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The NPR Politics Podcast

Wages Up. Inflation Down. Strong Economy? Depends Who You Ask.

The NPR Politics Podcast

NPR

Daily News, News, Politics

4.425.7K Ratings

🗓️ 15 June 2023

⏱️ 12 minutes

🧾️ Download transcript

Summary

It is all in the numbers: the economy is doing really well. Workers are raises are outpacing inflation and unemployment is still near historic lows. But how people feel about it all is a messier, very political story.

This episode: Justice reporter Deepa Shivaram, national political correspondent Mara Liasson, and chief economics correspondent Scott Horsley.

The podcast is produced by Elena Moore and Casey Morell. Our editor is Eric McDaniel. Our executive producer is Muthoni Muturi.

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Transcript

Click on a timestamp to play from that location

0:00.0

Hi, this is Jamie Lynn and Sugar House Utah.

0:03.4

I just got done dropping off my first and third graders for their last day of school this year.

0:08.0

This podcast was recorded at 1.06 pm on Thursday, June 15th, 2023.

0:15.4

Things may have changed by the time you hear it, but one thing's for sure.

0:18.8

It's about to get a lot less quiet around here.

0:21.8

Okay, here's the show and have a great summer!

0:30.0

This is School's Out for Summer!

0:32.0

Hey there, it's the NPR Politics Podcast.

0:35.6

I'm Deepa Shiverum.

0:36.6

I cover the Justice Department.

0:37.8

I'm Mara Laiasson, National Political Correspondent.

0:40.8

And Chief Economics Correspondence, God Horsley is here.

0:43.8

Hey Scott.

0:44.8

Hey, great to be with you.

0:45.8

Okay, so this month there's been a string of good economic news.

0:50.2

For one, seemingly against the odds, hundreds of thousands more people got jobs in May.

0:56.2

And it seems like that's happening across job types, right Scott?

0:59.8

Yeah, month after month, we keep thinking we're going to see a slowdown in job creation in this country.

1:04.6

And the job market has just remained really strong.

1:08.4

Employers added 339,000 jobs in May.

1:12.6

Even sectors where you'd expect to see a slowdown, like construction,

1:16.4

given what's happened with interest rates.

...

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