Eric Pachman of Data 4 The People joins Matt Zeigler to explain why headline employment and inflation data may be giving investors an incomplete picture of the U.S. economy. They examine falling labor force participation, Medicaid-funded healthcare jobs, wage quality, oil and diesel shortages, consumer financial stress and how AI can make public data more useful.
Why the establishment survey and household survey can tell very different labor market stories
Why unemployment may miss weakening labor force participation and disappearing working-age Americans
The decline in participation among older workers and men
How healthcare and Medicaid-funded care have become the engine of U.S. job growth
Why Medicaid cuts could create a major employment and consumer spending risk
What occupational wage data reveals about the quality of new jobs and home healthcare pay
The differences between CPI, PCE and core inflation and why the standard measures can be misleading
How crude oil grades, refinery design and 3-2-1 crack spreads shape energy prices
Why falling diesel inventories could spread inflation through transportation, food and retail
What the single-income stress test reveals about household fragility, poverty and multiple-job holders
How Data 4 The People is using AI to build public-interest data research tools
Timestamps
00:00 Intro 04:41 Why the unemployment rate can miss a labor crisis 11:24 Healthcare jobs, aging America and the Medicaid care economy 18:44 The Wage Ledger and the hidden quality of U.S. job growth 24:18 Why inflation is moving higher 30:48 Why every equity investor needs to understand oil 36:00 Crack spreads and the refinery mismatch problem 44:05 Why diesel is the inflation risk that matters most 48:34 The single-income stress test and consumer fragility 54:42 Data 4 The People's nonprofit mission 59:00 Building an AI research assistant for public data 01:03:37 Where to follow Eric and Data 4 The People
No information discussed in this podcast should be construed as investment advice. Securities discussed may be held by the hosts and guests, their firms or their clients.
Podden och tillhörande omslagsbild på den här sidan tillhör
Excess Returns. Innehållet i podden är skapat av Excess Returns och inte av,
eller tillsammans med, Poddtoppen.
