US Stock Market: All eyes on jobs unemployment data - Investing Abroad News | The Financial Express
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The August jobs report is highly anticipated following July's unexpected rise in unemployment to 4.3%, up from 3.4% in April 2023; this spike caused market turmoil and concerns about a potential recession; the Federal Open Market Committee (FOMC) meeting is scheduled for September 17-18, 2024; economic data has been inconsistent, with manufacturing and job openings below expectations; however, weekly jobless claims were lower than expected; Tesla's shares have risen over 25% in the last three months, leading the S&P 500; the jobs report will influence Federal Reserve policy and market movements.
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https://www.financialexpress.com/business/investing-abroad-wall-street-investors-to-focus-on-unemployment-rate-in-august-jobs-data-releasing-today-3603214/
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