Employment News
According to research firm Capital Economic the economy has actually begin to lose jobs. There is an historical precedent for expecting a decline in the wake of such extreme market volatility .The recent economic slowdown and financial market turmoil Could result in non-farm payroll employment falling outright in August.
In earlier such instances, when the major US Equity indices dropped considerably in the month preceding the payroll survey -as has happened this time-non farm payrolls fell in that same month. How the stock market would greet such news is debatable but the decline would be a blow to the Federal reserve.
Read the original article here:Did the U.S. Economy Lose Jobs in August?
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