A Triple Surprise: Friday’s jobs report came in at nearly 3X the consensus expectation: 517,000 new jobs versus 187,000 projected, resulting in a 53 year low for the unemployment rate that now stands at 3.4%. Check out this quick summary for more.
The Two Big Risks: It’s a strange economy: another great employment report on Friday 2/3 yet forecasts for recession continue. Brian Beaulieu warns us that we can never identify all the risks, but shares the “Two Big Known Risks to our Macroeconomic Outlook.”
Neither Debt nor Deficit: It’s not like there’s not enough economic drama around us: inflation, war for talent etc. Now add in the political; namely raising the debt ceiling. Dr. Brian Wesbury offers a different view on this issue. He asserts that “The US federal budget is on an unsustainable path…but not for the reasons that most people think.” Find out what those reasons are in his latest blog post “Debt Limit Drama.”
