ExitBuddy

From:  https://www.forbes.com/sites/jackkelly/2023/11/18/heres-why-the-job-market-will-improve-in-2024/?sh=1f76a87539ea Why Things Changed The economy saw a swift change predicted to increase the likelihood of a strong job market from now into next year. The brighter outlook was due to the decrease in the Consumer Price Index (CPI) and a significant boost to the stock and bond markets. The decline in the CPI and the potential for inflation stabilization led to investors' optimism. The Federal Reserve's approach to interest rates and inflation has been a critical factor in market movements. If inflation remains at current levels or decreases, the Fed may be able to leave interest rates unchanged, which is viewed positively by the market.

 From:  https://www.jpmorgan.com/insights/outlook/economic-outlook/october-2023-jobs-report The U.S. labor market added 150,000 jobs in October, 1  lower than economists forecast, and a stark decline from the 297,000 jobs the economy added in September, a revision from the initially reported 336,000 for that month. “The October employment report came in below expectations at 150,000 jobs, with the ongoing auto workers’ strike likely partly responsible for the unexpected 35,000 decline in manufacturing payroll,” said Shawn Snyder, Global Investment Strategist for J.P. Morgan Wealth Management.  Snyder went on to highlight that, while the report was below expectations, it’s important to view the jobs report relative to the population’s growth.