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US Watching Jobs Report for Signs of Easing Labor Market, Cooling Economy | Robins Kaplan LLP

Mount Equity Group Tokyo Japan > News > Markets > US Watching Jobs Report for Signs of Easing Labor Market, Cooling Economy | Robins Kaplan LLP

Jobs Report Friday. Here’s what we’re watching for in the numbers, including speculation about some easing in the historically tight labor market – MarketWatch and Marketplace and Bloomberg and NYTimes and WSJ

OPEC+ members met this week and agreed “to a larger increase in supply than planned for July and August,” a move the White House “hailed . . . as a diplomatic breakthrough after months of lobbying Middle East oil giants to raise production to ease price pressures.” Still, even with the increase, Thursday’s announcement is “unlikely to cause gasoline prices to fall” – NYTimes and WSJ and Bloomberg

Winklevii-owned crypto company Gemini Trust Co. is on the receiving end of a new CFTC-initiated lawsuit that accuses it of “misl[eading] regulators as part of an effort to gain approval for bitcoin futures in 2017.” The suit “amounts to a broadside against one of the crypto industry’s best-known brands,…

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