2025-06-07
24 分钟This is an iHeart podcast.
The data that matters for Let's get to this jobs number.
I mean better than expected as John pointed out.
Again, weaker from last period.
Let's see what the world of the economists are thinking about this.
Steve Blitz, chief US economist at TS Lombard.
Hey, Steve,
what was your takeaway from kind of the various parts of this jobs report today?
Yeah, you know,
I actually find the market reaction a bit perplexing
because when you look at a lot of the pieces inside of it,
it really shows a weakening job.
strengthening one, right?
All the job gains really were in restaurants and health care services.
The rest of it was, you know, added up to pretty much of a flat number.
A good part of the decline was in employment.
Look at the household survey was in the 16 to 24 year old.
So people who are parents who are fretting about their children not being able to find jobs.
They're right.
It is a bad market for them.