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KQED's Forum

How to Make Sense of the Weird U.S. Economy

KQED's Forum

KQED

News, Politics, News Commentary

4.2 • 726 Ratings

🗓️ 9 May 2022

⏱️ 56 minutes

🧾️ Download transcript

Summary

Various economic factors don’t seem to add up these days. Consumer spending is up year over year, but the country’s gross domestic product fell during the first quarter. Home values are higher than ever in many cities across, but 401k balances are taking a hit from stock market declines. Wages are finally inching up for some workers, but inflation is taking a bite out of purchasing power. Employers continue adding jobs, but worker participation in the workforce hasn’t bounced back. We dive into the contradictions in the economy and what it means for you. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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From KQED.

0:34.7

Thank you. From KQED.

0:49.9

From KQED in San Francisco, I'm Alexis Madrigal.

0:56.0

Every single day when I opened my email recently, there's a news alert waiting for me about the economy. But the problem is that half the time the news is great, tons of jobs, wages rising, the economy cranking,

1:02.0

and half the time it's terrible, a stock market sell-off, falling consumer sentiment, etc. What's going on?

1:09.0

We'll ask the experts to make sense of it for us if they can,

1:13.0

and we'll want to know from you how you decide if the economy is cooking or just cooked.

1:17.9

That's coming up next after this news. Welcome to Forum. I'm Alexis Madrigal.

1:39.1

The various economic metrics don't seem to add up these days.

1:42.9

Consumer spending's up year over year,

1:45.0

but the country's gross domestic product fell during the first quarter. Home values are higher

1:49.5

than ever in most cities, as just about every Bay Area resident knows. But don't check that 401k balance,

...

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