Today on the Macrocast, season five begins with Penta President Matt McDonald joining John, Brendan, and Bryan to talk about the latest Jobs Day numbers. The group notes that markets have reacted favorably to this month’s numbers and discusses why the labor force participation rate has remained low since the COVID-19 pandemic. They also offer predictions as to how the Federal Reserve might handle interest rates in 2023.
Finally, the group covers the latest news in the vote for speaker of the House of Representatives, breaking down its implications for important issues including the debt ceiling debate and government funding.
Read December’s Jobs Day fact sheet here.