In this episode, Scott Becker discusses key economic indicators—rising unemployment, strong job creation, and falling oil prices.
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This is Scott Becker with the Becker Private Equity and Business Podcast. Today's discussion is jobs, unemployment, and oil. So here's what's going on with these three. If President Trump wanted to help fight energy inflation,
The good news is he's doing a good job because oil is falling precipitously, but maybe for the wrong reason that we're moving towards a worldwide recession where people use less energy. So oil prices down significantly. Jobs. And this is the challenge for President Trump, for Chairman Powell. jobs in March created were pretty good, 230,000.
And that's only a problem because you almost see job creation to slow down for Powell to put the brake on rates and feel like he's really got to lower rates. At this point, he's not going to do so until he sees that jobs are really slowing down. And third, the third issue, which I think is fascinating, is unemployment did tick up to 4.2%. Again, I know that President Trump, J.D.
Vance are hoping at some point for a rebound in that. in that unemployment rate as maybe more manufacturing jobs will back here. But it is going to be a rocky time as we start to get towards that. The market's now fallen over the last week about 10% between the S&P and the NASDAQ. For those of us that are ardent market watchers, that is no fun. But we'll see what happens.
Again, jobs, unemployment, oil, trifecta. Thank you. thank you very very much
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