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The Peter Schiff Show Podcast

Employees Returning to Work Is Not Job Creation – Ep 674

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.75.8K Ratings

🗓️ 2 April 2021

⏱️ 53 minutes

🧾️ Download transcript

Summary


* Restored jobs will be lost again permanently.
* Gold bulls throwing in the towel.
* Archegos is a lesson for Bitcoin HODLers.
* Derek Chauvin’s trial begins with odds against him.
* Media ignores murderers if they’re the wrong race or gender.
* Hate Crime laws will lead to Thought Crime laws.

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Transcript

Click on a timestamp to play from that location

0:00.0

I'd like to thank Indeed for continuing to support my podcast.

0:13.9

Indeed is the job site that makes hiring as easy as 1, 2, 3.

0:19.0

Posts, screen and interview all on Indeed.

0:22.6

You can get started right now with a free $75 credit to upgrade your job posts at indeed.com

0:29.1

slash Peter offers valve through June 30 terms and conditions do apply.

0:35.5

Well, the US stock indexes were all closed today in observance of the good Friday holiday,

0:43.6

but that didn't stop the labor department from releasing the non-farm payroll report

0:50.5

for March.

0:51.7

And there was a lot of anticipation surrounding this report.

0:56.0

In fact, there were some whisper numbers that the number would come out above 1 million

1:01.6

jobs created during the month.

1:04.2

But the official consensus was about 658,000 jobs.

1:10.5

We ended up coming in at 916,000 so near the high end of expectations, but not above that

1:18.6

whisper number of 1 million jobs.

1:21.9

But they did operatively revise the original estimate for February originally reported at

1:29.4

379,000 jobs.

1:32.5

That was operatively revised to 468,000 jobs.

1:37.4

The official unemployment rate also declined as expected from 6.2% to 6%.

1:45.5

But again, unofficially, the real rate remains well in excess of 10%.

1:50.7

I mean, I'm not really sure what it is.

1:52.7

You can look at the U6 number, which is still above that number, but the labor force participation

1:58.9

rate, while it did not jump from 61.4 to 61.5, that's still a very low number.

...

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