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Moody's Talks - Inside Economics

Sharing the Angst

Mar 7, 2025
Dante DeAntonio, Senior Director of Economic Research at Moody's Analytics, shares his insights on the February jobs report and the fragility of the labor market. The discussion uncovers how federal workforce cuts and inconsistent tariffs could impact the economy. They delve into rising unemployment rates and the effects of demographic shifts on labor participation. Dante also highlights his success in the stats game while the hosts reassess their recession probabilities, illuminating current economic uncertainties with engaging banter.
01:02:06

Episode guests

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Quick takeaways

  • February job growth of 151,000 primarily stemmed from healthcare, indicating a troubling concentration in fewer sectors contributing to employment gains.
  • Wage growth has slowed to around 4% annually, reflecting stagnant economic momentum and raising concerns about the overall health of the labor market.

Deep dives

Current Job Growth Trends

Job growth in February showed an increase of 151,000, primarily driven by the private sector. However, this growth has been concentrated mainly in healthcare, while other sectors such as leisure and hospitality have begun to decline. This pattern indicates a troubling shift in job creation, suggesting that fewer industries are contributing to growth. The report highlights the potential vulnerability of the labor market as fewer sectors participate in ongoing job gains.

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