What These Key Employment Numbers Mean for the Economy AUG. 05, 2022

It’s Jobs Friday, which means today is all about employment. The July Non-Farm Payroll numbers will be out today, with job growth expected to slow as the Fed continues hiking rates in an effort to reduce inflation. Apex Financial President Lee Baker gives his thoughts on what to expect. Plus, one area of the labor market experiencing major hiring headwinds is tech, as Alphabet, Amazon, Apple, Microsoft, and Spotify tapping the brakes on hiring. ZipRecruiter Chief Economist Julia Pollak explains what this means for the broader U.S. economy. And, what is the job market saying about a possible recession? Ally Invest Chief Strategist Lindsey Bell weighs in.