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Bloomberg Businessweek
US Hiring Rebounds, But Rising Unemployment Keeps Fed Cut Alive
Dec 6, 2024
Dorothy Walter, Partner and CFO at Alpine Investors, shares her expertise on the private equity landscape and the outlook for mergers and acquisitions. She discusses the anticipated rebound in deal-making activity by 2025, despite current declines. The conversation also touches on the implications of the latest labor market report on Federal Reserve policies. Additionally, they explore the growing advertising potential on platforms like TikTok amidst legal challenges, highlighting the evolving dynamics in the digital marketplace.
34:15
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Quick takeaways
- The labor market shows a moderation in job growth, with health care and hospitality sectors thriving amid rising unemployment rates.
- Expectations for increased mergers and acquisitions in private equity align with potential regulatory shifts and lower interest rates in the coming years.
Deep dives
Current Labor Market Trends
The labor market shows signs of moderation, with nonfarm payrolls rising by 227,000 in November, following an upwardly revised increase of 36,000 in October. This brings the average payroll growth over the past three months to 173,000, indicating a deceleration from earlier robust numbers. Notably, unemployment has increased slightly to about 4.2%, which some interpret as a stable rather than deteriorating situation. The absence of a significant rebound in sectors like retail hiring during the holiday season suggests underlying shifts in employment dynamics.
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