The July non-farm payroll report released by the Bureau of Labor Statistics has sent shockwaves through financial markets, raising concerns about the U.S. economy's health and dramatically altering expectations for Federal Reserve policy. The report revealed a significant weakening in the labor market, with only 114,000 new jobs added in July, far below economists' forecasts. More alarmingly, the unemployment rate jumped to 4.3%, its highest level since October 2021, surpassing the anticipated 4.1%... Read more: thegoldforecast.com/gold/2024/labor-market-shock-i…
The Gold Forecast - Gary Wagner