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المشهد العربي
Kathy Wood on US Jobs Data and New Economy
Kathy Wood, founder of Ark Invest, expects that the latest U.S. jobs report indicates a radical shift toward a "new economy" based on technology, capital expenditure, and AI technologies, rather than the traditional reliance on the labor market and inflation. The report showed the addition of 162,000 jobs in non-farm sectors, with a gain of over 500,000 jobs according to household surveys, along with an increase in average working hours. This reflects genuine economic growth coupled with a decline in inflationary pressures, and it is anticipated that this transition will change market perspectives and monetary policies.
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