Adding American Indians and Alaska Natives to Jobs Friday

The Indicator from Planet Money

NPR

Business

4.7 • 9.2K Ratings

🗓️ 5 March 2022

⏱️ 9 minutes

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Summary

The Bureau of Labor Statistics has finally added American Indian and Alaska Native labor data to its monthly jobs numbers. Why it's important and how the Minneapolis Fed proved it was possible.

Transcript

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0:00.0	NPR.
0:11.8	This is the indicator from Planet Money, I'm Stacey Vannex Smith.
0:14.9	And I'm James Woods.
0:16.2	And it has been a rough weekend world news.
0:19.2	But today we're going to have a bit of a break and we're going to look at the American
0:22.3	jobs market because it's Jobs Friday.
0:25.8	It is Jobs Friday.
0:27.5	And February's numbers are 678,000.
0:32.3	That means 678,000 new people got hired last month, which is a solid speed up from January.
0:38.0	I don't know what you say, Deerian.
0:40.0	Air horn.
0:41.0	If this is not an air horn moment, I don't know what it is.
0:43.7	Celebrate the winds while we have them.
0:48.8	It's true, we got to celebrate the winds.
0:50.9	And every month we talk about that big jobs number, the number of jobs added to the economy.
0:56.0	But on Jobs Friday, the Bureau of Labor Statistics, the BLS, releases a bunch of other measures
1:02.0	about how the labor market is doing.
1:04.4	Things like unemployment and wages.
1:07.3	And you can look at some of the numbers by ethnicity and by race.
1:11.3	But there has been one major category that you couldn't see by itself every month.
1:16.8	The monthly employment rates for people who are American Indian or Alaska Native.
1:21.8	Until just this year.
	...

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