On the SPOT blog (11/4/2022) [L..]
- Salyl Bhagwat
- Nov 4, 2022
- 2 min read
October jobs report appears to be mixed. On one hand, the number of jobs added increased more than estimated. On the other hand, the unemployment rate increased. It seems that job additions is slowing and the deceleration is gradual. These are good signs for attempts at slowing the economic growth in a controlled way. There doesn't seem to be any alarming sign of recession yet from the employment side. Remains to be seen how recent layoff announcements from numerous companies will affect the next report and view of the economy. All three major US indices saw big swings between green and red to ultimately finish the day in clear green.
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