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A business can choose to liquidate (selling something to convert it into cash) physical business assets, such as real estate, equipment, computers, and vehicles — in order to pay off debts. It can be physical, like a vehicle you use to operate your business, or non-physical, such as a patent.
Todays payroll report reinforces the case for a Fed cut in December, but without inciting any meaningful worries about the labor market, said Seema Shah, chief global strategist at Principal Asset Management. Economists polled by Reuters had forecast payrolls would gain 200,000 jobs following a previously reported rise of 12,000 in October.
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