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Some fraying in the job market

2025/6/6

Marketplace Morning Report

AI Deep Dive AI Chapters Transcript

People

Catcher Ada

Christopher Lowe

David Brancaccio

James Graham

Nancy Marshall-Genzer

Reg Levy

Topics

David Brancaccio: 五月份的招聘情况总体来说还可以，新增了13.9万个工作岗位，略高于预期。但前几个月的数据被下调了。我们需要和Christopher Lowe一起分析一下。 Christopher Lowe: 我认为用“喜忧参半”来形容五月份的就业数据非常合适。新增13.9万个工作岗位略高于预期，但三月和四月的数据被下调了9万个。这意味着今年前五个月的就业增长与去年年底相比有所放缓。关税的不确定性和边境关闭对建筑业和零售业造成了影响，临时工的减少也预示着经济活动可能放缓。虽然医疗保健和教育行业的招聘情况良好，但其他行业则表现疲软。失业率略有上升，但仍在4.2%左右。

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Chapters

While May's job report showed 139,000 new jobs, exceeding expectations, there are signs of a slowdown. Revisions to previous months' data reveal sluggish growth, and sectors like construction and retail are weak, partly due to immigration policy and tariff uncertainty. The unemployment rate is creeping higher.

139,000 jobs added in May (slightly better than expected)
Downward revision of 90,000 jobs for March and April
Weakness in construction and retail sectors attributed to immigration policy and tariff uncertainty
Negative growth in business services and temporary workers, suggesting a potential economic slowdown
Unemployment rate creeping higher for three or four months

Shownotes Transcript

Call it an "it could have been worse" jobs report. In May, 139,000 more people drew paychecks, which is higher than expected. Job growth was up in sectors like teaching and health care, but immigration policy is hurting hiring in construction and retail. What sort of picture does this paint of the economy? And later: The BBC's James Graham explores what it takes to shut down a fraudulent e-commerce website.

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Marketplace Morning Report

Deep Dive

Shownotes Transcript

Some fraying in the job market