The Market Update
Markets responded positively to May’s jobs report, which showed 140,000 new jobs and a steady 4.2% unemployment rate. But beneath the headline numbers, warning signs are starting to emerge.
In this week’s Market Update:
The labor force shrank by 625,000—raising concerns about discouraged workers
Job gains were heavily concentrated in education and healthcare
Retail and manufacturing sectors shed jobs
Prior months were revised down by 95,000 jobs, hinting at a weaker trend
While job creation remains above key benchmarks, the uneven growth and softening labor participation suggest the economy may be entering a more fragile phase. Watch the full update for key takeaways and what to monitor in the months ahead.
Transcription Available Here: https://www.epwealth.com/transcript-the-market-update-june-9
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