US job growth is slowing, but that doesn’t mean the US labour market is weak | Metals Mine

  • US job growth is slowing, but that doesn’t mean the US labour market is weak

    From corporate.nordea.com

    US job growth has clearly slowed — and the July report came in much weaker than expected. However, job growth alone is no longer a reliable indicator of labour market tightness or capacity utilization. The unemployment rate is a better gauge. The latest US labour market report pushed interest rate expectations sharply lower and weakened the dollar on Friday a week ago. While rate expectations have recovered slightly since, markets are still pricing in as many as five rate cuts by the end of 2026. We believe the market is pricing in more cuts than are likely to materialise, primarily because we don’t expect ... (full story)

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Trader#4501
Aug 9, 2025 7:40am
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Quoting HonzaD
Finally someone wrote it. Not the number of new jobs, but the overall unemployment rate is the key factor in cutting interest rates. And the same is true for yesterday's Canadian labor market data
well, not exactly, low new workplaces number clearly shows that private sector is no longer ready to take a risk, so .. expect lower level of investements, lower level of investments means cash flow to be reduced, so no new jobs in correlation with steady unemployment level means stagnation, why you stil try to convince yourself that modern economy is beased on developing new technologies and production of new goods and increasing number of raw matwerials amd not on speed of cashflow. lower cashflow speed means lower incomes also to the goverment budged and it means lower gross production. there is nothing to be happy about that numbers this is a clear sign of stagntion and next step - recession.
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Skidfxpro
Aug 9, 2025 12:46am
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Okay
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HonzaD
Aug 9, 2025 4:14am
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Finally someone wrote it. Not the number of new jobs, but the overall unemployment rate is the key factor in cutting interest rates. And the same is true for yesterday's Canadian labor market data
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Trader#DDD8
Aug 9, 2025 11:08am
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Time to start looking for a mean reversion event within the next few weeks .

Looking at the forward PE ratios and moving averages is quite telling . It’s a seasonal trend and markets have priced in pretty much everything . Of course there’ll be the naysayers who will tell you different . You can decide for yourself , watch this space is all I’ll say .
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