Report|18 May 2026

Macro Pulse U.S.: Jobs Rebound, but Labor Concerns Persist

The latest payroll data from the Bureau of Labor Statistics (BLS) suggests an improving labor market backdrop; however, excluding lower-wage sectors reveals a more restrained picture of labor demand and underlying economic momentum.

In the latest 3 Things in Credit, KBRA’s Chief Markets Strategist Van Hesser discusses whether the recent jobs rebound marks a durable inflection point and why labor market breadth remains central to the growth and policy outlook. Listen to Van Hesser’s insights on: Apple Podcasts | YouTube Music | Spotify or visit

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