With rising layoffs and hiring freezes, the latest data may expose cracks in the labor market that the market has been ignoring. Skyler Weinand, founder and CIO of Regan Capital, joined TheStreet to discuss why the report could signal trouble ahead.
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Full Video Transcript Below:
SKYLER WEINAND: Yeah in anticipation of tomorrow’s jobs report. The surprise is really mostly to the downside Okay, so we had bad claims numbers today. Bad unemployment numbers in terms of people going on unemployed roles. So now it’s a matter of can we sustain 100,000, 200,000 job prints month over month in light of read the news, read about, you know, the headlines I’m seeing every day is layoffs and, you know, job freezes for new hires.
So when we think about where the market’s going, the word is complacency. You know the market’s not really looking at what’s going on in real time. They’re kind of hoping and praying that tariffs don’t occur, that they get pulled back. You know, so I would be a little bit more conservative going into the summer here. And there’s a lot more downside than there is upside in jobs numbers.
