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Understanding the Employment Surge in the March Jobs Report | Episode 118 | 04-05-2024

Season 1 Episode 118 Published 2 years, 5 months ago
Description

If unraveling the complexities of the labor market and its implications on your investments is on your to-do list today, then you're in for a treat!  Megan describes an unexpected boom in job creation that's left even the optimistic forecasts in the dust.

In this episode, Megan reveals a surprising March 2024 Jobs Report. The US economy created a staggering 303,000 jobs--the most since May 2022--surpassing expectations. Megan analyzes the key sectors driving this growth, including government jobs, private education, healthcare, leisure and hospitality, construction, and trade and transportation.

Despite the strong job growth, the unemployment rate dipped slightly to 3.8%, marking the first drop in four months. We also witnessed a significant increase in the labor force, the largest in four months. However, temporary help declined, and part-time workers surged while full-time workers decreased.

https://youtu.be/HVWj-G4RZqA

Disclaimer:  material was prepared by Verdence Capital Advisors, LLC (“VCA”). VCA believes the information and data in this document were obtained from sources considered reliable and correct and cannot guarantee either their accuracy or completeness. VCA has not independently verified third-party sourced information and data. Any projections, outlooks 
or assumptions should not be construed to be indicative of the actual events which will occur. These projections, market outlooks or estimates are subject to change without notice. This material is being provided for informational purposes only and is not intended to provide, and should not be relied upon for, investment, accounting, legal, or tax advice. Past performance is not a guarantee of future results. Different types of investments involve varying degrees of risk, and there can be no assurance 
that the future performance of any specific investment, investment strategy, or product or anynon-investment related content, made reference to directly or indirectly in these materials will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. You should not assume that any 
discussion or information contained in this report serves as the receipt of, or as a substitute for, personalized investment advice from VCA. Due to various factors, including changing market conditions and/or applicable laws, the c...

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