This podcast episode delves into the latest jobs report, uncovering unexpected trends and their implications for the economy. While there has been a decline in temporary workers, a pattern often associated with recessions, broader layoffs have not followed, and wages continue to rise. The report adds another dimension with interest rates, as the Federal Reserve weighs the impact of higher wages on its decision, potentially leading to prolonged elevated rates. Additionally, the episode announces the Indicator of the Year for 2023, highlighting the value of consumer sentiment and teasing further exploration of the misery index in an upcoming episode.
