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Softening Labor Market, US Credit Downgrade, and Football on the Way

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Manage episode 373968616 series 2943746
Content provided by Ford Financial Group. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Ford Financial Group or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

This week Ryan and Brian discuss how July's non-farm payrolls grew by 187,000, slightly below consensus, with a slight increase from June's revised figure of 185,000. Unemployment rate decreased to 3.5% from the previous 3.6%, while labor force participation remained at 62.6% for the fifth consecutive month.

They also covered how Fitch downgraded U.S. government debt from AAA to AA+ due to expected fiscal deterioration, high debt burden, and governance erosion. Yet, the rating downgrade is unlikely to impact U.S. debt or markets; U.S. remains a safe haven during market stress.
Job Growth Chart 1
Job Growth Chart 2
Market Reaction to 2011 Credit Downgrade

Tracking # 467084-1
Tracking # 1-05376752
Tracking #1-05377068

Send in your questions!

  continue reading

204 episodes

Artwork
iconShare
 
Manage episode 373968616 series 2943746
Content provided by Ford Financial Group. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Ford Financial Group or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

This week Ryan and Brian discuss how July's non-farm payrolls grew by 187,000, slightly below consensus, with a slight increase from June's revised figure of 185,000. Unemployment rate decreased to 3.5% from the previous 3.6%, while labor force participation remained at 62.6% for the fifth consecutive month.

They also covered how Fitch downgraded U.S. government debt from AAA to AA+ due to expected fiscal deterioration, high debt burden, and governance erosion. Yet, the rating downgrade is unlikely to impact U.S. debt or markets; U.S. remains a safe haven during market stress.
Job Growth Chart 1
Job Growth Chart 2
Market Reaction to 2011 Credit Downgrade

Tracking # 467084-1
Tracking # 1-05376752
Tracking #1-05377068

Send in your questions!

  continue reading

204 episodes

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