Mixed Messages in a Strong U.S. Jobs Market: Your Questions Answered
WSJ What’s News
The Wall Street Journal
4.1 • 4.2K Ratings
🗓️ 14 April 2024
⏱️ 12 minutes
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| 0:00.0 | The less your business spends the more margin you keep. |
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| 0:29.1 | I'm Luke Fargas. |
| 0:30.3 | And I'm Anne Marie Fertoli for the Wall Street Journal. |
| 0:32.6 | This is What's News Sunday, the show where we tackle the big questions about the biggest stories in the news. |
| 0:38.0 | We reach out to our colleagues across the newsroom to help explain what's happening in our world. |
| 0:43.0 | This week we're getting to the bottom of the current state of the labor market and making sense |
| 0:47.7 | of how a hiring boom can coexist with slowing wage growth and the many employment-related concerns that you called in asking about. |
| 0:56.0 | All right, let's get right to it. |
| 1:01.0 | How strong is the U.S US job market? |
| 1:05.0 | Well, just over a week ago, Labor Department non-farm payroll's data showed employers adding a seasonally adjusted |
| 1:12.0 | 303,000 jobs in March, |
| 1:15.0 | significantly more than the 200,000 that economists expected. |
| 1:20.0 | The unemployment rate also ticked down slightly to 3.8 percent, a number still close to lows not seen since the late 1960s. |
| 1:29.0 | But for the Americans on the hunt for a job, the labor market may not feel as strong. |
| 1:35.3 | So far this year, we've reported layoffs at Google Parent Alphabet, Amazon, and UPS. |
| 1:41.0 | In February, big hitters like Nike and Morgan Stanley followed suit, and just last month, Chrysler |
| 1:46.8 | parent Stolantis, as well as Unilever, announced plans for layoffs too. |
| 1:51.6 | So for many of us reading the news it might all feel like mixed |
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