Insight - Feb. 3rd, 2023
Insight
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03-Feb-2023
Today on Insight, John and Josh Rosenstern discuss the employment numbers out for the month of January with the jobs numbers coming in at 517-thousand jobs created, which is much more than was expected. Brother Josh attributes the numbers to be in response to the number of people who have been living off of COVID relief/stimulus money and are now seeing the assistance ending and are, or will be, returning to work. Brother Josh explains the role of the Federal Reserve Bank in response to the inflation America is currently experiencing, with the most aggressive interest rate hikes in history. For the Federal Reserve Bank to accomplish what it needs to with regards to mandating price stability and looking after the labor market, it would actually need to see unemployment go up.
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