Bloomberg Businessweek cover image

Bloomberg Businessweek

US Jobless Rate Hits Two-Year High Even as Hiring Stays Strong

Mar 8, 2024
34:40
Snipd AI
US jobless rate hits a two-year high despite strong hiring. Topics include gender diversity on boards, wealth transfer implications for women, and the impact of demographics on the stock market. Discussion on job market trends, gig workers, and challenges in talent acquisition. Exploring the importance of diversity in corporate leadership and the significance of tailored financial advice for women.
Read more

Podcast summary created with Snipd AI

Quick takeaways

  • February job gains driven by education and government sectors
  • Challenges for credit investors due to historical spreads tightness

Deep dives

Job report analysis

Despite the positive headline beat in the recent jobs report, nearly one-third of January payrolls were revised downward. The job gains in February were largely driven by education, healthcare, and government sectors. This trend aligns with the market's soft landing narrative, indicating a healthier economy and a favorable Fed outlook.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode