The latest report from the US Labor Department says national job growth in July surged a whopping 528,000, a massive number that defied expectations, with the unemployment rate dipping to a 50 year low. The Conversation takes a look at the numbers. “There are conflicts here that are really deep and significant,” says DICK BOVE, chief financial strategist at ODEON CAPITAL GROUP, referring to the stark differences between two government labor market surveys, one reporting massive job gains, the other massive job losses. “If you dive deep into the data, you will see lots of the jobs created are second and part time jobs,” says MAT VAN ALSTYNE, ODEON co-founder and managing partner. “People are stretching to make ends meet.”

Joined by journalist, JOHN AIDAN BYRNE, the CONVERSATION offers a new perspective on the state of the labor markets. “More than half of the new jobs reported as created were in the low-wage sector,” says BYRNE. With analysis and research by BOVE, the CONVERSATION unpacks the data to see where growth is slowing and rising in the US economy, examining durable goods and other sectors. BOVE has a grim assessment on productivity and how this could impact the labor markets in the coming months. The CONVERSATION reports on changes at the top of Bank Supervision at the Federal Reserve. Also, BOVE reports that the Fed has finally started to taper, as he gives us some numbers and analysis on this as well as on inflation and global currency instability. Reshoring, bringing back jobs to America is a hot topic in boardrooms. Listen to the CONVERSATION and find out more on this and our other topics.

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