What to Expect From the July Jobs Report

The transcript discusses the upcoming US payrolls report, expecting a slight job increase and stable unemployment. It highlights a tight labor market with minimal jobless claims rise and significant productivity gains, reducing unit labor costs. The Federal Reserve's next meeting is in September, with progress seen in economic indicators. The pandemic's effects linger, but companies are prepared for a potential recession. Inflation has decreased without rising unemployment, challenging historical models.

What strategies are companies employing in anticipation of a potential recession?

Discuss the relationship between inflation and unemployment as mentioned in the text.