The unemployment rate hit 4% for the first time in 2 years. Here's why economists say you shouldn't worry
Publishing timestamp: 2024-06-21 11:14:58
Summary
Unemployment rate rose to 4% in May, but economists are not too concerned as job growth and labor force participation remain strong. The Sahm Rule is being used to monitor the rate of increase in unemployment. Goldman Sachs has raised its year-end forecast for the S&P 500. Warren Buffett's thoughts on the GameStop mania are revisited as frenzy returns in 2024.
Sentiment: NEUTRAL
Tickers: AMZN, MCO, BAC, GOOGL,
Keywords: business news, jobs, personal finance, breaking news: economy, careers, recessions and depressions, amazon.com inc, economy, moody's corp, bureau of labor statistics, alphabet inc, unemployment, bank of america corp,
Source: https://www.cnbc.com/2024/06/21/unemployment-ticked-up-recession-risk-remains-low.html