Predictions: Jobs!

Planet Money

NPR

Business, News

4.6 • 29.8K Ratings

🗓️ 19 May 2023

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

It's time for another installment of ... Planet Money Predictions! *air horn*

Last year, we invited two economic forecasters to tell us what they saw coming for jobs, the housing market, and inflation. And now they're back. Which means it's time to find out whose predictions were more on the money, and send the victor to the next round, where they face off against a new forecasting phenom.

Since our last game, housing and inflation have cooled, but the job market keeps going strong. And the possibility of a recession still looms large. Our forecasters tell us what they see in the economy now, and what they expect in the months ahead.

This episode was produced by James Sneed. It was engineered by Katherine Silva. It was fact-checked by Sierra Juarez and edited by Molly Messick. Jess Jiang is our acting executive producer.

Help support Planet Money and get bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.

Transcript

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0:00.0	This is Planet Money from NPR.
0:03.4	Hello and welcome back to Planet Money Predictions, the show where economic forecasters make
0:14.4	economic forecasters.
0:16.0	And then come back later to gloat about what they got right and to own what they got
0:20.8	wrong.
0:21.8	Previously on the show, there's been victory, defeat, laughter, tears and a lot of humility.
0:27.6	In our last episode, two economists went head to head.
0:31.5	I felt like the match was Terminator vs. Rumba.
0:35.1	That was Alfredo Romero, aka the Rumba.
0:38.0	And as he implicitly predicted, indeed, he lost to the Terminator, Diane Swank.
0:43.8	It's great to be here.
0:45.8	It's unbelievable.
0:47.4	Then we put a Diane against a new challenger, Song Wan-Soon, and both of them told us what
0:52.8	they thought the year had in store.
0:54.8	Hopefully I'll tell you I was right 100%.
0:58.6	For Planet Money Predictions, I'm Amanda Runchik and I'm Mary Childs.
1:02.9	On today's episode of Planet Money Predictions, we welcome back Diane and Song to see whose
1:08.4	predictions were more right on three of the most pressing economic issues of our economic
1:13.7	moment.
1:14.7	Home prices, jobs, inflation and the winner of that face-off will meet our newest contender.
1:21.9	After it all, we'll try to understand what is going on in the U.S. economy.
1:26.3	That's on Planet Money Predictions after this message.
	...

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