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A “considerable slowdown” in wage growth

Marketplace

Marketplace

News, Business

4.68.5K Ratings

🗓️ 7 June 2023

⏱️ 28 minutes

🧾️ Download transcript

Summary

The Federal Reserve has tons of data to pore over before deciding whether to raise interest rates next week. Here’s one more: Research from employment website Indeed — a Marketplace underwriter — shows that wage gains are slowing and job postings are falling. We’ll discuss the impacts. Plus, why retailers rarely come back from bankruptcy and why we care about what CEOs think about the economy.

Transcript

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0:00.0

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0:02.8

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0:07.4

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0:12.4

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0:16.6

So please, become a Marketplace investor today at Marketplace.org slash donate

0:21.1

or just click the link in our show notes.

0:23.3

Quick!

0:25.8

Give me one word you would use to talk about this economy right now.

0:29.9

Stick around, I'll tell you my choice.

0:32.7

From American public media.

0:34.9

This is Marketplace.

0:37.4

In Los Angeles, I'm Kai.

0:46.2

Rizdole is Wednesday today, the seventh day of June.

0:49.8

Good as always to have you along.

0:51.4

Everybody, there is a four-letter word well-suited to use in describing this economy of late.

0:58.5

Data people, data, D-A-T-A.

1:03.9

And I'm thinking here in particular of its use to the Federal Reserve,

1:07.6

which meets next week to consider, again, what to do with interest rates.

1:12.0

Raise them one more time, skip a meeting, perhaps, pause for a while longer.

1:17.2

Whatever they are going to do, they will have had a slew of new data to consider

1:20.8

since their last meeting, including an update on wages.

1:24.4

Wage gains, that's the key part, right?

...

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