What the Jobs Report Says About Inflation and the Economy: March’s Nonfarm Payrolls | Market Takes

Higher-than-expected inflation in recent months and weak readings from business surveys have prompted questions about the economy. Today’s jobs report provides more answers on the economy in 2024.

I’m Dion Rabouin, a WSJ reporter covering markets and the economy. I’ll be diving into all things finance, from the popular and well-known — like crypto and stocks — to the complex and intricate — like leveraged loans, derivatives and private equity. Subscribe to join me as I take a deep dive into what’s making money move and why it matters.

[BaccaratDegen]

I found Deion after listening to the Compound podcast. I looking to see where he lands at his new job, after WSJ decided to part ways.

[jacquelinew]

I work for the govt on the jobs report. Most of March gains were temp election jobs that last about 2 weeks.

[beaumac]

As we’ve been saying for months, higher rates for longer. Get used to it. There are no rate cuts coming. Asset prices will explode once this reality is accepted by the masses.

[johnnyosgrillhideaway]

Excellent as always, Mr. Rabouin. Thank you. Looking forward to your next Market Takes.

[Rastebb]

Desperately missing these. Thought my algo was broken cause i hadnt seen you in a while

[susantillander]

Why doesn't he mention the fact that most of the jobs were part-time and there was a drop in full-time jobs?

[mgnfcnt]

The Coolest To Ever Do It!! Thank you Dion 😊 you definitely Cut Through The Noise 💪🏽

[obscureorca]

Yo Dion, how much do you bench man? Your chest is going through an inflationary period too

[MangoFlamingo]

Strong jobs! Gov employment and part-time wendys job lol

[davidschneider]

We will never control inflation as long as we tolerate monopolized manufacturers who operate with little or no competition.

[zeone]

You're always terrific Dion! Love how you keep things casual and the research you share!

[somewhereoutthere]

Employers should be heavily fined for posting Ghost Jobs and for excessively/repetitively posting and then canceling jobs.

[JeffTMagic]

Always great - love listening and learning

[soenaing]

What happen to April job reports breakdown?

[Clint-stanley]

Nice summary Dion.
1. I see jobs being added at a good rate but actual participation rate unchanged. Is there something going on with the quit rate? Are people trading up in their jobs? How long are people staying in there jobs?
2. Glad you pointed out the housing related jobs almost doubled. You past reviews led me to believe the Fed is counting on that to curb inflation. Figure it will take time. Is there a figure on how long housing growth takes to kick in. Say a 6 month lag or is it 9 months?

[jasonzola]

Interesting that good news was good news today. Rate cuts looking very unlikely- unless numbers aren’t telling the story

[firstlast]

The numbers don't lie but liars use numbers 🤓 🖕

[metrocabinet]

Please will somebody do a survey are data collection on small Remodeling and home repair services. I keep hearing that this consumer is strong well they have pulled out dramatically the phone is not ringing in this sector nearly as much as it would under a normal economic circumstance economic circumstance. Trust me the consumer is pulling back this is not a valid assertion that you make

[lordprettyflackojodye]

hey, can you please add subtitles? I have hearing problems and need hearing aids. Its hard to focus for me with my ears on so much information in a short time. Thanks.