Episode 7: Chad & Cheese Podcast Does Data!
May. 10, 2024
Length: 27 minutes
April 2024 Jobs Report: Getting the Balance Right
The U.S. economy added 175,000 jobs in April, below expectations, and the unemployment rate rose to 3.9%. Average hourly earnings rose slightly, and sectors like health care, social assistance, transportation, and retail saw significant job gains. The report suggests a "Goldilocks" scenario for the economy, where growth continues without overheating. Markets reacted positively to the news, with traders now expecting two interest rate cuts by the end of 2024. With this as a backdrop, Chad & Cheese are joined again by LinkUp's CEO Toby Dayton to review all the ways the Fed is getting the balance right.
