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The NewsWorthy

Special Edition: Today's Job Market - Workers, Wages & Walking Away

The NewsWorthy

Erica Mandy

Daily News, Society & Culture, News

3.91.3K Ratings

🗓️ 13 August 2022

⏱️ 15 minutes

🧾️ Download transcript

Summary

With so much talk about inflation and a recession, it would seem like the entire economy is shrinking and suffering but really - the labor market is still going strong. Unemployment is at its lowest point in five decades and hiring has surged this summer, with the most recent jobs report exceeding expectations.

Brian Kropp comes back on the show to break down what's behind the data and what it means for the future. He's the vice president of research at Gartner, a consulting firm that advises business leaders around the world including the ones making the hiring decisions. 

He shares the most reliable way to make more money in *your* career and why some people still regret taking the plunge. Plus, what inflation is doing to your paycheck now and what many companies are doing instead of giving raises.

This episode is brought to you by Thrivecausemetics.com/newsworthy and Zocdoc.com/newsworthy 

Get ad-free episodes and support the show by becoming an INSIDER: www.theNewsWorthy.com/insider

Transcript

Click on a timestamp to play from that location

0:00.0

Today is Saturday, August 13th.

0:02.1

With so much talk about inflation and a recession,

0:04.9

it would seem like the entire economy is shrinking and suffering.

0:08.2

But really, the labor market is still going strong.

0:10.7

The vast majority of people who want jobs have one.

0:13.2

Unemployment is at its lowest point in five decades.

0:16.3

And hiring has surged this summer

0:18.2

with the most recent jobs report exceeding expectations.

0:21.2

As our guest today says,

0:22.6

this is the first time in recent memory

0:24.1

that the jobs market is really separating itself

0:26.5

from the current economy.

0:28.1

So how could this impact you?

0:30.1

Today, Brian Crop comes back on the show

0:32.0

to break down what's behind the data

0:33.6

and what this all means for the future.

0:35.5

He's the vice president of research at Gartner,

0:37.6

a consulting firm that advises business leaders

0:39.6

around the world, including the ones

0:41.1

making the hiring decisions.

0:42.8

He shares the most reliable way

0:44.3

to make more money in your career

...

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