The information industry takes a hit
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 2 August 2024
⏱️ 27 minutes
🧾️ Download transcript
Summary
Job creation slowed sharply in July, the Labor Department reported today. One sector that took a hit is information and entertainment. That includes data processors, moviemakers, software publishers and — ahem — broadcasters and news websites. Do those job losses signal a meaningful change or was it just an off month for the field? Plus, shipping rates may come down next year, the Spanish-language interpretation industry is expected to grow, and remember when cellphones had antennas?
Transcript
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| 0:59.0 | Well, the markets sure didn't like that jobs report, but how worried should we be? |
| 1:07.0 | From American public media, this is Marketplace. |
| 1:13.0 | In Baltimore, I'm Amy Scott, in for Kyrizdahl. |
| 1:19.0 | It's Friday, August 2nd. |
| 1:21.0 | In for Kyi Rizdahl. |
| 1:22.0 | It's Friday, August 2nd. Good to have you with us. Has the |
| 1:26.2 | Fed waited too long to cut interest rates? That's the question looming over the markets today |
| 1:32.1 | after the Labor Department said job creation. The jobs down from an average pace in the past year of 215,000. |
| 1:44.8 | And the unemployment rate climbed to 4.3%. |
| 1:48.6 | Here with me to talk about the details and the rest of the economic news of the week are |
| 1:53.0 | Amara Amokway reporter at Bloomberg |
| 1:55.5 | and Gina Smilick at the New York Times. |
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