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WSJ What’s News

Strong Jobs Report Complicates Rate Hikes for the Fed

WSJ What’s News

The Wall Street Journal

News, Daily News

4.14.2K Ratings

🗓️ 2 June 2023

⏱️ 16 minutes

🧾️ Download transcript

Summary

P.M. Edition for June 2. The May jobs report shows a strong labor market, but complicates matters for the Federal Reserve. Plus, congressional reporter Natalie Andrews discusses the winners and losers in the debt-ceiling deal. And, at public schools across the country, parents, teachers and politicians have been fighting over how and whether to incorporate instruction on LGBT history. Ben Chapman reports. Annmarie Fertoli hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Nautic nature is ever changing and unpredictable.

0:05.1

Shifting between wind, sun and rain, but one thing is certain, this landscape shares its

0:10.8

goodness with us all.

0:12.6

Yard is the delicious plant-based oat drink, made with symbol all natural ingredients,

0:18.5

and organic oats grown and harvested in Nordic fields.

0:22.4

Yard, inspired by Nordic nature, find it in the chill, derri alternative's aisle.

0:30.0

The US Jobs Market shows resiliency complicating matters for the Federal Reserve, and will talk

0:39.2

winners and losers now that Congress has approved a debt-sealing deal.

0:42.9

Plus, US states are split over how and whether to add LGBT history to school instruction.

0:48.5

These efforts have basically broken down along partisan lines, and the schools are the primary

0:58.2

space where young people learn about American history.

1:02.3

It's Friday June 2nd.

1:03.6

I'm Amary for Tolley for the Wall Street Journal.

1:06.1

This is the PM edition of What's News, the top headlines and business stories that moved

1:10.3

the world today.

1:19.8

A spring hiring surge continued last month, with employers adding $339,000 to the economy.

1:25.7

The Labor Department also reported that the unemployment rate ticked up to 3.7%.

1:30.7

The report shows a resilient labor market, but as economics news editor Eric Morath explains,

1:35.6

it's a bit tricky for the Federal Reserve.

1:37.7

The latest Jobs report numbers add to signs that the economy is maintaining momentum, even

1:43.7

in the face of rising interest rates.

1:47.2

The hiring comes on top of recent data showing that consumer spending remains robust, and

...

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