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Stock impact report

The labor market's holiday present for America: the highest unemployment in 4 years. It might be ‘noisy' but the jobs just aren't there [Yahoo! Finance]

LPL Financial Holdings Inc. (LPLA) 
Last lpl financial holdings inc. earnings: 4/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.lpl.com
Company Research Source: Yahoo! Finance
After a year of stalled hiring and “ghost jobs,” Americans are going back to school retraining , and trying to get off the sidelines. But they've been flying blind after the longest federal government shutdown in history clouded the picture on job growth and unemployment. Finally, the October and November figures confirmed what most of them seem to feel already: The labor market has no room for them. The unemployment rate rose to 4.6% in November, the highest since 2021. But this isn't a standard recession: The BLS isn't seeing layoffs happen as much in the private sector. Instead, it continues to see a virtual hiring freeze , two-thirds of a year after the bottom fell out of employment growth in April. Jeffrey Roach, chief economist at LPL Financial, wrote in a note the jump in unemployment reflects a “transformation” in the labor force. Rather than unemployment being driven by layoffs, he said, “it was driven by an increase of individuals formerly not in the labor force.” In ot Show less Read more
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