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RedShoulder

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RedShoulder

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Friday, 09/02/2022 1:17:49 PM

Friday, September 02, 2022 1:17:49 PM

Post# of 460707
Take a peak at today's charts for Dow, Naz, S&P, Russell and you will see they all fell sharply, including the XBI and AVXL, around 12:30 today et. All 4 major markets went from green to red. Same for most all stocks.

Here is why:

The August jobs report showed the U.S. unemployment rate rise across the board. Meanwhile, Black workers marked the only demographic to see their labor force participation fall.

The unemployment rate rose 0.2 percentage point to 3.7% in August, according to data released Friday by the U.S. Bureau of Labor Statistics.

https://www.cnbc.com/2022/09/02/august-jobs-report-shows-declining-participation-among-black-workers.html

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