The Job Market Could Strike Back

The jobs market may be getting a bit milder, according to the history of September payrolls, notes Ben Emons. He discusses the fallout from today’s jobs report. The jobs report for September 2023 non-farm payrolls came in at 336K versus 170K. He talks about how yields spike to new highs on the blowout jobs report. He previews the next FOMC meeting which will take place October 31st-November 1st. He goes over how the job market could strike back. He also looks at how labor market surveys indicate that job search is getting a lot tougher, especially for services but far less for manufacturing. Tune in to find out more about the stock market today.