Today's trading.
The unemployment rate is released today at 8:30 AM U.S. time. When it is higher than the forecast (3.6%), it acts as a good news for the stock market, and when it is lower than the forecast (3.6%), it acts as a bad news.
My personal opinion, if not this time, is that the unemployment rate is likely to rise gradually and may slow or hold the pace of US FOMC rate hikes.
The current low unemployment rate is due to the large number of seasonal short-term jobs. Amazon and other large companies are already cutting their workforce and have stopped expanding.
Modified in.2022-11-04
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