๐ฉ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ผ๐๐ฒ๐ฟ๐๐ถ๐ฒ๐ :๐ฉ
Summary: In August, the US private sector recorded the slowest pace of job growth in nearly four years, raising concerns about the countryโs economic momentum. The latest ADP report showed that only 99,000 new jobs were added, significantly below expectations and marking the lowest level of employment growth since January 2021. This slowdown is fueling fears of a potential economic downturn in the world's largest economy.
๐๐ฒ๐ ๐๐ถ๐ป๐ฑ๐ถ๐ป๐ด๐:
๐ฃ๐ฟ๐ถ๐๐ฎ๐๐ฒ ๐ฆ๐ฒ๐ฐ๐๐ผ๐ฟ ๐๐ผ๐ฏ ๐๐ฟ๐ผ๐๐๐ต:
The US private sector added 99,000 jobs in August, the lowest figure since January 2021.
July's job additions were revised down from 122,000 to 111,000.
Economists had predicted an addition of 140,000 jobs in August, making the actual numbers significantly lower than anticipated.
Wage Growth:
Annual wage growth for workers who remained in their jobs stabilized at 4.8%.
Sectoral wage growth rates:
Natural resources and mining: 3.9%
Construction: 5.2%
Manufacturing: 4.7%
๐๐ผ๐ฏ ๐ข๐ฝ๐ฒ๐ป๐ถ๐ป๐ด๐:
The number of available job openings in the US decreased for the second consecutive month in July, dropping to 7.7 million, down from 7.9 million in June.
This is the lowest level of job openings since January 2021 and fell short of the 8.1 million forecast.
Layoffs:
Layoffs surged in August, with a notable 193% month-over-month increase, according to the Challenger & Graysmith report.
Total layoffs reached 75,891 in August, up from 25,885 in July, where layoffs had decreased by 47%.
Year-over-year, layoffs increased by 1%, and total layoffs for 2024 so far amount to 536,421, reflecting a 3.7% decrease compared to the August 2023 reading.
The technology sector saw the most layoffs, with 39,563 terminations in August, a staggering 558% rise from July's 6,000 layoffs.
Unemployment Benefits Claims:
The number of Americans filing for unemployment benefits fell by 5,000 to 227,000 in the week ending August 31, hitting an eight-week low.
Despite the drop, this was slightly less than the expected decline to 225,000.
The previous weekโs figure was revised upward by 1,000 to 232,000.
The four-week moving average of claims, considered a more stable indicator of labor market performance, fell by 1,750 to 230,000.
This data appears to contrast with the Challenger & Graysmith report, which indicated a sharp rise in layoffs for August. While the number of layoffs increased by 193%, unemployment claims data suggests businesses are still hesitant to initiate widespread layoffs, possibly due to economic uncertainty and labor market stagnation.
๐๐ผ๐ผ๐ธ๐ถ๐ป๐ด ๐๐ต๐ฒ๐ฎ๐ฑ:
Investors are awaiting the release of the US Department of Laborโs monthly jobs report, which is expected to show an addition of 161,000 jobs in August, up from 114,000 in July.
This report will provide further insight into the state of the labor market and broader economic trends.
๐ฐ๐ผ๐ป๐ฐ๐น๐๐๐ถ๐ผ๐ป:
The US labor market is showing signs of slowing down, as evidenced by declining job growth, fewer job openings, and a sharp rise in layoffs. While unemployment claims have not spiked significantly, the contrasting data from various reports suggests uncertainty and stagnation in the labor market.Which will put more pressure on the Fed to cut interest rates further this year. This data was reflected in the portfolio, as there was a lot of volatility and I think it will continue for this month, but since our long-term investment and Since the trend for all indicators is upward in the long term in general, this means that these fluctuations are only opportunities for open new positions, so cash is also important at this stage.
for example, I opened new positions in TQQQ and $RMS.PA (Hermes International)
I confirm that patience is very important at this stage to avoid exiting with losses and missing available opportunities.
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๐๐๐ ๐ฅ๐๐ง๐๐ค๐ง๐ข๐๐ฃ๐๐ ๐ผ๐ณ ๐บ๐ ๐ฝ๐ผ๐ฟ๐๐ณ๐ผ๐น๐ถ๐ผ
๐น 2020: +48.73% โ
๐น 2021: +14.44% โ
๐น 2022: -30.88% โ
๐น 2023: +34.57% โ
๐น 2024: +13.52% โ
๐ Total Performance Since Inception: +80.38%
๐ Average Annual Return: +16.71% over the last 4 years
๐ Profitable Weeks: 62.96%
๐ฐ Estimated Dividend Yield: 1.30% annually
๐จ Risk Score: 4
๐ฐ๏ธ Long-Term Investor | โ No Leverage |
๐ก๏ธ Diversified Portfolio๐ฐI wish everyone a good investment ๐ฐ
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