October 2020

Market Minute - October 13, 2020

September employment data was released earlier this month showing that the economy continues to add jobs but at a slower pace.  According to the Bureau of Labor Statistics (BLS), nonfarm payroll employment increased by 661,000 last month with the unemployment rate coming in at 7.9%.  The headline number missed economists’ expectations of 800,000 but as we have seen throughout the pandemic, forecasting has been difficult with such large numbers moving in both directions.

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