Recently Wiley Angell contributed his thoughts on the August 202 Jobs Report to Palash Ghosh’s article titled “Jobs report ‘very good’ for investors” in Pensions & Investments on September 2, 2022.
Wiley Angell, St. Louis-based Chief Market Strategist at Ziegler Capital Management, said by email that although the unemployment rate increased, this will be perceived as a good thing by the Fed as the labor participation rate increased.
“The Federal Reserve is likely to continue their position of restoring price level stability,” he said. “Although that will likely continue to cause some short-term pain, longer-term investors can benefit from these actions. Decades of price level stability resulted in sustained economic growth, rising equity markets, and declining interest rates. The Fed appears to be focused on this goal and the jobs numbers today will only embolden them to continue.”
The information contained herein has been prepared from sources believed to be reliable but is not guaranteed and is not a complete summary or statement of all available data nor is it considered an offer to buy or sell any securities referred to herein. Links included herein are to unaffiliated third-party sites. The Firm cannot verify or guarantee the accuracy of any information presented therein. By clicking on these links, the reader understands and acknowledges they are leaving Ziegler Capital Management’s web page.
