Looking Under the Hood of the U.S. Jobs Report

The transcript discusses the economic survey results, highlighting the Fed's positive view despite market skepticism. It examines unemployment trends by education level, indicating a positive labor market shift. The Fed's interpretation of data suggests readiness for interest rate changes, while the market's reaction is seen as lacking depth. Wage trends show slight increases, indicating economic slack. The overall economic outlook is positive, with growth expected to continue, despite past risks like Brexit.

What is the speaker's view on the market's reaction to the economic data?

What factors contributed to the soft patch in economic data mentioned in the text?