4.7 • 9.2K Ratings
🗓️ 7 May 2022
⏱️ 9 minutes
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0:00.0 | NPR. |
0:14.0 | Oh, okay, so we're just gonna come right out of the gate with it because today's job's numbers deserve an air horn. |
0:22.0 | 428,000 jobs were added to the US economy in April and unemployment stayed at 3.6%, |
0:28.0 | which is one of the lowest in recent memory. |
0:30.0 | Not too shabby, America, not too shabby. |
0:32.0 | Adding to the good news in the jobs report, there was more news that workers were welcome from another report that dropped earlier in the week. |
0:39.0 | That report was the job openings and labor turnover survey, also known as the Joltz report. |
0:45.0 | And just like in the previous few months, in March, there were nearly two job openings for every unemployed person. |
0:52.0 | There are just a lot of ads for jobs if you look online or in your local newspaper. It is at record levels. |
0:58.0 | And the numbers do tell an intriguing story. |
1:00.0 | But I think to really understand what's going on in this moment and to really understand just how much employers cannot hire fast enough, |
1:08.0 | it might help to look at a picture. |
1:10.0 | A chart actually. |
1:12.0 | The chart is for the beverage curve. |
1:15.0 | It's this thing named after a British economist named William Beverage. And well, this curve has completely shifted from where it was pre-pandemic. |
1:24.0 | It is an overdrive. |
1:26.0 | This is the indicator from Plano Money. I'm Adrian Mar and I'm Darien Woods. |
1:30.0 | Today on the show, we will go behind the beverage curve to figure out what the heck is happening in our jobs market. |
1:37.0 | This message comes from NPR, sponsor Fundrise, a platform that makes investing in high-end real estate easy. |
1:49.0 | You tell Fundrise your investing goals and Fundrise puts your money into the real estate deals that are right for you. |
1:55.0 | Sign up for free at Fundrise.com, slash, and PR. |
1:59.0 | K-PON is the chief economist at equitable growth, an economic think tank. |
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