PVG Market In A Minute - August 1, 2023
August 1, 2023
The current expectations are for 200,000 new job gains for July, with the unemployment rate expected to be unchanged at 3.6%. The trend in how job trends generally play out, the Fed raises rates significantly, it finally kills the economy, and then the unemployment rate rises from that point significantly. The market tends to NEVER see it coming! We expect the unemployment rate to remain relatively sticky for the forseeable future.