There’s Good News and Bad News: Another good employment report (200,000 nonfarm payrolls increase) drove the unemployment rate down to 3.6 %. Taken alone, this might seem like good news but as Dr. Brian Wesbury explains in his post, this strong labor market discourages the feds from taking the pressure off interest rates which may ultimately create a recession. Check out his one page analysis of the June Employment Report.
Stock Market Storm Clouds”ITR Economics’ Brian Beaulieu in his latest Fed Watch video (4 min 57 seconds) looks at the several key pillars of the economy (consumer spending, the latest employment report and productivity data) and warns that we are “chugging toward a recession” and sees storm clouds over the stock market.
