Cool your jets! Hold your horses! Slow your (manufacturing) roll!
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 5 April 2024
⏱️ 30 minutes
🧾️ Download transcript
Summary
Treasury Secretary Janet Yellen is back in China, less than a year since her last visit. In 2023, she was focused on gently reopening communication channels. This time she has a clear message: You’re making too much stuff. In this episode, why the U.S., Japan and some European countries are pressuring China to slow its manufacturing sector. Plus, we’ll hear from cargo ship workers stranded in Baltimore and learn about the welder shortage.
Transcript
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| 1:15.0 | Among the adjectives I've seen to describe today's jobs numbers from the Labor Department, |
| 1:21.0 | Blockbuster, blowout. The one that feels right to me though, resilient. From American public |
| 1:27.3 | media, this 5th. Great to have you with us on this jobs day and what a headline |
| 1:46.6 | 303,000 jobs added last month. For reference, economists were expecting around 200,000. |
| 1:54.0 | Meanwhile, the unemployment rate ticked down just a touch to 3.8%. |
| 1:59.3 | It's been below 4% now for more than two years, the longest streak since the 1960s. |
| 2:06.2 | To talk about what all of this means about the economy and for interest rates, we have |
| 2:10.1 | Catherine Rampell at the Washington Post and Gina Smilick at the New York Times. |
| 2:14.6 | Great to have you both here. |
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