This is still a dynamic labor market that hasn’t changed, and as a result of a dynamic labor market the Fed’s not getting what they had hoped for with the current level of rates which is why they have to stay higher for longer, notes Steven Ricchiuto. He and Mark Hamrick discuss JOLTs data and the state of the labor market. They also talk about the May jobs report released Friday. Tune in to find out more about the stock market today.
Trading 360
04 Jun 2024
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