A jobs report catching everyone by surprise
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 6 October 2023
⏱️ 7 minutes
🧾️ Download transcript
Summary
A whopping 336,000 jobs were created last month, according to the Labor Department. That figure is way higher than expected. We discuss how investors might be feeling and what it means for the Federal Reserve as continues trying to tamp down inflation. But first, there are signs of progress in the United Auto Workers strike. Then, we check in with how Europe’s smaller, independent hotels faring.
Transcript
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| 0:00.0 | Possible signs of progress in resolving the UAW strike from Marketplace on Nancy Marshall |
| 0:07.7 | Genser in for David Brunacaccio. |
| 0:10.0 | Later today we expect to learn whether the United Auto Workers Union will expand its |
| 0:14.5 | strikes against Detroit's big three automakers. |
| 0:17.7 | There are signs of progress in the talks with GM Ford and Stellantis. |
| 0:21.4 | In past weeks the UAW has spared the company that's made the most progress from additional |
| 0:26.3 | strikes. |
| 0:27.3 | Marketplace's Novosafo has more. |
| 0:29.5 | The UAW strike still has plenty of room to expand. |
| 0:33.2 | Right now 25,000 union members are on picket lines. |
| 0:36.9 | In all the union represents nearly 150,000 Ford, GM and Stellantis employees. |
| 0:42.8 | UAW President Sean Fain is scheduled to make an announcement today at 2 p.m. Eastern via |
| 0:47.7 | Facebook Live and in previous Friday announcements including last week he has expanded the strikes. |
| 0:54.3 | Our strategy is working. |
| 0:56.3 | We knew going into this fight that the road ahead was going to be difficult and we knew |
| 1:01.5 | that it was unlikely this would be quick. |
| 1:03.8 | The UAW is now picketing at more than 40 facilities in 21 states. |
| 1:08.2 | In the last few days Ford and GM have announced new counteroffers and there are reports that |
| 1:13.3 | the companies and the union are getting closer on key sticking points such as pay increases. |
| 1:19.1 | But there is still a lot of ground to cover. |
| 1:22.0 | The union is asking for significant pay hikes and cost of living increases, the restoration |
| 1:26.7 | of defined benefit pensions, the end to two tiered wage systems and commitments to unionize |
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