Macrocast: Dissecting the surprising jobs report

In this week's episode of the Macrocast episode, Ylan and Brendan dove into the latest jobs report, breaking down the unexpected addition of 336,000 jobs to the economy. They explored one of the standout features of this data: a massive 96,000 job boost in the leisure and hospitality sector. They also took a closer look at how this job growth is impacting wage data and the sudden rise in Treasury yields. Plus, Brendan and Ylan discussed potential disruptions tied to recent political events, like the narrowly averted government shutdown and the ongoing Hollywood labor strike. The pair also analyzed the Federal Reserve's new Instagram account and its informal approach to financial education.