Jobs Friday: Return of the airhorn?

The Indicator from Planet Money

NPR

Business

4.7 • 9.2K Ratings

🗓️ 5 February 2022

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

The January jobs report exceeded the expectations of many. Will the better-than-expected numbers merit the return of our old friend the airhorn?

Transcript

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0:00.0	NPR.
0:02.0	This is The Indicator from Planet Money, I'm Daryl Woods.
0:14.6	And I'm C.C. Vannick Smith and Daryl?
0:17.2	It is Jobs Friday.
0:18.2	It's Jobs Friday, that is true.
0:20.8	The employment numbers for January are out today and you know everyone has been kind
0:25.6	of holding their breath on this one because of the Omicron variant.
0:29.9	It turns out we didn't actually need to worry about Jobs numbers.
0:32.6	The US added 467,000 jobs in the month of January.
0:37.2	It's a lot of jobs for just over four weeks.
0:39.8	Yes.
0:40.8	The unemployment rate actually went up a little bit to 4%, which sounds really confusing,
0:45.1	but people are saying that this is a sign that people who had dropped out of the workforce
0:48.9	entirely so they were not counted as unemployed are now coming back into the workforce.
0:54.4	They're throwing their hat into the ring and looking for a job.
0:56.9	So that seems like a healthy job market, which might mean...
1:00.9	I think I know where you're going.
1:03.7	I mean, don't you think we have to?
1:05.7	We have to.
1:06.7	We got it.
1:07.7	Let's do the Aihahn.
1:08.7	Love it.
	...

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