- August 5, 2022
- CJ Lawrence , Market Commentary , The Trusted Navigator - Bernhard Koepp
Recession? Not so fast! Unemployment Rate declines to 3.5%
The July jobs number today far exceeded expectations, increasing by 528,000, much faster than consensus for 250,000 jobs and above June’s upwardly revised 398,000 level, up from 372,000. This took the unemployment rate down from 3.6% to 3.5%. So much for a slowdown! There was a lot of hand w...