Morning Note | September 1, 2023 | ZTR Following RA Cutting Distribution BIG
Summary
August employment report shows nonfarm payrolls grew by 187K, unemployment rate at 3.8%, and average hourly earnings increased by 4.29%.
June and July job figures revised down by a combined 110K jobs, signaling a weakening labor market.
CEF NAVs continue to recover, with muni CEFs up 75 bps for the week, while Brookfield Real Assets and Virtus Tota…
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