Bloomberg Businessweek
US Jobless Rate Hits Two-Year High Even as Hiring Stays Strong
Mar 8, 2024
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.
34:40
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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.
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