In this episode of Buckingham Perspectives, Chief Investment Officer Kevin Grogan explains why a recent jobs report has stirred markets.
At the start of August, the Bureau of Labor Statistics released a jobs report showing the unemployment rate at 4.3%. Although this remains historically low, jobless claims have slowly ticked up in recent months, and fewer employees are voluntarily leaving their jobs. Some investors have perceived these trends as poising greater risk of a recession. However, there are also a few reasons to believe that the labor market may be stronger than the report indicated. In light of these developments, it’s important to maintain a long-term perspective. Market corrections are normal and happen nearly every year. Ensuring your investment approach is designed to weather such volatility will make fluctuations easier to endure. Speak with your advisor if you have questions about your portfolio’s risk level.
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