Podcast: The Good, The Bad, and The Neutral – The Latest Job Report Scenarios

On the most recent episode of the “Keeping it Real with Dr. Kuehl” economic update podcast for ASA members, this week Dr. Kuehl talks to members about all the possible outcomes for the job report that is going to be released this afternoon.
 

ASA Chief Economist Dr. Kuehl started off the podcast by telling members that the jobs report could have different scenarios… good or bad.
 

Chris said that a bad jobs report would show a high level of unemployment and there would not be enough jobs created or assumed. The estimate is on the more optimistic side, but we will know for sure on this upcoming podcast what the report turned out to be. A bad job report would give the Fed ammunition to lower rates.
 

A good job report would entail just the opposite impact. If there was an improvement on the unemployment side, that would give the Fed the incentive to delay raising rates. A job report won’t convince them to lower rates. The biggest impact would be in December – there would be the possibility of a quarter point drop.
 

Chris ends the podcast by saying that we are not on the cusp of a recession and that there is recognition that inflation is a problem. The key thing now is to watch the job numbers and see what kind of impact that has on the Fed decision making.
 

Dr. Kuehl produces three free economic update podcasts each month for ASA members (on Friday mornings). The podcasts are available in the MyASA portal at www.asa.net/myasa and through all traditional podcast hosting platforms.
 

Have a question or topic for Chris Kuehl that you would like answered on this podcast? Email it to Bri Baresel at bbaresel@asa.net.

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