Why did Friday’s jobs report miss expectations? Is the economy in trouble?

https://www.youtube.com/watch?v=/jp-hmn_Nc-U

Friday’s payroll report showed the US economy created 559,000 jobs in May, slightly below consensus expectations of 675,000. The unemployment rate is now 5.8%, the lowest level since the pandemic began.

Alain Corbani, Portfolio Manager at Finance SA, and Scott Rothbort, President of LakeView Asset Management, discuss the impact of Friday’s job report on inflation, monetary policy and investments.

For more insights into the macroeconomic landscape, see the video above.

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