Overall this jobs report showed strong labor market and job growth, says Ataman Ozyildirim. He and Chuck Lieberman recap the jobs report and discuss Fed action. They talk about how the jobs market will slow down a bit as the year moves on. They also discuss how they expect unemployment to be close to 3% by the end of the year as labor shortages continue. They then go over how today’s jobs report will impact the Fed’s rate hike plan. Tune in to find out more.
The foregoing content reflects the opinions of Advisors Capital Management, LLC and is subject to change at any time without notice. Content provided herein is for informational purposes only and should not be used or construed as investment advice or a recommendation regarding the purchase or sale of any security. There is no guarantee that the statements, opinions or forecasts provided herein will prove to be correct. Past performance may not be indicative of future results. Indices are not available for direct investment. Any investor who attempts to mimic the performance of an index would incur fees and expenses which would reduce returns. Securities investing involves risk, including the potential for loss of principal. There is no assurance that any investment plan or strategy will be successful.