In this week’s episode of the Macrocast, hosts Ylan Mui, John Fagan, and Brendan Walsh decode the latest jobs report, a surprising addition of 199,000 jobs with healthcare and government hiring leading the charge. Yet, they also investigate the sectors experiencing a slowdown, like wholesale and retail trade. In the face of a booming job market and the Fed’s cautious stance, there seems to be an undercurrent of pessimism.
Ylan, John, and Brendan also discuss the Biden administration’s economic actions and recent fiscal expenditures, including the bipartisan infrastructure bill—specifically, their impact on the economic landscape and public sentiment. Our hosts are looking forward to the week ahead in finance, which includes a Fed rendezvous, the retail sales announcement, the inflation numbers reveal, and the global Purchasing Managers Index data release.