1394: What the Heck Is Happening with Jobs?

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 1.9K Ratings

🗓️ 10 August 2022

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

The job market appears to be holding up with a 3.5% unemployment rate, but it's uncertain how long that will last in a cooling economy. Guest Jesse Rothstein, Chancellor's Professor of Public Policy and Economics at University of California, Berkeley offers his take on the current health of the job market and what we can expect in the coming months. Read more in Farnoosh's latest piece or CNET: Why Is the Job Market Strong? And More Employment Questions We Can't Help but Wonder Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	So money is brought to you by CNET, the site that shows how to navigate change all around us.
0:06.5	So money episode 1394, what the heck is going on with this job market and more of your employment
0:13.1	questions answered with Berkeley economist Jesse Rothstein.
0:30.0	And from far nuisance, looking for ways to save on gas or double your double coupons?
0:36.4	Sorry, you're in the wrong place. Seeking profound ways to live a richer,
0:40.6	happier life. Welcome to so money.
0:45.2	Employers are not generally in the habit of giving out raises just because they feel like it.
0:50.4	They give out raises because they need to in order to attract and retain workers.
0:54.3	Right. And so...
0:55.3	And so...
0:55.6	And so...
0:55.8	And so...
0:56.4	Exactly. And in a labor market where there are lots of jobs out there,
0:59.5	employers are not going to enjoy it, but they're going to have to give raises to keep their workers.
1:04.2	And if they're making profits, if they're the demand for their products is strong,
1:08.9	they'll be able to make those...
1:10.7	They'll be able to give those raises out.
1:13.3	And so as long as we can keep the labor market kind of strong,
1:16.5	I think that's the situation circumstances in which we'll see wages.
1:20.2	Welcome to so money, everybody. I'm Farneesh Tarabi.
1:22.9	If you're like me and you're looking at the latest jobs number,
1:26.8	which shows a 3.5% unemployment rate in actual dip from the previous months,
	...

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