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Friday's nonfarm payroll report revealed that the U.S. economic climate included 559,000 work in May, a little timid of agreement assumptions of 675,000. The unemployment price is currently at 5.8%, the lowest level since the start of the pandemic.
Alain Corbani, portfolio manager of Money SA and Scott Rothbort, president of LakeView Asset Management, talk about the influence of Friday's tasks report on inflation, financial plan, and financial investments.
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Why did Friday's jobs report miss expectations? Is the economy in trouble?
Friday’s nonfarm payroll report showed that the U.S. economy added 559,000 jobs in May, slightly shy of consensus expectations of 675,000. The unemployment rate is now at 5.8%, the lowest level since the start of the pandemic.
Alain Corbani, portfolio manager of Finance SA and Scott Rothbort, president of LakeView Asset Management, discuss the impact of Friday’s jobs report on inflation, monetary policy, and investments.
__________________________________________________________________
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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