Employment Is “As Good As It Gets.” What Does It Means Politically?
Brian Lehrer: A Daily Politics Podcast
WNYC Studios
4.4 • 676 Ratings
🗓️ 8 April 2024
⏱️ 23 minutes
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| 0:00.0 | from WNYC Studios. I'm Brian Lehrer. This is my daily politics podcast. It's Monday, April 8th. |
| 0:14.4 | We'll talk about the U.S. economy now and connect it to the presidential election year. |
| 0:19.6 | The economy in most elections is issue number one, |
| 0:22.4 | and in case you missed it, the jobs report for March came out on Friday and once again exceeded |
| 0:27.6 | economists' expectations with a net gain of more than 303,000 jobs. |
| 0:33.2 | So we have headlines like these. |
| 0:35.3 | From the AP, another month of robust U.S. job growth points to |
| 0:39.3 | continued economic strength from Axios. The March jobs report was as good as it gets. Here's |
| 0:45.3 | why. And the first reason that they gave is that unemployment has remained below 4% for 26 months |
| 0:51.9 | from NPR. Construction hiring booms in overall strong jobs report. |
| 0:58.8 | The lead line in the Wall Street Journal story was, the U.S. economy is rapidly adding jobs, |
| 1:04.3 | but not in a very inflationary way. And from ABC, hinting at the political connection, |
| 1:13.7 | blockbuster jobs report flexes economic strength defying Americans' lukewarm attitudes. So those are some representative headlines from |
| 1:20.2 | Friday. Of course, those lukewarm attitudes tend to be connected to inflation and interest |
| 1:24.6 | rates, even as people have jobs, get paid and are spending quite a bit, |
| 1:30.0 | according to stats from the government. So let's try to figure out what it all means, |
| 1:34.4 | economically and politically, with Megan Cassella, CNBC correspondent covering the intersection of |
| 1:41.2 | Wall Street and Washington. She's also covering Treasury Secretary |
| 1:44.7 | Yellen's trip to China, and we'll talk about that too. Megan, thanks for coming on. Welcome |
| 1:49.3 | to WNMRC today. Thanks so much for having me. Happy to be here. Can you start with more about the |
| 1:55.0 | jobs report? I saw expectations were for about 200,000 net new jobs in March, and it came in at more than 300,000. |
| 2:03.5 | Where were the biggest surprises? |
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