6, 2024.