Does last week’s weak jobs report signal a weak economy or worse, a looming recession?
Last week, Federal Reserve Chairwoman, Janet Yellen, mentioned there could be another rate increase in the coming months due to steady job growth and strong economic factors.
But on Friday, the Labor Department released a very shocking jobs report. June tends to be a volatile month for stocks anyway, and a slow down in the economy could make it worse. Don’t assume this period of relative stability we’ve enjoyed since February will continue.
And if the stock market weakens, we’ll continue to see a slowdown in high end real estate. That generally means there would be a boom in middle class housing as people look for more affordable places to live.
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