Where the Jobs Are 9/1/23

The Labor Department released its latest employment data, revealing 187,000 new jobs added to the U.S. economy in August. CNBC reporters Rick Santelli and Steve Liesman discuss whether the unemployment rate, which ticked up to 3.8%, will inform the Federal Reserve’s monetary policy moving forward. President Obama’s former chief economic advisor Betsey Stevenson, Nuveen’s CIO Saira Malik, and former deputy director of the National Economic Council Andrew Olmem discuss the data and the influence it will have on interest rate hikes in the second half of the year. 

 

In this episode:

Melissa Lee, @MelissaLeeCNBC

Scott Wapner, @ScottWapnerCNBC

Steve Liesman, @steveliesman

Rick Santelli, @RickSantelli

Cameron Costa, @CameronCostaNY