Jobless Claims

Good morning readers. Phil Rosen here. It's jobs day today. 

If the reading comes in too hot, the Fed's going to have even more ammunition to push interest rates higher in the coming months — and every move higher tightens the screws on the economy even more, ramping up risk of a recession. 

Good morning. I'm senior reporter Phil Rosen. 

Thursday's jobs data showed the labor market right now basically resembles the opposite of what it should look like ahead of a recession. It's as robust as ever, even as fears of a downturn have yet to abate. Not to mention the economy itself, which is still growing.