Sudden Chill in the Labor Market

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Bloomberg International Economic and Policy Correspondent Michael McKee tells us why the unexpected cooling in hiring and jump in unemployment raises questions about the Fed's choice to wait to cut rates.
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What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the financial market, so I'm concerned about my $200k stock portfolio.

Daisy-yrez
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There are no jobs. They just dont exist anymore. Those who do have a job have their hours cut by 50%.

dominickgalgano
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government 'hiring' - that's funny

hobarttobor
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The key point is the Fed needed a slowing jobs market to ease inflation. They have eased inflation, slowed the jobs market a little and kept GDP growing. Based on this they have done a superb job and yet the markets are acting like it's the end of the World.

Buy this dip, it's a gift.

thinking
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