Reasons to Doubt the Employment Strength - October 18th, 2024

We had a great Jobs number for the month of September that was released at the beginning of the month. Our economist is taking another view; in his weekly economics piece released he gives us a deep dive at what he believes the true employment picture in the U.S. looks like. I pulled the highlights I took from his release below.

Overall the jobs market is still healthy, but its important we take notice to the fact that it is slowing down. Now that the Federal Reserve is cutting rates, this new rate environment should be supportive of jobs growth overall.

I enjoyed this weeks release by First Trust on Space X and the leading space innovation. On Sunday, SpaceX achieved a groundbreaking milestone as its Starship rocket was successfully caught mid-air by a giant pair of mechanical arms upon its return to land. This historic feat marks a major leap toward its goal of creating a fully reusable and rapidly deployable rocket system. In this week’s “Three on Thursday,” we explore the latest developments in space exploration.

Retails sales came in strong for the month of September at 0.4%, this number was in line with expectations. A number that is great for the market, as it continues to support the narrative of a strong economy.

Information was developed by First Trust, an independent third party. The opinions of Brian S. Wesbury, Robert Stein and Strider Elass are independent from and not necessarily those of RJFS or Raymond James.