At least not yet.įed Chair Jerome Powell has said the Fed isn't trying to cause a recession, but the path to avoid one has narrowed. Economists keep expecting rising personal debt and inflation to drive millions of absent workers back into the job market, relieving some of the current supply problems and easing pressure on wage growth. The labor force participation figure ticked down to 62.2 percent last month and remains stubbornly low. The big mystery of this economy is why more workers are not coming back into the labor market after Covid-19. Keep an eye on: Labor force participation. So good news could be bad news for the stock market. But it would also likely mean more and faster rate hikes.
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Wall Street might not freak out though because it would likely mean a swifter end to Fed rate hikes.Ī big beat to the upside - along with any signs that annual wage growth is accelerating again - might relieve some near-term recession fears. If the number shocks to the downside(under 100K or thereabouts), big forecasters will push up their recession timetables to later this year or very early next year. Those numbers indicate the Fed’s hikes are already slowing the economy which should theoretically start to bring down inflation. And it would let the Fed pretty much stay the course and continue to tilt body language toward an eventual end to its sharp rate-hiking campaign.Ī goldilocks-ish number around 250K would also confirm other slightly worsening (though still fine) data on job openings and initial jobless claims. Such a number would show, once again, that the economy is not yet in recession despite back-to-back quarters of GDP shrinkage. July’s figure, out at 8:30 a.m., is a bit more vital given widespread confusion over when we might hit a recession, how bad that recession might be and how hard the Fed will have to keep pushing to bring down soaring inflation.Ĭhances are the number will come in somewhere around the 250K consensus, which would be a significant but not massive drop from June’s 372K. Welcome to jobs day - Every monthly jobs report is important to gauge the health of the U.S.
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In this performance Eliza Jane Schneider embodies voices, accents and mannerisms of people of varying cultures, genders and ethnicities different from her own.By BEN WHITE, KATE DAVIDSON, SAM SUTTON and AUBREE ELIZA WEAVERĮditor’s note: Morning Money is a free version of POLITICO Pro Financial Services morning newsletter, which is delivered to our subscribers each morning at 5:15 a.m. Please note: Freedom of Speech contains strong language and mature content that may not be appropriate for all audiences.
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The piece sets up a dialogue between the disconnected: urban and rural rich and poor New York and the South, all while taking the audience on Schneider’s wild ride from Arizona to Alabama to Alaska, stopping off in beauty parlors, swimming holes, bars, street corners, and churches, asking everyone she met, simply, “What’s going on?” Dubbed by the press as “Wildly funny and genuinely poignant” Freedom of Speech blends the immediacy of a documentary with the intimacy of Schneider’s hilarious personal narrative to capture a muffled underlying voice of America that we won’t hear anywhere else.
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Almost 30 years and thousands of interviews later, she invites us on her journey in Freedom of Speech. After having her wrist broken by a cop while protesting the first Gulf war, Schneider quit her “dream” job on television and set off across the country in search of … something she could not define. Eliza Jane Schnieder is a voice actor and dialect coach whose work has been featured on South Park, King of the Hill and numerous other animated shows and movies. She has taught and recorded dialects from all 50 states and around the English-speaking world.