The recent labor market report brought weaker than expected April employment numbers and a curious uptick in the unemployment rate. This episode peels back the layers of these statistics to reveal the true state of our economy.

Amidst the economic currents, we examine average hourly earnings, a key factor in the Federal Reserve's battle against inflation, and explore the perplexing signals from the ISM services index. The juxtaposition of a slowing economy with stubborn inflationary pressures suggests we should keep the champagne on ice regarding any imminent rate cuts.

https://youtu.be/hsm-kyrUKtM

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