Job Losses, Rising Gas Prices, and War Overseas Investors Weigh the Economy's Next Move

The U.S. economy unexpectedly lost 92,000 jobs last month, pushing the unemployment rate up to 4.4 percent and raising new questions about the strength of the economic recovery. The report comes at a time when investors are already closely watching several pressure points in the economy, including rising gas prices, stock market volatility, and growing geopolitical tensions overseas. With gasoline approaching $5 per gallon in California and the conflict with Iran threatening global energy supply routes, markets are trying to determine whether the economy is beginning to slow or simply pausing after a period of growth. Ted Thatcher, president of Bright Lake Wealth Management joins Alicia Summers to discuss which sectors experienced the largest job losses and what that could signal about the economy's direction. He also addressed concerns that higher oil prices and disrupted shipping lanes could reignite inflation, while weighing where investors may still find opportunities amid uncertainty driven by artificial intelligence disruption, geopolitical conflict, and signs of a softening labor market.

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