A labor market that’s cooling, but not cool

Marketplace

News, Business

4.6 • 8.5K Ratings

🗓️ 29 August 2023

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today, we learned that job openings fell in July. While it’s an indication that supply and demand in the job market are balancing out, there’s still a ways to go before that sought-after “soft landing” is achieved. Then, we turn to the housing market, looking at some homeowners who bypass high mortgage rates and others who bypass insurance. Later: the return of awkward business lunches.

Transcript

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0:00.0	Marketplace Morning Reports new Skin in the Game series explores what we can learn about
0:04.5	money and careers from the $300 billion video game industry.
0:09.4	Plus here how an Oakland-based program helps young people get the skills they need to break
0:14.0	into this booming industry.
0:16.0	Listen to Skin in the Game and more from the Marketplace Morning Report wherever you get
0:20.5	your podcasts.
0:23.3	The risk of repeating myself, jobs, also housing and the return of the business meal.
0:31.9	From American public media, this is Marketplace.
0:44.8	In Los Angeles, I'm Kai, Rizdole, it is Tuesday, today the 29th of August.
0:49.2	Good as always, to have you along, everybody.
0:52.2	Jobs is where we started yesterday.
0:55.1	Jobs is where we start today.
0:57.2	Jobs may well be where we start tomorrow, don't know yet because paychecks and who's
1:01.2	getting them are the heart and soul of making this economy go.
1:05.3	They are also not coincidentally at the heart of the big economic challenge right now.
1:10.4	Inflation and interest rates and where and whether Jay Powell and Federal Reserve might
1:15.7	be able to find a happy medium.
1:17.8	This week in his big speech, Jackson Hole, the Fed chair said, not for the first time,
1:22.3	the central bank is going to keep raising interest rates to bring inflation down if appropriate.
1:27.3	That's a quote, if appropriate.
1:29.1	I mentioned all that because we got new jobs, data today that the Fed can add into its
1:34.2	calculus.
	...

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