Lots More on the Big Problem With the Monthly Jobs Report
Odd Lots4 Sep 2025

Lots More on the Big Problem With the Monthly Jobs Report

We've been in a strange labor market for a while now. The unemployment rate is still nice and low at 4.2%. But the pace of job creation has been slowing markedly. And furthermore, not only has the pace of job creation been slowing, it seems almost every monthly Non-Farm Payrolls number ends up getting revised lower. Of course, this comes at a time of some big transitions in the workforce — whether we're talking immigration changes, aging demographics, or AI. As such, just understanding the monthly data has never been more difficult. And because it's so difficult, it's also challenging to get a read-through from data to policy. On this episode we speak with Steven Englander, global head of G10 FX research and North America strategy at Standard Chartered Bank. In addition to talking about the state of the labor market, we also discuss the goings-on in bond markets, and why the stress is particularly acute in Europe.

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Episoder(1195)

Episode 18: The Obscure Report That Spawned the ETF Industry

Episode 18: The Obscure Report That Spawned the ETF Industry

In 1987, investors watched in horror as the Dow Jones Industrial Average plunged 22 percent in an event that became known as "Black Monday." Months later, the U.S. Securities and Exchange Commission p...

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Episode 17: How One Analyst Uncovered a $7 Billion Fraud

Episode 17: How One Analyst Uncovered a $7 Billion Fraud

In late 2008, as markets tanked thanks the the global financial crisis, two massive Ponzi schemes unraveled. One was the $17.5 billion fraud engineered by Bernie Madoff. The other was the smaller but ...

29 Feb 201625min

Episode 16: Making Money When Everyone Else is Losing Theirs

Episode 16: Making Money When Everyone Else is Losing Theirs

Everybody knows by now that a handful of hedge funders made a fortune by betting against housing before the market crashed back in 2008. But, people who bought at the bottom, when everyone else was pa...

22 Feb 201622min

How a Rural Irish Farmer Became an Expert on the Euro Crisis

How a Rural Irish Farmer Became an Expert on the Euro Crisis

In theory, anyone with an internet connection can became an expert on just about anything from just about anywhere. In the latest edition of Odd Lots, we speak with Lorcan Roche Kelly, a cattle farmer...

16 Feb 201629min

Episode 14: The World’s Only Stand-Up Economist

Episode 14: The World’s Only Stand-Up Economist

On today’s episode, we’re taking the “dismal” out of the dismal science by interviewing Yoram Bauman, who bills himself as the world’s only stand-up economist. Join us for a Laffer curve-a-minute romp...

8 Feb 201624min

Episode 13: How a Professor Won Gambling on an Obscure Sport

Episode 13: How a Professor Won Gambling on an Obscure Sport

Episode 13: Everyone dreams of being able to win almost every time when gambling. Of course, whether it's blackjack, horse betting, poker or the stock market, it's really hard to consistently win. But...

1 Feb 201625min

Episode 12: How a Consultant Foresaw the 2015 Commodities Crash

Episode 12: How a Consultant Foresaw the 2015 Commodities Crash

On this episode, co-host Tracy Alloway is joined by Bloomberg Markets reporter Luke Kawa for a journey back in time. As the global elite mingle at the World Economic Forum's annual meeting in Davos, S...

25 Jan 201623min

Episode 11: How David Bowie Became a Financial Product

Episode 11: How David Bowie Became a Financial Product

When the world lost David Bowie this month, it lost one of modern music's undisputed geniuses. Less well-known is Bowie's contribution to the financial world. In this episode of Odd Lots, hosts Tracy ...

19 Jan 201633min

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