Daire MacFadden
speaker
144 appearances
2 recordings
1 series
first heard May 2026
last heard 9 Jun
Daire MacFadden’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in Jun 2026 with 1.
Appearances
Let's go back to Friday.
Friday was bad.
And the reason it was bad was a jobs report that was actually quite good.
So in the US, one of the key economic indicators we pay a lot of attention to is the non-farm payrolls that comes out from the Bureau of Labor Statistics once a month.
Last Friday, we got the report for the number of jobs created in May of
And it came in far above expectations.
There were 172,000 jobs created, more than double the market was expecting.
Yeah, there's something kind of weird about that, actually.
55,000 of the jobs that were created in May were government jobs.
And that's not normal.
Normally, we'd expect to see around 14,000 jobs a month in government.
But for some reason, this time around, there was this very heavy contribution from government.
Yeah, so in that respect, it actually did pretty well.
There were 70,000 new jobs created in leisure and hospitality.
Some of that is probably that we're heading into the summer season.
We've got the World Cup starting in the U.S.
very soon.
Well, yeah, the market reaction just got a bit silly, in my opinion.
And partly that's because if you have a jobs report coming in that more than double the market expects, that suggests that the economy might be re-accelerating.
Things are heating up.
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