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Nonfarm payrolls grew at 531,000 in October, more than the consensus estimate of 450,000. The unemployment rate has fallen to 4.6%, down from 4.8% the previous month.
Jim Awad, senior managing director of Clearstead Advisors said that a recovering labor market is a sign of higher wages to come, which in turn will cause higher inflation and higher interest rates.
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0:00 – Labor market
5:00 – Inflation
8:40 – Investments
12:17 – Risk-off assets
#unemployment #economics #investing
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