All-Stars #68 Danielle DiMartino Booth: Interpreting Friday’s Jobs data

Macro Voices

Hedge Fund Manager Erik Townsend

Business, Investing, Business:investing

4.8 • 3.4K Ratings

🗓️ 9 October 2019

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

All-Star Danielle DiMartino-Booth is back to take a deeper look at last week’s Jobs report an share her analysis of what it means. Also free issue of Daily Feather newsletter. Link:http://bit.ly/2M0M6Nx

Transcript

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0:00.0	This is a special edition of Macrovoises with hedge fund manager Eric Townsend.
0:14.2	The premier financial podcast targeting professional finance, high net worth individuals, family
0:19.8	offices, and other sophisticated investors.
0:23.0	Now for this special edition of Macrovoises, here's hedge fund manager Eric Townsend.
0:30.0	Macrovoises All Stars episode 68 was recorded on October 7th, 2019.
0:35.6	I'm Eric Townsend.
0:37.0	All-star Danielle DiMartino Booth is back with us today.
0:40.8	This episode of Macrovoises is brought to you by top traders on Plug.com, which happens
0:45.5	to be my favorite podcast when it comes to quant and rules based investing.
0:50.4	Check them out, you'll be glad you did.
0:52.4	Danielle, we had the jobs number out on Friday, caught a lot of people by surprise.
0:57.4	Let's start with, I think, the number is the number, but it's the interpretation where
1:02.2	your expertise really comes into play.
1:04.3	How should we interpret the jobs number from last Friday?
1:07.6	Well, there was definitely some good and some bad.
1:10.7	We were all surprised here at Quill Intelligence about the decline in the unemployment report.
1:17.2	And of course, that is what led every single interview and headline subsequent to the
1:22.5	job report coming out December 1969 low in the unemployment report, wow, life is great.
1:28.6	There was some definite good math about that.
1:30.6	The labor force grew by 117,000.
1:34.8	That's a little bit over half as much as the population grew.
1:38.9	That left the practitioner patient rate unchanged, but unemployment fell by 275,000.
	...

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