Punk Rock WeeklyFri September 6, 2024Jobs Report Comes in Soft, But Not Recession SoftThe latest jobs report shows continued labor market strength with unemployment at 4.2% and 142,000 jobs added in August. Despite a slight miss in job expectations, the report supports a potential 25 bps rate cut and indicates a stable economic outlook rather than imminent recession.
FreeBlack Swan PartyFri August 2, 2024Weak Jobs Report and Middle East Tensions Put Markets in Precarious PositionThis morning’s jobs report revealed a gain of only 114,000 jobs against the expected 175,000, with unemployment rising to 4.3%, leading to a market selloff. Geopolitical tensions are also escalating in the Middle East, particularly between Israel and Hezbollah, following recent Israeli actions. This could provoke significant conflict, potentially driving up oil prices and increasing market volatility.