SAN FRANCISCO (KRON) — On Wednesday’s edition of Rob Black’s Winners and Losers, our financial expert and KRON 4’s Mark Danon talk about the most recent job report, Yahoo’s big problem and an interest rate forecast.
“As the U.S. economy continues to improve, it turns out there are a lot of jobs out there,” said Danon.
The most recent JOLTS, Job Openings and Labor Turnover Survey, came out saying that job opening in the U.S. are at a record high, according to Black. The unemployment rate is currently at 5.1%, however wage growth remains stagnant.
Yahoo could be facing a $9 billion problem if the IRS decides to tax their shares of Alibaba.
Mortgage rates are not likely to change, according to Black. Black says that because there is market calamity in the world, that should trump the federal reserve and interest rates.