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.
AI Snips
Chapters
Transcript
Episode notes
Moderating Labor Market
- November's jobs report shows a moderating labor market, not a drastically declining one.
- Payroll growth slowed, but unemployment rose, giving the Fed reason to consider a rate cut.
Fed's Decision Not Guaranteed
- The November jobs report doesn't guarantee the Fed's decision but supports a rate cut.
- Inflation data and other factors could still influence their final decision.
Uneven Unemployment Impact
- Unemployment disproportionately affects unskilled workers, with Black unemployment rising more than white unemployment.
- Job growth is concentrated in healthcare and leisure/hospitality, not tech or manufacturing.