cover of episode What This Week’s Jobs Reports Could Tell Us About the State of the Consumer

What This Week’s Jobs Reports Could Tell Us About the State of the Consumer

2024/3/3
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WSJ's Take On the Week

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Shownotes Transcript

This week, we’re expecting the JOLTS and nonfarm payrolls reports. With inflation still holding above) the Fed’s target and some weakness in the latest) durable goods and retail sales) reports, February’s nonfarm payrolls report will carry some extra weight. Charles Schwab’s chief investment strategist, Liz Ann Sonders and their chief fixed income strategist, Kathy Jones, join us for a discussion about how the market is anticipating these reports, especially the jobs report– which will be the week's marquee data point. We’ll also be looking to see what these reports tell us about the state of the consumer. Then, ahead of Target and Costco’s earnings results, WSJ reporter Sarah Nassauer joins to talk about how those reports may show us how shoppers are balancing wants and needs. And with Super Tuesday fast approaching we’ll hear from Sam Stovall, chief investment strategist at CFRA Research, about how this election can move the markets and what the likely presidential rematch between Donald Trump and Joe Biden means for investors. 

Further Reading

Hotter-Than-Expected Inflation Clouds Rate-Cut Outlook

Nasdaq Approaches Its Record High

U.S. Shoppers Cut Back in January

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