"The Labor Department reported a loss of 4,000 Jobs in August. This is in sharp contrast to the 110,000 new jobs that analysts were expecting. Making a bad number worse, was the downward revisions of 87,000 to the last two months. This month's loss in Jobs was the worst report in four years.
On a positive note, the unemployment rate remains steady at 4.6% and is seen as the only piece of good economic news within the report.
This morning's surprisingly weak Jobs Report has helped the Bond climb further above the 200-day Moving Average. For now, I recommend floating and I will be watching closely as the market volatility may continue."
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1 comment:
Glad that I cashed out my stock portfolio in early July in anticipation of making a purchase!
-Matt
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