U.S. Job Growth Held Strong in April
WSJ What’s News
The Wall Street Journal
4.1 • 4.2K Ratings
🗓️ 5 May 2023
⏱️ 18 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | To gain visibility and control over your financials, inventory, HR, e-commerce, and more, |
| 0:05.0 | take advantage of the special financing offer of no payments or interest for six months from |
| 0:09.6 | NetSuite by Oracle. Go to NetSuite.com slash Wall Street. That's NetSuite.com slash Wall Street. |
| 0:21.5 | Hiring remains strong in April with US employers adding more than a quarter million jobs. |
| 0:26.6 | That's a very, very solid gain much more than what you would expect to just keep the unemployment |
| 0:33.2 | rate steady. And the World Health Organization declares that the COVID-19 emergency is over. |
| 0:39.8 | What changes with this announcement is sort of the signal to countries that they should start |
| 0:45.2 | treating COVID-19 not necessarily as a crisis but as a long-term health threat on part with other |
| 0:52.2 | infectious diseases. Plus, in England, King Charles III, who will be crowned on Saturday, |
| 0:58.0 | stands to inherit a sizable royal purse. It's Friday, May 5. I'm Amary for Tolly for the Wall Street |
| 1:04.2 | Journal. This is the PM edition of What's News, the top headlines and business stories that moved |
| 1:09.5 | the world today. It's Jobs Friday and the April report shows hiring |
| 1:22.1 | is still strong. The Labor Department said employers added 253,000 jobs to the economy |
| 1:28.1 | and the unemployment rate ticked down to 3.4%. The lowest it's been since 1969. Here now with some |
| 1:35.0 | more on the numbers is Wall Street Journal heard on the street columnist Justin Leihart. |
| 1:39.6 | So Justin, let's start with the basics. What do the latest numbers tell us about the economy |
| 1:43.9 | and where we are in the recovery? The latest numbers show the job market is cooling but it isn't |
| 1:50.8 | really cool. I mean to go along with population maybe the job market could add 100,000 new jobs a |
| 1:58.7 | month. So this is still a pretty hot job market. So we're not exactly where the Fed wants to be |
| 2:06.1 | quite yet? No, we're not where the Fed wants to be on either jobs or on inflation but both are |
| 2:13.7 | cooling. And I think what's different now is the Fed pretty much signaled that it isn't going to |
| 2:20.8 | be raising rates when it meets next month. It's going to have time to reassess to see what's |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from The Wall Street Journal, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of The Wall Street Journal and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.