What’s really going on in the US jobs market?
Business Daily
BBC
4.4 • 816 Ratings
🗓️ 4 June 2024
⏱️ 17 minutes
🧾️ Download transcript
Summary
President Biden has claimed the US economy is the ‘envy of the world’ and that his administration has added record job numbers, with around one million people hired since the turn of this year.
With inflation falling and the possibility of the Federal Reserve cutting interest rates, we find out if the rosy economic picture is being felt by those who are hiring or trying to get hired.
(Image: A sign on a wall recruiting for staff at a hotel in California in 2024 as a man walks by. Credit: Getty Images)
Presented and produced by Matt Lines
Transcript
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| 0:00.0 | Hello and welcome to Business Daily with me Matt Lines. |
| 0:05.4 | Today, I'm looking under the hood of the US labour market to find out what's really going on. |
| 0:11.1 | I'm Harriet. Economist on the brink. |
| 0:13.6 | Now our economy is literally the envy of the world. |
| 0:16.5 | Since the start of 2024, nearly a million jobs have been added to the economy. |
| 0:21.1 | Inflation is falling, yet business confidence levels remain low. |
| 0:25.2 | I'll be hearing from those with direct experience of the market right now. |
| 0:29.1 | The job seekers? |
| 0:30.1 | I think the only thing that's going to impact me personally finding a job is me. |
| 0:34.8 | I haven't gotten to a point where it's so much doom and gloom that it's like, |
| 0:38.5 | okay, well, I need to accept whatever job comes my way. The companies think hundred times, |
| 0:43.4 | do we really need to fill this? That becomes even more difficult, right, and challenging to be |
| 0:47.7 | in front of the decision maker. And recruiters, should I really bring another person on board? Should I |
| 0:53.3 | offer them a long-term prospect? I know I need the |
| 0:56.4 | labor and labor is impossible to come by. To see if the figures match the feelings of those in the |
| 1:02.3 | know. That's coming up on Business Daily from the BBC World Service. It's all about mindset, Matt. |
| 1:10.7 | This is a journey, right? Finding a job is a full-time job. Need to be very |
| 1:15.3 | positive mindset. You may not get calls from everywhere. So you need to have a very strong mindset, |
| 1:20.4 | positive attitude. I echo what Ganesh is saying. You've got to have a positive attitude. |
| 1:26.8 | Fake it to you. Make it if you have to. Because nobody wants to have a positive attitude. Fake it to you make it if you have to, |
| 1:28.9 | because nobody wants to hire a desperate person. Nobody wants to hire it can be down or so. It's all |
| 1:34.0 | about the attitude and making that great impression. I think as men, you know, there's a little bit |
... |
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