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cover of episode What’s good for the economy might not be good for job seekers

What’s good for the economy might not be good for job seekers

2024/6/13
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Marketplace

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Mitchell Hartman
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Paul Ashworth认为,疲软的CPI和PPI数据暗示PCE数据同样疲软。 Scott Wren指出,通货膨胀虽然下降,但仍高于美联储目标,需要更多证据才能证明通胀正在向2%的目标迈进。 Dan North表示,通货膨胀导致消费者改变消费习惯,降低消费水平,消费者情绪低迷。 Jerome Powell表示,劳动力市场正在逐渐降温,朝着更好的平衡方向发展。 Luke Bardew指出,过去一年就业市场发生了转变,从紧张转向失业救济金申请人数增加,失业率上升,职位空缺减少。 Tuan Nguyen认为,就业市场降温和通胀下降意味着利率最终可能下降。 Michelle Evermore对就业市场降温表示担忧,特别是对年轻工人和应届毕业生而言,雇主可能不愿承担风险雇佣他们。 Megan Slabinski表示,尽管劳动力市场正在降温,但拥有某些特殊技能的工人(例如人工智能、机器学习、大型语言模型和数据分析领域的专业人才)仍然很抢手。 Paul Ashworth believes that weak CPI and PPI data suggest that PCE data will also be weak. Scott Wren points out that although inflation is falling, it is still above the Fed's target, and more evidence is needed to prove that inflation is moving towards the 2% target. Dan North says that inflation is causing consumers to change their consumption habits, reducing consumption levels, and consumer sentiment is low. Jerome Powell says that the labor market is gradually cooling down and moving towards a better balance. Luke Bardew points out that the job market has undergone a transformation in the past year, shifting from tension to an increase in unemployment benefit applications, rising unemployment, and fewer job openings. Tuan Nguyen believes that a cooling job market and falling inflation mean that interest rates may eventually fall. Michelle Evermore expresses concern about the cooling job market, especially for young workers and recent graduates, as employers may be unwilling to take the risk of hiring them. Megan Slabinski says that although the labor market is cooling down, workers with certain special skills (such as professionals in the fields of artificial intelligence, machine learning, large language models, and data analytics) are still in high demand.

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The episode discusses the impact of recent inflation data on the Federal Reserve's decision to hold interest rates steady, despite lower than expected inflation figures. It explores the implications for both the economy and consumers, highlighting the disconnect between falling inflation and rising prices.

Shownotes Transcript

The job market is weakening, according to recent data. Higher unemployment is a good sign — if you’re the Federal Reserve and want to cut interest rates. It’s bad, of course, if you’re a job seeker. We tackle this paradox in today’s episode. Plus: Cities adjust their tech-hub dreams, improved hurricane forecasting saves billions in damage, and Black workers pay a high price in the clean energy transition.