4.4.23 Main Takeaways From the Report on Business
Overview
• Manufacturing activity last month fell to its lowest since May 2020, as recession fears loom in front of businesses and consumers alike.
• Employment shrunk for the second month as firms cut workers in response to weaker demand. The decline in jobs is a harbinger of a weaker job market in the months ahead.
• Prices paid by factories declined in March and align with the latest reading from the Federal Reserve’s (Fed) preferred inflation gauge released last week.
• Bottom Line: The main takeaway from this report is the job market is slowing so investors should prepare for a weaker job market, hig
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