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January Sees 467,000 New Jobs, Stable Unemployment Rate

CFO News Room

Growth in employment continued in leisure and hospitality, professional and business services, retail trade, and transportation and warehousing. The forecast unemployment rate was 3.9%, essentially equal to the actual. economy added 467,000 nonfarm payroll jobs in January 2022, as the unemployment rate rose marginally to 4.0%.

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Transcript: Tom Hancock, GMO

Barry Ritholtz

Its index and its benchmark. And Tom has helped with the introduction of GMO’s first retail product, the quality ETF stock symbol Q-L-T-Y-G-M-O has been institutional since they launched in 1977. This is the first time they’re putting out a product for retail. a year, way over both. Morningstar five star gold rated.

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Transcript: Kristen Bitterly Michell

Barry Ritholtz

And so, with this gave me exposure to everything from investment banking to retail, looking at like checking account campaigns, like how do you get more assets in the door to credit risk. And I — I — I don’t like to ask people for predictions and forecasts, but you’re looking at the flows and you get client questions all the time.

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Transcript: Kenneth Tropin

Barry Ritholtz

RITHOLTZ: And last question about the various teams, does everybody have a different benchmark? And now, some of the retailers are talking about easing Amazon and Walmart. Well, I’m not forecasting another 20% down, but I do think we could go down 5% or 10%. How do you track performance? TROPIN: Yeah. They overhired.

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Transcript: Stephen Suttmeier

Barry Ritholtz

So, so here’s, here’s the why I, I’m looking at it near term, not, not making any sort of forecast or anything like that, but last year where we stood market was very nervous, s and p around the 200 week moving average finally started bottoming out. 00:29:11 [Speaker Changed] I mean, I think they do.