The monthly jobs report paints a brighter picture than expected
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 7 June 2024
⏱️ 1 minutes
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Summary
The economy added 272,000 jobs in May; Fed officials to meet next week; GameStop announces quarterly sales decline; China’s exports increase.
Transcript
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| 0:00.0 | The monthly jobs report paints a brighter picture than expected. |
| 0:04.8 | I'm Novasapo with the Marketplace Minute. |
| 0:06.9 | The Labor Department counted 272,000 new jobs in May that surprised many analysts. The unemployment rate, however, which comes from a separate survey, ticked up from 3.9 to 4 percent, still low. Federal reserve officials meet next week to talk interest rates and analysts say this hotter than expected jobs report |
| 0:26.0 | makes it less likely that the Central Bank will begin cutting rates anytime soon. |
| 0:30.0 | GameStop today announced quarterly results four days ahead of schedule and |
| 0:34.6 | before a planned live stream by influencer Keith Gill who goes by Roaring Kitty. |
| 0:39.2 | Gill's posts have helped lift the retailer's share price. In its report, GameStop announced a quarterly |
| 0:44.6 | sales decline and a plan to sell more shares. China's exports increased in May, according to |
| 0:50.4 | figures from that country's government, the world's second largest |
| 0:53.7 | economy exported about 300 billion dollars worth of goods, an increase of 7.5 |
| 0:58.8 | percent compared to a year earlier. I'm Nova Safo with a marketplace minute. |
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