Markets with Megan: A Two-Minute Financial Markets Update

032: Understanding the Monthly Jobs Report 08-04-23


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Are you ready to truly understand the monthly jobs report and its impact on the equity market? By the end of this episode, you may have a whole new perspective. I'm Megan Horneman, Chief Investment Officer for Verdence Capital Advisors, and I'll be your guide as we navigate this seemingly 'just right' report. Today, we appreciate the decrease in the unemployment rate, celebrate the better-than-anticipated average hourly earnings, and cheer for the decline in the underemployment rate.

As we delve deeper, we reveal the slowest duo of job creation months since the end of 2020 and the beginning of 2021. We'll discuss the significance of the declining weekly work hours and the downward trend of temporary workers, and how these could mean a potential rise in unemployment. The market may be happy with this report for now, but we'll explore what it might imply for the Fed's decisions. So, join us for a revealing conversation, and don't forget to drop us a line with your queries or comments. 

https://youtu.be/qdQHi_x9ngI

Disclaimer: material was prepared by Verdence Capital Advisors, LLC (“VCA”). VCA believes the information and data in this document were obtained from sources considered reliable and correct and cannot guarantee either their accuracy or completeness. VCA has not independently verified third-party sourced information and data. Any projections, outlooks
or assumptions should not be construed to be indicative of the actual events which will occur. These projections, market outlooks or estimates are subject to change without notice. This material is being provided for informational purposes only and is not intended to provide, and should not be relied upon for, investment, accounting, legal, or tax advice. Past performance is not a guarantee of future results. Different types of investments involve varying degrees of risk, and there can be no assurance
that the future performance of any specific investment, investment strategy, or product or anynon-investment related content, made reference to directly or indirectly in these materials will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. You should not assume that any
discussion or information contained in this report serves as the receipt of, or as a substitute for, personalized investment advice from VCA. Due to various factors, including changing market conditions and/or applicable laws, the co...

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Markets with Megan: A Two-Minute Financial Markets UpdateBy Megan Horneman

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