Latest / Markets with Megan: A Quick Financial Markets Update
Job Market Insights: Analyzing the February Employment Numbers | Episode 110 | 03-08-2024
Megan Horneman, Chief Investment Officer at Verdence Capital Advisors, brings you insights on the February employment report in today's episode. While the market response was relatively subdued, with equities initially rising and later pulled down by Nasdaq profit-taking, the employment data revealed a creation of 275,000 jobs in February, exceeding expectations. However, the unemployment rate rose to 3.9%, a two-year high, due to more people entering the labor force without immediate employment. Job gains were prominent in education, healthcare, leisure, hospitality, and government sectors…
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