The latest jobs report showed a slowing pace of hiring which will affect stock market opportunities. The July jobs report showed slowing hiring with low unemployment. The economy continues to cool, which lessens the chances that the Fed will decide to raise rates when the FOMC meets next in September.
This signals investors that a soft landing remains a distinct possibility and that the markets can continue to move upward. Yet the economy continues to be challenging to judge, with many prominent economists predicting an oncoming recession. Nevertheless, a bullish outlook remains, and investors should continue to grow their portfolios given the impressive returns year-to-date across the market.
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