Looking ahead to August's jobs numbers
Summary
Kimberly Adams discusses the upcoming August jobs report with Diane Swank, noting that while forecasts predict modest growth, data imperfections and lapsed work permits for Haitian workers may distort results. Swank also analyzes the global bond market sell-off, attributing rising yields to a "perfect storm" of high government debt, massive capital needs for AI infrastructure, and inflation concerns. This episode highlights how these economic indicators signal a shift away from the post-pandemic low-interest rate environment.
Topics discussed
Pega AI platform advertisement
Understanding BLS jobs report limitations and revisions
Current state of the stagnant US labor market
Sponsorships: Odoo, Pega, and University of Illinois
Jobs report noise from Haitian worker status changes
Global bond sell-off driven by debt and AI costs
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