July Jobs: Ugh! Yikes! Eesh! Hmmm….

Nick Bunker from Indeed joined the podcast to break down July’s surprisingly weak employment report. The team put forward their favorite interjections before breaking down the report into causes for concern, potential measurement issues and (a few) reasons for cautious optimism. The discussion turned to the “Sahm Rule” as the group pondered whether the recent rise in the unemployment rate is signaling a recession.  Mark and Marisa both claimed victory in the Statistics Game before the podcast ended with the team putting forward their current recession probabilities. 

(4:00) July Employment Report  

(22:58) Labor Market Issues

(51:00) Stats Game

(1:02:50) Recession Risks

Today's Guest: Nick Bunker, Director of North American Economic Research at Indeed

Follow Nick Bunker: @Nick_Bunker

Hosts: Mark Zandi – Chief Economist, Moody’s Analytics, Cris deRitis – Deputy Chief Economist, Moody’s Analytics, and Marisa DiNatale – Senior Director - Head of Global Forecasting, Moody’s Analytics

Follow Mark Zandi on 'X' @MarkZandi, Cris deRitis on LinkedIn, and Marisa DiNatale on LinkedIn

Questions or Comments, please email us at helpeconomy@moodys.com. We would love to hear from you. 

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