Why did Friday's jobs report miss expectations? Is the economy in trouble?
Friday’s nonfarm payroll report showed that the U.S. economy added 559,000 jobs in May, slightly shy of consensus expectations of 675,000. The unemployment rate is now at 5.8%, the lowest level since the start of the pandemic.
Alain Corbani, portfolio manager of Finance SA and Scott Rothbort, president of LakeView Asset Management, discuss the impact of Friday’s jobs report on inflation, monetary policy, and investments.
For more insights on the macroeconomic landscape, watch the video above.