Stephen Kates and Cory Stahle cover the labor market. Stephen calls it “stable but not strong,” while Cory compares it to one foot in a “pan of boiling water” and one in “an ice bath.” Cory digs into the data at the household level and how current conditions are weighing them down, potentially leading to economic cracks. Stephen highlights the volatility of the last few jobs reports and says investors need to focus on the overall trend rather than one month’s number. He also notes how healthcare is propping up the job market.