How low can it go?
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 19 February 2025
⏱️ 28 minutes
🧾️ Download transcript
Summary
At the national level, 2.5% is the lowest the unemployment rate has ever been … and that was for just two months in 1953. We’re at 4% right now, but the labor market is pretty tight. In this episode, we ask: How low can unemployment go? Plus, Samsung buys back stock and retires shares, the Fed is thinking about tariffs and a program that teaches refugees to drive runs out of gas, thanks to President Trump’s immigration policy.
Transcript
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| 0:00.0 | It's the sound of another sale on Shopify, the all-in-one commerce platform to start, run, and grow your business. |
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| 0:35.3 | Sign up for a one pound per month trial at Shopify.com.uk. |
| 0:40.0 | U.K. slash Marketplace 22, all lowercase. Go to Shopify.com.uk.U.K. slash Marketplace 22 to take your business to the next level today. Shopify.co.com.uk slash Marketplace 22. |
| 0:57.8 | On the program today, we can't not do tariffs. |
| 1:01.9 | Sorry, we don't make the rules. |
| 1:04.5 | We'll do streaming video and the unemployment rates as well. |
| 1:07.8 | From American Public Media, this is Marketplace. |
| 1:19.6 | In Los Angeles, I'm Kyle Roosevelt, today, today the 18th of February. |
| 1:23.2 | Good, as always, to have you along, everybody. |
| 1:25.4 | We begin today with the observation that we are in week five of the second Trump administration, |
| 1:31.3 | which is to say it is very early days yet. |
| 1:35.8 | But all the same, some familiar economic themes are solidifying, first among them, |
| 1:39.6 | the ever-present threat of more Trump tariffs. |
| 1:42.1 | We start there because this is one of those weeks where |
| 1:45.1 | various and sundry Federal Reserve officials get, well, chatty with remarks scheduled from |
| 1:50.0 | regional Fed presidents and from members of the Board of Governors in Washington. And the |
| 1:54.4 | question they are trying to answer as they steer this economy through the chaos is this. Do |
| 1:59.8 | tariffs lead to one-time price increases? And so |
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