CNBC Daily Open: Don’t confuse slow hiring with layoffs
Publishing timestamp: 2024-09-06 02:36:57
Summary
Private sector hiring in the US is shrinking, with only 99,000 workers added in August, below expectations. Markets were mixed, with the Nasdaq Composite eking out gains. The US is implementing new export controls on critical technologies. New Zealand is experiencing a brain drain. Investors are considering opportunities in emerging markets. ADP's report on private payrolls in the US is not a great sign for the economy. Labor market data is mixed, with jobless claims lower than expected. The US Labor Department will release its August jobs report later today.
Sentiment: MIXED
Tickers: JPM, .N225, .IXIC, .SPX, .DJI,
Keywords: semiconductor device manufacturing, economic events, china, united states, jpmorgan chase & co, new zealand, nasdaq composite, labor economy, dow jones industrial average, nikkei 225 index, jobs, business news, markets, s&p 500 index, world markets, personnel,
Source: https://www.cnbc.com/2024/09/06/stock-markets-dont-confuse-slow-hiring-with-layoffs.html