Are we in a new era of inflation?
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 4 June 2021
⏱️ 11 minutes
🧾️ Download transcript
Summary
The Biden administration is banning Americans from investing in dozens of Chinese defence and surveillance technology companies, and US job creation is expected to have accelerated sharply in May which could signal an easing of labour shortages. Plus, the FT’s economics editor, Chris Giles, examines whether this current rise in prices is temporary, or whether inflation is back for an extended stay.
Washington to bar US investors from 59 Chinese companies
https://www.ft.com/content/91e6fb2a-6385-49b3-83aa-8044374805c4
Economists see accelerating US job growth in May payrolls data
https://www.ft.com/content/f38da494-2d09-4d8e-b39f-c531ee48ef3a?
FT Series Inflation: a new era?
https://www.ft.com/content/b6dfb1dc-eb86-4bad-87b0-d800b79195d3
United hopes to revive supersonic era almost 20 years after Concorde
https://www.ft.com/content/903b47e9-86b3-4e68-a5e4-414b142cc7b0
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Transcript
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| 0:00.0 | Good morning from the Financial Times. Today is Friday, June 4th. |
| 0:03.6 | And this is your FT News Briefing. |
| 0:08.4 | Today is the first Friday of the month, which means the latest US jobs report is coming out. |
| 0:13.3 | We'll look at why this one's particularly important. |
| 0:16.3 | Plus, stimulus measures and economic recoveries are leading to rising prices. |
| 0:21.2 | So we're going to have a deep chat with our economics editor, Chris Giles, |
| 0:24.6 | about whether we're entering a new era of inflation. |
| 0:28.0 | We're not necessarily going back to the 60s, 70s and 80s. |
| 0:31.7 | But for the first time in about 30 years, it's something that a series that we have to think about. |
| 0:37.4 | I'm Mark Filipino and here's the news you need to start your day. |
| 0:43.9 | The US government releases its latest monthly jobs report today. |
| 0:48.0 | And this is an important one because the last two reports told very different stories. |
| 0:53.2 | Economists and analysts expect today's unemployment report from May to provide more clarity |
| 0:58.3 | on the true shape of the recovery. The FT's Washington Bureau Chief James Politi is more. |
| 1:03.8 | I think that if we see a kind of strong increase in employment creation, |
| 1:09.4 | from the 266,000 level in April to something approaching the consensus, which is about 650,000 new |
| 1:18.4 | jobs created in May, I think it'll ease some of the concerns about labor shortages. |
| 1:24.1 | I think it will validate the idea that the April slowdown in job creation |
| 1:31.2 | was to certain extent due to these labor shortages, but that these could be gradually resolved |
| 1:37.1 | as people decide to sort of go back to work, as companies decide to pay more |
| 1:43.4 | in order to track people back to work. And that sort of a new equilibrium is being reached |
| 1:49.2 | that can bring back these 8 million jobs that are still sort of missing from pre-pandemic levels. |
... |
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