Submitted by OMG__Ponies t3_11n12mr in news
ArrrGaming t1_jbs3a80 wrote
Reply to comment by cthulhus_tax_return in Dow sheds 300 points as Friday’s key jobs report looms ahead: Live updates by OMG__Ponies
> Unemployment will be low so the Fed will raise rates. Ridiculous.
If only. Many large tech companies have laid of a few hundred thousand highly paid workers, which is weird because most of those companies recorded profits, just not as much growth year after year (the horror!)
If the report this week doesn't reflect it, wait a month or two when everybody from January-March runs out of their "non-working period" and begins to collect unemployment if they haven't found a new job by then.
Unemployment isn't down. It's just not.
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