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Schwab CEO Expects Continued Softness in U.S. Labor Market Data

Omar Aguilar of Schwab Asset Management says unemployment and labor market indicators will remain weak, regardless of upcoming data releases.

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Terms & Concepts
  • Labor Market Data: Statistical information that measures employment, unemployment, job creation, and workforce participation.
  • Unemployment Rate: A measure of the percentage of the labor force that is without work but actively seeking employment.