VCs are finally waking up to aging as a business opportunity
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 5 October 2023
⏱️ 10 minutes
🧾️ Download transcript
Summary
Nearly one in six people in the United States is now 65 or older. While aging is often treated as an ominous economic problem, growing numbers of entrepreneurs and their financial backers are starting to see opportunities for innovation and profit in older populations. Plus, we got a peek at the latest unemployment claims today. And: the latest in the Justice Department’s antitrust trial against Google.
Transcript
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| 0:00.0 | It is the last few days of our fall fundraiser and we're making progress toward our goal |
| 0:04.5 | of 2,000 marketplace investors. |
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| 0:25.8 | go to Marketplace.org slash donate. |
| 0:30.5 | The bonds sell off and just maybe a slightly cooler labor market. |
| 0:35.2 | From Marketplace, I'm Nancy Marshall-Genser in for David Boncaccio. |
| 0:38.9 | We get to a September jobs report tomorrow. |
| 0:42.5 | Today we got a peek at the latest unemployment claims. |
| 0:45.5 | We talk about this and more with Diane Swank, chief economist at the audit, tax and advisory |
| 0:51.2 | firm KPMG. |
| 0:52.2 | Good morning. |
| 0:54.2 | So the Labor Department reported this morning new claims for unemployment benefits. |
| 0:59.4 | That's a proxy for layoffs, of course, came in at about 207,000 over the latest week. |
| 1:05.6 | That was less than expected. |
| 1:07.6 | What does this tell us about the labor market? |
| 1:09.8 | Well, the labor market has been remarkably resilient. |
| 1:13.4 | We expect to see the official data on job gains in the month of September, which is released |
| 1:19.2 | tomorrow, becoming at about 150,000. |
| 1:22.2 | It's a cooling from the pace that we saw in August, but still a resilient labor market. |
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