Bloomberg Surveillance
Alarms over Jobs Data and Previewing the Harris-Trump Debate
Sep 9, 2024
Andrew Hollenhorst, Chief US Economist at Citi, shares insights on labor market concerns and the trajectory of interest rates amid recent job data. Henrietta Treyz, Managing Partner at Veda Partners, previews the high-stakes debate between Kamala Harris and Donald Trump, discussing strategies aimed at attracting key voter demographics. Republican Representative French Hill analyzes the evolving dynamics in the political landscape, emphasizing the candidates' approaches to immigration and economic challenges as they prepare for a critical moment in the campaign.
35:46
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Quick takeaways
- The labor market is showing signs of potential weakness with rising unemployment trends, necessitating close monitoring of employment dynamics.
- Despite labor market concerns, consumer spending remains resilient, driven by job stability and wage increases, but future shifts towards saving may occur.
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