Hiring in the U.S. is slowing, but not too much
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 3 November 2023
⏱️ 2 minutes
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Summary
The October jobs report showed a relatively healthy 150,000 gain; White House hosts Americas economic summit; Sam Bankman-Fried convicted of fraud, conspiracy; Maersk announces layoffs as shipping demand softens.
Transcript
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| 0:00.0 | This marketplace podcast is supported by Principal Financial Group. |
| 0:04.4 | Facts are facts. |
| 0:06.0 | Employees want to feel financially secure in their future. |
| 0:09.6 | In fact, according to a 2023 study by principal, 87% of employers say that better employee financial |
| 0:16.8 | security means employees are engaged and productive at work. |
| 0:21.7 | At principal, they help you invest in your people. And when you take |
| 0:25.4 | care of your team, they take care of business. |
| 0:28.9 | Learn more at principal.com slash benefits. |
| 0:32.4 | Products and services offered by member companies |
| 0:34.6 | of the principal financial group, Des Moines, Iowa. |
| 0:37.3 | For important information, visit principal.com slash disclosures. |
| 0:46.0 | Hiring is slowing, but not too much. I'm Novosopho with a Marketplace minute. |
| 0:48.4 | The Labor Department's October jobs report today showed a gain of $150,000. |
| 0:53.2 | That's about half of September's total. |
| 0:55.7 | The unemployment rate ticked up, just a tenth of a percentage point. |
| 0:59.3 | The numbers suggest a healthy labor market, the one that is cooling, which is what the Federal Reserve |
| 1:03.7 | wants, a cooler labor market can reduce inflation. |
| 1:07.5 | The White House is hosting a summit of leaders from North and South American countries, |
| 1:11.7 | including Canada, Mexico, Chile, and Peru. |
| 1:14.8 | The topics are supply chains and developing more trade within the region. |
| 1:19.3 | A federal jury has convicted Sam Bankman Freed, founder of the collapsed cryptocurrency exchange, FTX. |
| 1:25.4 | He potentially faces more than a century in prison for fraud and conspiracy. |
... |
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