Smells like teen jobs numbers

The Indicator from Planet Money

NPR

Business

4.7 • 9.2K Ratings

🗓️ 2 April 2022

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

The economic recovery is still hot with a streak of strong jobs reports over the last couple of months. One of the groups benefiting from this strong labor market are teenagers.

Transcript

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0:00.0	NPR.
0:10.7	This is the indicator from Planet Money. I'm Stacey Bannock-Smith.
0:13.9	I'm Adrian Ma and I'm Daryen Woods and today is Jobs Friday.
0:18.7	Jobs Friday!
0:20.1	That's right, March numbers are out.
0:21.9	The US added a solid 431,000 jobs last month.
0:26.5	Pretty good. Is it time for a little air horn? For our old friend.
0:35.5	What? What?
0:39.5	That's hilarious.
0:40.5	That's not a little friend.
0:42.0	I think this is our senior producer, Viet Lays, homage to April Fools' Day.
0:47.5	I think that's an April Fools' air horn.
0:49.5	Oh, well played.
0:51.5	Yes, yes. I think this is what's happening.
0:54.5	But can we hear the real one, please?
1:00.5	Oh, that's the stuff. There we go.
1:03.5	So yeah, the lab market's doing very well, but historically, one group stands out.
1:09.5	Teens.
1:10.5	Yeah, teens turns out they're enjoying the lowest unemployment rate since the 1950s.
1:15.5	So, you know, to commemorate the occasion, I reached out to a teenager who is currently experiencing the joys
1:22.5	and the disappointments of getting a paycheck.
1:25.5	After the break, we have three indicators to end the week, more of course on today's jobs report
	...

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