๐จ UNEMPLOYMENT TICKS UP โ GOOD NEWS FOR MARKETS? ๐บ๐ธ
The latest report shows:
๐ Unemployment rate is now 4.2% โ exactly as expected.
But hereโs the twist:
โก๏ธ Last month it was just 4.1% โ so yes, it actually went up.
Why is that good?
๐ Higher unemployment โ less consumer spending โ lower inflation.
๐๏ธ CPI drops on August 12.
If inflation continues to cool, thereโs a strong chance the Fed cuts rates in September.
๐ก So donโt panic over short-term dips โ the long-term trend still points up.
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