Market Commentary: Strong Jobs Report Gets the “Good News Is Bad News” Treatment
Carson Wealth
JANUARY 13, 2025
Monthly numbers can be noisy and so a 3-month average is helpful. The hiring rate, which is the number of hires as a percent of the labor force, has fallen to 3.3%, the slowest pace since 2013 (outside of the Covid months). Long-term policy rate expectations have climbed to 4.4% (based on the expected 2029 policy rate).
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