Jobs, Inflation and Recession Fears: Analyzing the Latest Nonfarm Payrolls Report | Market Takes

The August jobs report will set the stage for where the market moves next and dictate the economy’s next phase. Soft landing summer pumped up stock prices but recent data have shown it’s not yet all good. We’ll unpack the latest nonfarm payrolls report and explain what it tells us about jobs, inflation and the likelihood of a U.S. recession in the near future.

Market Takes is a stripped-down and straight-up livestream where I'll cut through the noise and break down the week's most important market trends, reports and economic data. Tune in to understand what will be moving markets each week and why.

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.

#Inflation #Markets #DionRabouin

[manavmehta]

Dion’s shirts keep getting tighter 😂 Our boy getting jacked yo!

[stuyboy]

thank you for not overcomplicating this stuff, doesn't need to be. like your communication style. more of this, wsj!

[susannnico]

The greater the automated income you can build, the freer you will become. Taking the first step is the hardest, but 5 houses later living off automated income since July 6, 2016. You’ve got to start taking steps to achieve your goal.

[JeffTMagic]

The man the myth the legend is back. Definitely glad to see it

[eudofia]

Great analysis. Always helping make sense of the numbers.

[EleanorJoshua]

Money is not meant to control people, rather it is meant to be put to work producing more money for you. You cannot build wealth without putting money in its rightful place...

[JWEATHERSBY]

Appreciate the clear breakdown, Dion. Great explanation of multiple factors at play (as always).

[VictorAntares]

always great having your insight. definitely what JP$ wants to see, but I hope the Fed's aware of that as well. hope they decide to stop the tightening before they choke the economy too much

[Hati]

I'm glad you're back. Well done spotting the trend with the revisions of the jobs numbers. I don't think any of us would have picked up on that without you.

[sureshnishtala]

No one analyzes as great as usual wonderful analysis

[Mr-Spork]

I clearly remember in the past ('90-'91 & '01-'02 & '07-'08), before recessions took hold, job numbers went up then everything suddenly tightened up & the labor market tanked. I'll be watching Mr. Rabouin's (awesome!) channel to see if he starts reporting increased unemployment in the next couple of quarters.😕

[christophergreen]

Great content as always. More content from Dion please WSJ!

[mitchell.]

In addition to the market takes it would be great for a return of the occasional 2-5 minute "topic" video. Maybe do one explaining how the "Fed" is a private group that controls the money supply of the U.S.A.. Not sure it is common knowledge beyond people like us that are into economics.

The revisions are significant and lately a trend. The report version one comes out so early. Granted it is week one reported the next month though it is still early.

Knowing you from early one I take it your referring to CPI-U and not CPI-W?

[raymondsoliz]

Thank you trying to read this stuff is too boring but your break down helps

[abbottmd]

that was a great show! i loved the depth of analysis

[Malik_]

Great stuff! I’ll definitely be tuning in more, appreciate the clarification of BLS information. I wonder when the gathering of information that the BLS uses will change. Participation drops can’t help what they’re trying to assess.

[TheOOOOOOOOOOOOOOO]

Why is fed still only focusing on the labor cost for driving inflation? I thought we already figured out corporate profit rates were a huge reason for the rising prices?

[kylemcpherson]

Never heard of you. But your viewers seem to like you. New sub. Cheers 🕴🏾

[Dercho]

"I'll take 'smeduims' for $800, Alex."

[Mr-Spork]

I had a question. You mentioned three types of folks make up employment figures: the employed, the unemployed actively seeking employment, and the unemployed not actively seeking employment.
My question is: where do entrepreneurs, and the self-employed (i.e. contractors, casual laborers, content creators, YouTube influencers, etc) fit in? It seems like they're a much bigger part of the economy now but are clearly not "unemployed" nor actively seeking work - they're creating their own. Where (or how) do they factor into the numbers because they're generating income so technically they're not "unemployed". Or are they just (wrongly) lumped into the third category?
As Disraeli (or Magendie?) put it: "lies, damned lies, and statistics"