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Why Stocks Hated May’s Strong Jobs Report | Off the Clock

And what Trump's concert fail says about capitalism right now

In this episode of Off the Clock, I unwind the week’s economic news with my friend Stacey Vanek Smith—senior writer for Bloomberg Businessweek and cohost of the Everybody’s Business podcast.

The goal of this series is to help you understand what to actually be concerned about, what you can safely ignore, and where there’s even room for a bit of hope.

Together, we dig into May’s better-than-expected jobs report, the stock market’s confusing reaction, and the recent cancellations for Trump’s Freedom 250 celebration. I argue there’s an important economic story here—especially when you compare the rational choices of these artists to the tech industry’s relentless brown-nosing.

Then—in a new segment—we take a step back from the grind of a daily news cycle to appreciate broader economic trends that give us much more fodder for optimism. First up: inflation (yes, really!).

Editor’s Note: In our conversation, we mistakenly refer to Freedom 250 as America250. America250 is a bipartisan initiative established by Congress in 2016 to commemorate America’s 250th birthday. Freedom 250 is a separate, public-private initiative established by the Trump administration via executive order earlier this year.

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