Bloomberg Surveillance Weak Jobs & Inflation Jitters
12 snips
Mar 6, 2026 
Kevin Gordon, senior investment strategist at Charles Schwab, speaks on diversification and when geopolitical events hit corporate earnings. Eric Van Nostrand, CIO at Lazard Asset Management, unpacks geopolitical and energy risks and inflation upside. Claudia Sahm, chief economist at New Century Advisors, analyzes labor-market shifts, payroll surprises, and wage trends. Multiple short, focused conversations on risk, markets, and jobs.
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February Jobs Shock Reverses Recent Momentum
- The U.S. lost 92,000 jobs in February, reversing expectations of a 55,000 gain.
- The two-month payroll revision subtracted 69,000, making the short-term labor reversal materially worse than markets expected.
America Is In A Jobless Expansion
- Claudia Sahm calls the economy a 'jobless expansion' where GDP rose last year despite near-zero net job creation.
- February's net loss of 90,000 jobs reinforces that unusual dynamic and means stabilization hopes faded.
Immigration Slowdown Is Dragging Labor Supply
- Immigration declines have directionally reduced labor supply and contributed to the fall from hundreds of thousands of monthly hires to near zero.
- Claudia Sahm stresses this is a policy-driven supply shift, but demand for workers also remains insufficient.