It’s not looking so good for Team Pivot…
(by Half Dollar) The Employment Situation Report, commonly called the Jobs Report, has just been released for the month of September, 2022.
- Total employment increased by 263,000
- Unemployment rate fell to 3.5%
- Average hourly earnings rose by $0.10 per hour
That doesn’t sound good for Team Pivot!
Gold & silver gyrated and fell at the release of the report:
The Fed Pivot cheerleaders are going to need some different data.