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PBS News Hour - Segments

News Wrap: Labor report shows high interest rates finally slowing job growth

PBS News Hour - Segments

PBS NewsHour

News, Daily News

4.11K Ratings

🗓️ 3 May 2024

⏱️ 6 minutes

🧾️ Download transcript

Summary

In our news wrap Friday, there are signs that high interest rates could finally be slowing U.S. job growth, Texas Democratic Rep. Henry Cuellar and his wife were arrested on federal charges of bribery and conspiracy, three people in Canada were charged with the murder of a Sikh leader in British Columbia and a Palestinian hospital reported at least seven people died in an Israeli strike on Rafah. PBS NewsHour is supported by - https://www.pbs.org/newshour/about/funders

Transcript

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0:00.0

Welcome to the news hour. There are signs tonight that high interest rates could

0:04.8

finally be slowing US job growth. The Labor Department reports that employers

0:09.4

added a net of 175,000 jobs in April.

0:13.4

That was well below expectations.

0:15.6

Meanwhile, the unemployment rate

0:17.6

inched up one-tenth to 3.9%.

0:20.9

The Federal Reserve says it needs to see a cooling of growth and inflation before it can cut interest rates.

0:28.0

A sitting member of Congress, Texas Democrat Henry Cuellar and his wife were arrested today on federal charges of bribery and conspiracy.

0:36.8

They're accused of taking nearly $600,000 in bribes from a Mexican bank and an oil company controlled by Azerbaijan.

0:45.8

In return, Kuiar allegedly pushed legislation favorable to Azerbaijan.

0:50.8

The couple denies the charges.

0:53.2

In Canada, police have arrested three people in the murder of a six separatist leader in British

0:58.3

Colombia last June.

1:00.2

The three are Indian nationals.

1:02.4

Prime Minister Justin Trudeau had suggested that the Indian government was involved in the killing.

1:08.0

Today, the Royal Canadian Mounted Police said they're looking at that possibility.

1:12.0

This investigation does not end here. said they're looking at that possibility.

1:13.0

This investigation does not end here.

1:16.0

We are aware that others may have played a role in this homicide

1:20.0

and we remain dedicated to finding and arresting each one of these individuals.

1:25.2

The Indian government has denied any involvement in the murder.

1:29.1

College campuses across the country were somewhat quieter today after days of protests against the war in

...

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