# Curb Your (Job Market) Enthusiasm

Page: https://stenobird.com/podcast/moody-s-talks-inside-economics-3677209/curb-your-job-market-enthusiasm
Text version: https://stenobird.com/podcast/moody-s-talks-inside-economics-3677209/curb-your-job-market-enthusiasm.md
Podcast: [Moody's Talks - Inside Economics](https://stenobird.com/podcast/moody-s-talks-inside-economics-3677209)
Published: 2026-04-03T17:26:48+00:00
Episode link: https://moodys-talks-inside-economics.simplecast.com/episodes/curb-your-job-market-enthusiasm-sVOP_V2w
Audio file: https://afp-922722-injected.calisto.simplecastaudio.com/411a7612-6f84-4cde-a10a-44f7817d62ef/episodes/e61d63ee-d39f-4d12-96ce-c2757df70ad0/audio/128/default.mp3?aid=rss_feed&awCollectionId=411a7612-6f84-4cde-a10a-44f7817d62ef&awEpisodeId=e61d63ee-d39f-4d12-96ce-c2757df70ad0&feed=4LZRim3c
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JSON: https://stenobird.com/v1/public/podcasts/moody-s-talks-inside-economics-3677209/episodes/curb-your-job-market-enthusiasm
Duration seconds: 4235

## Resource

The Inside Economics crew (minus Dr. DeAntonio) parses the March jobs report, which came in surprisingly strong. They all agree that the headline number is deceptive and the labor market is actually quite weak and poised to weaken further in the wake of the conflict in the Middle East. Mark unveils his new take on the Sahm Rule indicator, which points to a surprising conclusion. The stats game is back (and not going anywhere), and the team takes several good listener questions.

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## Transcript

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