Labor Market Analysis – Tom Essaye Quoted in Forbes: Strengthen your market knowledge with a free trial of The Sevens Report.
Weaker-Than-Expected August Job Growth Reported—Labor Market Officially At Pre-Pandemic Levels
In a Wednesday note to clients, which included the labor market analysis, Sevens Report analyst Tom Essaye cautioned against bullish investors celebrating a labor market slowdown as an outright win for stocks, writing the economy is now entering the “difficult” stage of navigating a higher-interest rate environment.
“If the labor market is seeing easing, then now is the time the Fed will have to perfectly execute the ‘soft landing,’ because getting the economy to slow is the ‘easy’ part of monetary policy.” wrote Tom Essaye, founder of the Sevens Report.
Click here to read more of Tom’s labor market analysis.
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