A closer look at unemployment and wealth gap data
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 19 October 2023
⏱️ 28 minutes
🧾️ Download transcript
Summary
Initial jobless claims dropped last week, according to the Labor Department, but continuing claims ticked up. That could mean companies are hanging on to employees, but aren’t hiring new ones, an economist told us. We’ll talk about that at the top of the show. Later, Black and Hispanic household wealth grew faster than other households from 2019 to 2022. But that growth is a bit of an illusion. In this episode, two data stories with lots of nuance. Plus, the U.S.-to-Mexico gun pipeline and revenge spending.
Transcript
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| 1:51.0 | Today on the show, we've got jobs, consumer spending, and a look into the process of making the dollars and cents we spend. |
| 1:59.0 | From American public media, this is Marketplace. |
| 2:03.0 | In New York, I'm Kristen Schwab and for Kyra's Doll. It's Thursday, October 19th. Good to have you with us. |
| 2:18.0 | Today we start with jobs and the resilience of the job market. It's something that's defined this era of inflation despite the federal reserve raising interest rates. |
| 2:28.0 | Jobless claims data from the Department of Labor shows the number of people filing for first time unemployment last week hit a nine month low. |
| 2:37.0 | Now, I know we've said this many, many times before that the labor market is tight. It keeps getting tighter and seems kind of unstoppable. |
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