Are we creating more jobs & are they the ones America wants?
By Matthew “Whiz” Buckley
In today’s Market Wrap-Up Video, Matthew Buckley, WCI’s Chief Investment Strategist, goes over how unemployment numbers blew the doors off of what was predicted. The official unemployment rate, also known as U-3, inched up to 7.9%, and U-6 is at 14.6%. According to Matthew, “Our unemployment is actually above Europe’s, which is absolutely disturbing.” He also takes a look at the factory orders coming up below forecast and the VIX that had a massive pullback on the rally yesterday but is showing signs of life today.
So, Matthew asks, “Are we creating more jobs? Are they the jobs that America really wants to have?” Watch the Market Wrap-Up Video below to find out more.
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