Jobs Day

Jobs Day

From NAB Morning Call by Phil Dobbie

June 4, 2026 · 14 min · Season 10 · Episode 121

About this episode

Phil Dobbie discusses U.S. non-farm payrolls data and its implications for the economy with guest Ken Crompton.

Friday 5th June 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services - NAB Tonight's highly anticipated U.S. non-farm payrolls data follows a week of highly conflicting signals from the American labour market. So, what will today’s data reveal about underlying economic momentum? Also, can the market’s rampant "buy the dip" equity mentality survive a potential rotation out of over-stretched tech stocks? Phil is joined by NAB's Ken Crompton to discuss this and the shifting risk sentiment which saw oil prices retreat on speculative Israel-Lebanon peace headlines. They also discuss RBA Governor Michelle Bullock’s Senate testimony, questioning whether a hawkish pause and stickier supply-shock inflation will ultimately force a definitive interest rate hike this August. Hosted on Acast. See acast.com/privacy for more information.

People in this episode

Host: Phil Dobbie

Guest: Ken Crompton

Topics covered

  • U.S. labor market
  • economic momentum
  • equity market
  • interest rates
  • inflation
  • oil prices
  • RBA

Keywords

  • non-farm payrolls
  • labor market
  • interest rates
  • inflation
  • oil prices
  • RBA
  • economic momentum

Mentioned in this episode

Organizations: NAB

Places: U.S.

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