US job growth slowed more than expected in July, a Friday report shows, while unemployment rate increased to 4.3%, heightening fears that deteriorating labor market could make economy vulnerable to recession
You’re right that it probably doesn’t matter much for long-term investors, though it might affect the election, as people’s perception of the state of the economy has a disproportionate-to-actual-effect impact on how they evaluate a presidential administration.
Cool. Wake me up when this is a long-term trend and actually affects people’s retirement accounts in any large scale.
You’re right that it probably doesn’t matter much for long-term investors, though it might affect the election, as people’s perception of the state of the economy has a disproportionate-to-actual-effect impact on how they evaluate a presidential administration.
I’d say if things were still trending downward by the election that would be true, but that’s a very long time in terms of the stock market.