America’s employers added 272,000 jobs in May, accelerating from April - despite persistently high interest rates.

Devon Funds Management Head of Retail, Greg Smith, told Mike Hosking “Despite all this, the unemployment rate has ticked up to 4 percent.”

Smith said “We’re seeing plenty of new jobs, but some of the old ones are going – I suppose some industries are cutting back as the economy softens.”

LISTEN ABOVE.

America’s employers added 272,000 jobs in May, accelerating from April - despite persistently high interest rates. 
Devon Funds Management Head of Retail, Greg Smith, told Mike Hosking “Despite all this, the unemployment rate has ticked up to 4 percent.” 
Smith said “We’re seeing plenty of new jobs, but some of the old ones are going – I suppose some industries are cutting back as the economy softens.” 
LISTEN ABOVE.

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...

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Greg Smith: Devon Funds Management Head of Retail on boost in USA job market

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/a2586086-145c-4589-93ab-b18a0150c9c5/transcript