The Monday Mix: Aug. 29 – Sept. 4, 2022

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Top-of-mind economic news as we start the week:

The U.S. economy added 315,000 jobs in August, indicating hiring remains strong; unemployment rate rose as more workers rejoined the labor force.

U.S. manufacturing activity expanded in August for the 27th month in a row; however, this is slowest pace since June 2020.

U.S. consumer confidence improved in August after three monthly declines, with income and jobs the areas of biggest rebound.  

Russia shut its Nord Stream 1 pipeline supplying natural gas to Europe indefinitely; measure taken after G7 countries agreed to put price cap on Russian oil. 

Florida has banned impact investing by its $228 billion state pension plans; move similar to the Trump-era ban on impact investing by private sector retirement plans with government oversight (ERISA). 

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