Some fraying in the job market
Marketplace All-in-One
Marketplace
4.8 • 1.3K Ratings
🗓️ 6 June 2025
⏱️ 11 minutes
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Summary
Call it an "it could have been worse" jobs report. In May, 139,000 more people drew paychecks, which is higher than expected. Job growth was up in sectors like teaching and health care, but immigration policy is hurting hiring in construction and retail. What sort of picture does this paint of the economy? And later: The BBC's James Graham explores what it takes to shut down a fraudulent e-commerce website.
Transcript
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| 1:07.0 | Hiring was okay in the month gone by, but we're seeing some fraying in the job market when you look beyond the averages. |
| 1:14.6 | I'm David Brancaccio in Los Angeles. There's news that hiring in America was still okay in the aggregate, with 139,000 more people drawing paychecks in May that's a bit higher than expected. The numbers for the month before, though, |
| 1:28.2 | were revised down. Let's untangle this with Christopher Lowe, chief economist at FHN Financial in New York. |
| 1:33.8 | Morning. Good morning, David. Yeah, could have been worse, right? It's not terrible, |
| 1:39.1 | but it's not fabulous. No, I think that's a really nice description of it. You know, 139,000 jobs added in May that's just a little bit better than the 125,000 or so expected. But then you notice a 90,000 downward revision to March and April. And what that does is it means that job growth this year has five months of |
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