Fed's Barkin Says Job Growth Has Settled But Continues; Labor Supply Higher Than Expected; Unemployment Rate Likely To Increase; Concern Rises If Job Growth Disappears; Wages Declining, Indicating Labor Market Normalization
Portfolio Pulse from Benzinga Newsdesk
Fed's Barkin indicates that job growth has stabilized but continues, with labor supply higher than expected. The unemployment rate is likely to increase, and there is concern if job growth disappears. Wages are declining, suggesting labor market normalization.
August 08, 2024 | 7:16 pm
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Fed's Barkin's comments on job growth stabilization, higher labor supply, and potential rise in unemployment rate could lead to short-term volatility in SPY. Declining wages suggest labor market normalization.
The stabilization of job growth and higher labor supply are mixed signals for the economy. While the potential rise in unemployment rate and declining wages suggest normalization, they could also lead to short-term market volatility.
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