The contrarian jobs report
Marketplace
American Public Media
4.6 • 8K Ratings
🗓️ 8 March 2025
⏱️ 26 minutes
🧾️ Download transcript
Summary
Overall employment dropped last month, according to the monthly jobs report from the Bureau of Labor Statistics. At the same time, employers added jobs to the economy. Weird, right? Well, two surveys make up the monthly report — one of households and one of employers. And they can disagree. Plus, more part-time workers want full-time jobs, Gap is on a roll, and professional basketball has become a game regulations.
Transcript
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| 0:00.0 | In one respect, a completely normal week in this economy. |
| 0:05.0 | In most other respects, um, not. |
| 0:10.0 | From American public media. |
| 0:13.0 | This is Marketplace. |
| 0:15.0 | In Los Angeles, I'm Kyle Rizzdahl. |
| 0:25.6 | It is Friday today, the 7th of March. |
| 0:28.5 | Good as always to have you along, everybody. |
| 0:31.2 | As we end week seven of the second Trump administration, where do you suppose things stand in this economy? Courtney Browns at |
| 0:40.1 | Axios, Heather Long's at Washington at the Washington Post. That is what we are going to talk about. |
| 0:44.0 | Hey, you two. Hi, Kai. Hey, Kai. Heather Long, let me begin with you. The normal thing that happened this |
| 0:49.1 | week in this economy is, of course, the jobs report out today, 151,000 new jobs, 4.1% on the unemployment rate. |
| 0:55.9 | You are a close reader of these reports. |
| 0:58.3 | What was your favorite item? |
| 1:00.4 | What stick on to you? |
| 1:02.1 | Well, you're right. |
| 1:02.9 | Overall, it looked pretty good. |
| 1:04.5 | Like, if you didn't know all this other stuff was going on this week, you'd think, hey, |
| 1:08.0 | we were chugging along with a pretty good economy that's still adding jobs. The two things that I'm really paying attention to, so much of our hiring |
| 1:15.5 | lately has been in health care. And we saw that again today. That was the biggest sector by far. |
| 1:20.6 | And obviously, President Trump and House Republicans are talking about some pretty substantial |
| 1:25.6 | cuts to Medicaid. I worry a lot about the future of |
| 1:28.8 | healthcare hiring. The other thing that stood out to me, the one worrying part of the jobs report |
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