The 9Innings Podcast

Kevin Thompson, RICP®, CFP®

Econ 101: 📊 The Economic Numbers Just Dropped, What Is the Jobs Data Telling Us?

OCT 6, 202619 MIN

Description

In this episode of the 9innings Podcast: GDP is growing, yet September added just 29,000 jobs, and households are spending more even as real disposable income stays roughly flat. In this Econ 101 episode, Kevin looks beneath the headline numbers to trace how lower savings and rising consumer credit may be helping sustain spending, and why that could become a strain if incomes don’t catch up. He also considers the brighter explanation: businesses may be producing more with the same workforce as technology boosts productivity. The takeaway isn’t a recession call, but a closer look at the gap between economic output and household financial health, and the four figures that could show whether that gap is widening. Employment Growth and Labor-Force Participation (00:01:04) GDP Growth and Productivity (00:03:33) Savings, Credit, and Household Finances (00:09:02) How Credit Can Shift Future Consumption (00:10:21) Productivity as a Positive Explanation (00:13:03) A Mixed Picture of Economic Health (00:14:15) Four Indicators to Watch (00:15:36) Conclusion: Look Beneath the Headline Numbers (00:17:05) NEWSLETTER (WHAT NOW): https://substack.com/@9icapital?r=2eig6s&utm_campaign=profile&utm_medium=profile-page Follow Us: youtube: / @9icap Linkedin: / kevin-thompson-ricp%c2%ae-cfp%c2%ae-74964428 facebook: / mlb2cfp Buy MLB2CFP Here: https://www.amazon.com/MLB-CFP%C2%AE-90-Feet-Counting-ebook/dp/B0BLJPYNS4 Website: http://www.9icapitalgroup.com Hit the subscribe button to get new content notifications. Corrections: Editing by http://SwoleNerdProductions.com Disclosure: https://sites.google.com/view/9idisclosure/disclosure