S8 Ep832: 1/16: Liz Peek discusses the strong American economy, noting low unemployment and an AI-driven boom despite oil price spikes from the Iran war. While concerns about plummeted savings exist, record stock market highs and a robust labor market sustain growt
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 6 May 2026
⏱️ 14 minutes
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| 0:00.0 | I'm John Bachelor. |
| 0:17.2 | Liz Peek. |
| 0:18.3 | Lispick.com is where to see Liz's column. |
| 0:20.7 | She writes a column for The Hill, |
| 0:22.4 | a column for Fox News, much on Fox Business. |
| 0:25.0 | Here to question my version of the American economy. |
| 0:29.4 | Liz, the American economy is strong, really strong. |
| 0:33.0 | I know we're at war. |
| 0:34.4 | I know there are questions about gasoline and jet fuel. |
| 0:39.9 | I know there's a lot of contra-temp in the land when it comes to the midterms. But the economy is just strong. Does this make sense, Liz? |
| 0:44.8 | Good evening to you. Good evening, John. Yeah. The economy is just powering through what the media |
| 0:51.1 | relentlessly calls them the oil shock. And certainly oil prices have skyrocketed |
| 0:56.0 | because of the Iran war. But it does not seem to be having a big impact on companies or on consumers. |
| 1:02.8 | And I think there are a couple of things going on that are worth noting. Remember, last week, |
| 1:07.3 | we had the lowest unemployment benefit claims number in several decades. |
| 1:14.7 | I mean, it was really an extraordinary thing. |
| 1:17.3 | And today we have a Joltz report out, which is the job openings report, that hirings were up substantially in the month of March. |
| 1:25.6 | So that is incredibly good news because, of course, the one |
| 1:28.8 | thing that everybody has been watching is whether the labor market begins to crumble under the |
| 1:34.7 | pressures of AI or because of cost increases related to oil right now today, as of today, |
| 1:42.3 | and it could change because we have a JAWS report. The Bureau of Labor |
| 1:45.8 | Statistics report comes out Friday. We'll get an ADP read tomorrow. But as of today, the judge numbers |
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