It’s simple: this is the “perfect” job report. What is not to like?. It is better than expected without being too strong, and it does not look directly inflationary. Markets understood this well and reacted only modestly to the release. Over the medium term, the report looks rather positive for risk assets, especially in a context where investors remain alert to possible inflation risks.

2026-05-08

It’s simple: this is the “perfect” job report. What is not to like?. It is better than expected without being too strong, and it does not look directly inflationary. Markets understood this well and reacted only modestly to the release. Over the medium term, the report looks rather positive for risk assets, especially in a context where investors remain alert to possible inflation risks.