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Nonfarm pay-rolls expanded at 531,000 in October, greater than the agreement estimate of 450,000. The unemployment rate has fallen to 4.6%, down from 4.8% the previous month.
Jim Awad, senior taking care of supervisor of Clearstead Advisors said that a recuperating labor market signifies greater salaries to come, which in turn will trigger greater rising cost of living and also higher rate of interest.
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0:00 – Labor market
5:00 – Inflation
8:40 – Investments
12:17 – Risk-off possessions
#unemployment #economics #investing
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End of bull market? Labor market is heating up, brace for higher wages, inflation - Jim Awad
Nonfarm payrolls grew at 531,000 in October, more than the consensus estimate of 450,000. The unemployment rate has fallen to 4.6%, down from 4.8% the previous month.
Jim Awad, senior managing director of Clearstead Advisors said that a recovering labor market is a sign of higher wages to come, which in turn will cause higher inflation and higher interest rates.
Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
Follow Jim Awad on Twitter: @JimAwad (https://twitter.com/JimAwad)
0:00 - Labor market
5:00 - Inflation
8:40 - Investments
12:17 - Risk-off assets
#unemployment #economics #investing
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
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