Stock Market Crash: ‘Major Disconnect’ Between S&P 500 and Job Market
To Jon Wolfenbarger, the stock market’s success and the labor market’s recent deterioration don’t seem to add up. As of market close on Friday, the S&P 500 sat at 5,626, just below record highs. And yet, the unemployment rate continues to inch up, job openings continue to fall, and payroll data continue to underwhelm. The…