Higher wages, fewer temp workers and indicators of the year results
The Indicator from Planet Money
NPR
4.7 • 9.5K Ratings
🗓️ 6 January 2024
⏱️ 10 minutes
🧾️ Download transcript
Summary
Related episodes:
The Indicator of the Year (Apple / Spotify)
Predicting next year's economic storylines (Apple / Spotify)
The money illusion
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Transcript
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| 0:00.0 | NPR. This is the indicator from Planet Money, I'm Darin Woods. |
| 0:14.8 | And I'm Whelan Wong, and today is Jobs Friday. |
| 0:19.0 | Oh my gosh, you can hear the celebratory air horn that we use to mark the first |
| 0:25.9 | Friday of the month when we reach into the latest jobs report from the Bureau of |
| 0:29.8 | Labor Statistics. We want to find insights into how the economy is working for regular people. |
| 0:37.0 | And even more than the stock market or gross domestic product, we love this report because jobs and |
| 0:44.8 | wages and all the other goodies in there, that's where we see how the economy is |
| 0:49.2 | working for regular people, not just investors. And last month it worked well. The US economy added a |
| 0:56.0 | healthy 216,000 new jobs and people got raises, lots of them. |
| 1:01.2 | I like to check where the new jobs come from and a lot of them were in government and |
| 1:05.6 | health care and social assistance. They made up 51% of net new jobs. But of course |
| 1:11.9 | there are more stories to pluck from the numbers as we do |
| 1:15.1 | here on the indicator and so after the break we're going to take a closer look at |
| 1:19.0 | two of the most interesting indicators from the jobs report. Plus, stick with us for the dramatic reveal of who won |
| 1:26.3 | are indicators of 2023 and 2024. Support for this podcast and the following message come from Dignity Memorial. |
| 1:38.6 | When your celebration of life is prepaid today, your family is protected tomorrow. |
| 1:43.4 | Planning ahead is truly one of the best gifts you can give your family. |
| 1:47.4 | For additional information visit dignity memorial.com. |
| 1:51.1 | All right, Jobs Friday, you go first, Wailen. |
| 1:55.0 | Okay, my indicator is 2.8 million. |
| 1:59.0 | That is the number of temporary workers in the economy, |
| 2:02.0 | according to the newest jobs report and it's |
... |
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