Neil Dutta

I have no idea.

I want to get your guys' take on this.

A listener emailed us about the labor market.

He said, many of the distractors of this bull market, I think he meant detractors, often say the lack of jobs and the lack of good high-paying jobs and knowledge services are reasons for doubt and concern.

The latest report from the Bureau of Labor shared that the number of job openings is now at a two-year high with 7.6 million open jobs.

More interesting is that the largest jump in openings was in professional and business services, adding 668,000 positions.

Combined with the past two months of higher than expected non-farm payroll data, do we think sentiment is ready to turn and finally embrace

that AI is not going to eat all the jobs and is in fact helping to grow and create opportunities for workers?

Oh, well, here's a more tangible example.

Here's more tangible reading.

Initial jobless games.

Was it last summer when they started to go up and people were getting, I'm sure, I know Josh said this.

These don't usually slow down.

Like this is the ultimate object in motion stays in motion.

And they did slow down.

They peaked and then they normalized.

Are you guys surprised at the low level of initial claims?

Just how like okay the labor market has been?

Well, also, don't you think it's just so, it would be so deeply unpopular for JP Morgan, for example, to start doing massive layoffs.

Like, do you think that companies, and I know JP Morgan's an extreme example, but do you think companies in the aggregate have any sort of hesitation to do that for fear of some sort of retaliation by either their own workforce or larger forces that play, political forces or the such?