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Schwab’s Kevin Gordon previews three jobs reports β openings, layoff announcements, and hire/quit rates β and what they imply for the labor market as summer winds down.
Editorial companion
Kevin Gordon of Charles Schwab flags three big labor prints this week, job openings, the hire-quit-openings rates, and layoff tallies, and argues they will shape the late-summer economic narrative. For investors those numbers are more than macro trivia; they move interest-rate expectations and therefore Schwab's core revenues from interest, trading activity and asset flows. It also matters for Schwab-run products, like its dividend ETF that recently grabbed headlines, because a surprise in jobs can reprice yield-sensitive strategies and the retail investor sentiment that funds Schwab's business.
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