4.7 • 9.2K Ratings
🗓️ 16 December 2025
⏱️ 10 minutes
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| 0:00.0 | Hey everyone, it's Daryon Woods here. |
| 0:02.3 | Just quickly before we start the show, I want to take a minute to talk about public media. |
| 0:07.0 | This is what makes the indicator and other NPR podcasts special. |
| 0:11.4 | Public media was founded to inform, to educate and to expand our perspective. |
| 0:17.2 | But as of this fall, federal funding for public media, including NPR and local NPR stations, has been eliminated. |
| 0:25.9 | Despite that, we remain committed to this work. |
| 0:28.7 | Just this year, we've done episodes on why the trade war is missing a referee on the stock market and the magic of diversification, on the surging cost of health care for |
| 0:40.0 | pets. We go beyond the headlines to show you how the economy affects your life. In 2026, with |
| 0:47.0 | your help, we can do even more. Thank you if you already go the extra mile as an NPR Plus supporter. |
| 0:53.5 | If not, you can join the Plus community, get a bunch of perks like bonus episodes from across NPR's podcasts, |
| 1:00.1 | and support public media by signing up for NPR Plus today. |
| 1:04.4 | Just go to plus.npr.org. |
| 1:07.7 | NPR. |
| 1:08.7 | NPR. |
| 1:30.3 | Music NPR. This is the indicator from Planet Money. I'm Darym Woods. And I'm Waylon Wong. It is Jobs Tuesday. Yes, Tuesday. The government is still catching up with some delayed data releases after the shutdown. Today we have numbers for November, and they show signs of a cooling labor market. The Bureau of Labor Statistics says that the U.S. economy added 64,000 jobs in November. |
| 1:41.3 | But the unemployment rate ticked up to 4.6% from 4.4% in September. |
| 1:49.9 | The BLS couldn't calculate a jobless rate number for October because of the shutdown. |
| 1:55.1 | One of the areas that did see job growth was healthcare. This is a field that has trended up in the last few years. |
| 2:02.1 | But the one big beautiful bill act made some dramatic changes to federal loans for graduate |
| 2:06.7 | students, and this could reduce the pipeline of new health care workers, from dental |
| 2:11.2 | hygienists to physical therapists. |
| 2:13.4 | Today on the show, we explain these changes and how they might play out in the labor market. |
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