Interpreting Subtle Shifts in Employment Data | Episode 088 | 01-05-24

Join Megan Horneman, Chief Investment Officer at Verdence Capital Advisors, as she reviews the latest jobs report. While the headlines flash the creation of 216,000 new jobs, Megan looks behind the headlines, revealing a potential slowdown in the workforce. This episode isn’t just about the numbers; it’s an exploration of the subtle shifts that suggest bigger economic currents are at play. From the surprising dip in labor force participation to the rise in average hourly earnings, Megan’s analysis considers the nuances that might escape a casual glance, and what these changes suggest about the future of inflation and the Federal Reserve’s next moves.

How will a near-contraction in the ISM services report affect where we spend our money? What does the increase in part-time employment for economic reasons mean for the overall job market? As we dissect these indicators, we also confront the market’s reaction—equity rallies and dips in bond yields—while forecasting the Fed’s interest rate decisions. 

Watch today’s episode here: https://youtu.be/u4wrsW2UsH0