BLOOMBERG Bloomberg Markets Americas July 12, 2024
After the adp report, employment is still a bad number. From 43. 1, so42. 1 that feeds into the narrative that even if the economy opened up a little bit in july, we are going to see fewer people working, and we will probably see adjustments to peoples payroll forecasts for friday. Alix is that the one take away from today, the slower rate of job hiring . Michael that is the important thing. You can open up the economy and get a yield sitting in the middle of the street or a restaurant, but the people who serve you are not coming back as quickly as they would hope. That will slow the economy o...
Source: archive.org
