Making Sense of Weak Job Growth Alongside Solid GDP Growth

In this episode of Goldman Sachs Exchanges, Allison Nathan interviews David Mericle, Chief U.S. Economist in Goldman Sachs Research, about the resilience of the U.S. economy. They discuss the impact of tariffs, the ongoing government shutdown, and the labor market's slowdown despite solid GDP growth. Mericle addresses concerns about a potential deterioration in the labor market and the role of AI in jobless growth, while also discussing inflation trends and the potential impact of future tariff increases. They also touch on the Federal Reserve's upcoming meeting and how the lack of official data might influence their decision-making process regarding interest rate cuts.