How Wall Street Views the U.S. August Jobs Report

The transcript discusses the solid payroll report and its implications for the market, including potential interest rate hikes and effects on the equity market. It highlights concerns about wage growth and its impact on economic indicators. The discussion also covers labor market dynamics, questioning the source of continued job growth despite expectations of a slowdown. The conversation suggests that as the Fed funds rate approaches neutrality, good economic news might negatively impact risk assets.

In what ways does the speaker describe the labor market's current state?

What does the speaker mean by 'good news may be bad news for risk assets'?