Weekly Market Commentary (9/5): Payroll Miss, Unemployment Uptick, and Productivity Surges
Автор: Main Management
Загружено: 2025-09-08
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This week’s Market Note with Alex Varner (Head of Research) and James Maxwell (VP of Research) covers:
Jobs: Payrolls rose just 22K, with June revised negative—the first decline since 2020. JOLTS, ADP, and job cut data all confirm a softer labor market.
Participation & Unemployment: Prime-age participation hit a post-2024 high, while U3 and U6 unemployment climbed to their highest since 2021.
Fed Outlook: Weak jobs data boosts odds of a September cut—90% for 25bps, 10% for 50bps—pending CPI/PPI this week.
Productivity & Costs: Q2 productivity surged to 3.3% (best since 2023), while unit labor costs eased.
Click here to read this week’s full Weekly Market Note: https://www.mainmgt.com/wp/wp-content...
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