they will be cutting jobs only 12% expect employment to rise in the months ahead. so that is a flip. that is a first time since the covid crash that you ve seen more expected job declines than employment to rise. so that is notable here. but also just a growing unhe s that there are higher costs, profit margins are getting crunched, that we re heading into 2023 with still a lot of head winds overall for the american business community. so christine, let me ask you. feds have been raising interest rates. they want to slow the economy. they don t want to be too hot. do they want the job picture not just to cool but actually to flip and, you know, go into the red in effect. is that what they want. because at home you re watching, do they want companies to be cutting so many jobs? this is the good news, bad news part of how we recover. the fed wants to see a cooling of the labor picture. the job market is hot, it matched the lowest unemployment
Investment management company Cove Street Capital recently released its “Small Cap Value Fund” fourth quarter 2022 investor letter. A copy of the same can be downloaded here.
Gold and silver prices jumped with stocks and bond prices Friday, defying strong US jobs data even after the Fed said it s got no plans to start loosening interest rates until inflation is beat
occupant of this covid crash and get to a more normal level, but the job market is just still strong. third quarter, the economy grew 2.9%. you re seeing signs of inflation starting to cool, but the ko consumer is still driving things forward. what i learned about the economy this week is it is showing a really robust strength here at a time when the fed is trying to slow it down so inflation isn t a permanent problem. we re expecting another rate hike later this month. christine romans, we ll take this good news. a really strong jobs report. gas prices are falling across the country. also good news here. today s average hitting $3.45 a gallon, finally returning below where prices where when russia invaded ukraine in january. it s down 30 cents from last month. it was above $5 earlier this summer. pete muntean is outside a gas station in alexandria, virginia.