PG48: Jobs!, Trump’s Bad Week, A Win For Unions
The Politics Guys
Michael Baranowski
4.4 • 783 Ratings
🗓️ 3 April 2016
⏱️ 38 minutes
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| 0:00.0 | Good morning. Good afternoon. Good evening, wherever you are. And welcome to the politics guys with your host, Jay Carson and Michael Baranowski. |
| 0:17.3 | Welcome to the politics guys. I'm Michael Baranowski, a political scientist at Northern Kentucky University. |
| 0:23.5 | My co-host this week, as always, is Cleveland Area Attorney and sometime Republican strategist, Jay Carson. |
| 0:30.1 | Our top story this week is, believe it or not, some actually good news. |
| 0:35.3 | Last Friday was the first Friday of the month, which can only mean one thing. |
| 0:40.0 | What does that mean, Mike? It means a new jobs report. That's what it means. Now, if you're wondering |
| 0:45.0 | why Friday, it's because releasing the numbers before the weekend gives the financial markets a |
| 0:50.3 | chance to sort of take in the news before everyone goes off kind of half cocked, not that financial markets would ever do that. |
| 0:56.8 | But anyway, on to the report. |
| 0:58.9 | Now, you certainly wouldn't know it from hearing the Republican presidential candidates talk, but the labor market has actually been looking pretty solid for a while now. |
| 1:08.0 | 215,000 jobs were created in March, and over the last four months, the labor force has |
| 1:13.1 | increased by nearly 2 million, making it the best sustained quarter of job growth in over 15 years. |
| 1:20.0 | It's also been the best two-year period of job growth since 1998-99. And it's not just jobs. |
| 1:27.0 | Wage growth is also good in this latest report, just over |
| 1:30.2 | 3%, which is actually higher than the rate of inflation currently around 1%. Now, the unemployment |
| 1:36.5 | rate did actually go up a tiny bit from 4.9 to 5%. But strangely, that's actually more good news, |
| 1:43.4 | because the reason for the uptick is that more people who had previously given up on trying to find a job and therefore were not being counted anymore in the main unemployment numbers are actually getting back into the labor market. |
| 1:55.8 | So there you go. |
| 1:57.2 | Some good news, Jay. |
| 1:58.1 | It's kind of nice for a change, isn't it? |
| 1:59.9 | Yeah. |
| 2:00.5 | And I wouldn't say what impresses me most, and I guess impresses is maybe a difficult word you |
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