Conflicting Jobs Data Begin to Clear Up Over Labor Day

Conflicting Jobs Data Begin to Clear Up Over Labor Day
Hiring sign is displayed outside of a retail store in Vernon Hills, Ill., on Nov. 13, 2021. Nam Y. Huh, File/AP Photo/
Louis Navellier
Updated:
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Commentary

The ADP and Labor Department data came into alignment last week, but all three jobs reports were more subdued than expected, which should confirm that the Federal Reserve is through raising interest rates.

Louis Navellier
Louis Navellier
Author
Louis Navellier is chairman and founder of Navellier & Associates in Reno, Nevada, which manages approximately $1 billion in assets. One of Wall Street’s renowned growth investors, Navellier writes five investment newsletters focused on growth investing. In addition to appearing on Bloomberg, Fox News, and CNBC giving his market outlook and analysis, he has been featured in Barron’s, Forbes, Fortune, Investor’s Business Daily, Money, Smart Money, and The Wall Street Journal.
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