#lLancasterCounty: Economy healthy, respondents gloomy. Jim McTague, former Washington Editor, Barrons. @MCTagueJ. Author of the "Martin and Twyla Boundary Series." #FriendsofHistoryDebatingSociety
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 8 June 2024
⏱️ 9 minutes
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Summary
#lLancasterCounty: Economy healthy, respondents gloomy. Jim McTague, former Washington Editor, Barrons. @MCTagueJ. Author of the "Martin and Twyla Boundary Series." #FriendsofHistoryDebatingSociety
https://www.wsj.com/economy/jobs-report-may-unemployment-economy-2aee1a4f?mod=hp_lead_pos2
1945 Lancaster County, PA
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| 0:00.0 | This is CBSI and the world. I'm John Bachelor. |
| 0:07.0 | Lancaster County, the best county in the Keystone State, the best state in the Union, the one that will determine the presidency and whether |
| 0:15.3 | we're happy or not in 2025. |
| 0:18.1 | Jim McTae, former Washington editor of Barron's, he now lives in Lancaster County as a novelist, but he's taking road trips and |
| 0:25.1 | we're going to go with him to Baltimore. First, however, we pause at the |
| 0:30.8 | mystery of the jobs number. The US posted surprisingly large gains, |
| 0:35.8 | Wiesewall Street Journal, in both jobs and pay, even though the unemployment |
| 0:40.1 | rate ticked up to 4%. U.S. job growth bursts past expectations, writes the |
| 0:46.4 | journal, even as the unemployment rate edged up, presenting a mixed view of a |
| 0:52.4 | labor market. |
| 0:53.2 | No kidding. |
| 0:53.8 | Jim, a very good evening to you, the old mixed view verdict from the journal. |
| 0:58.0 | Now, we're waiting on the Federal Reserve to at least begin the idea of making money a little cheaper. |
| 1:06.0 | It's more expensive than it had been in two decades. |
| 1:09.4 | However, a positive jobs number does not support the Fed's idea that we're in a recession or near two. |
| 1:16.0 | So your memory of covering these jobs numbers for years, |
| 1:20.0 | the Fed is it at this moment disposed to give us a cut, make money cheaper, or is it the |
| 1:29.3 | opinion that inflation is not dead? |
| 1:32.2 | They're growing, they're hiring, so we don't need to do anything for them. |
| 1:35.6 | Good evening to you, Jim. |
| 1:37.6 | Good evening, John. They don't feel like they have to do anything because the last time they did something the middle class was |
| 1:44.5 | screaming bloody murder but the middle class is doing well the upper classes |
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