Macrocast: Pandemic Healing?
The May jobs report is out, and labor force participation is up–but is the news all positive? HPS Partner Matt McDonald joins Tony, John, and Brendan to discuss the ongoing labor market recovery from the pandemic and its implications for the Fed’s efforts to control inflation. Plus, the group breaks down Lael Brainard’s latest comments on the likelihood of a September rate hike pause, recession fears, and more.
Read MPP’s latest Five Minute Macro report here.
Read HPS’ jobs day fact sheet here.
See how the new jobs added in May compare to earlier months: