Who’s still hiring?

Marketplace

News, Business

4.6 • 8.5K Ratings

🗓️ 4 September 2024

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The job market is the tightest it’s been in over three years — but don’t freak out. There are still more open positions than there are job seekers right now. But some experts are stressing about what the labor market may look like in a few months. Would potential interest rate cuts influence job creation in 2025? Also in this episode: The services sector is looking better than manufacturing, U.S. war stockpiles have climate-friendly uses and we check in with a former restaurateur who pivoted to consulting.

Transcript

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0:59.0	Today we'll talk jobs and hone in on a sector of the economy that makes up many if not most of them.
1:07.0	From American public media, September 4th.
1:22.4	Good to have you with us. The economic data of the week will be the
1:26.2	August jobs report out on Friday because it will give us a clue as to how well the Federal Reserve has been
1:32.3	balancing its two mandates, stable prices and maximum employment.
1:37.3	As we wait for that big number, we can take a hint from some smaller ones along the way.
1:46.4	Today that's the job openings and labor turnover survey. The Bureau of Labor Statistics says in July,
1:49.2	openings fell more than expected to about 7.7 million. That's the lowest we've seen since the beginning of
1:55.8	2021, which for context was a pretty good time for the job market. And for more context,
2:02.0	7.7 million job openings, it means statistically speaking, there's a job out there for every person looking for one.
2:11.0	Yet economists are concerned.
2:14.0	Marketplace's Kayley Wells explains why.
	...

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