U.S. Economy Added 142,000 Jobs in August 2024

By Tom Burnett CFA On September 6, 2024, the Bureau of Labor Statistics issued its Employment Report for August. Total employment increased by 142,000 from the prior month and now stands at 158.8 million. The unemployment rate fell from 4.3% to 4.2%, but is still higher than the 3.8% rate of one year…

By Tom Burnett CFA On August 14, 2024, the Bureau of Labor Statistics released its CPI report for July. The Index rose 0.2% in July, following an increase of 0.1% in June. The 12-month increase was 2.9%, the lowest rate of yearly increase since March 2021. The Core Index, excluding food and energy, rose…

We at Starboard hope this letter finds you well. We are writing to provide an update on the recent volatility and weakness observed in the financial markets over the past week…

KFA Newsletter July 2024

By Tom Burnett CFA On August 2, 2024, the Bureau of Labor Statistics released the Employment Report for July. Total employment rose by 114,000, well below the average monthly gain of 215,000 over the previous 12 months. The number of job seekers rose by 352,000 to 7.2 million, up from 5.9 million a year…