Donate today and your gift will be matched dollar-for-dollar by the American Public Media Board.
Good jobs report
The jobs report came in better than expected. Payrolls increased by 157,000, and the jobless rate stayed at 4.5%. Government staticticians also reported that inflation is tame, running at a 2% pace from April of last year.
It looks like the economy is picking up. Now, I expect a lot of worried commentary about inflation risks rising with more people getting hired. That’s nonsense. More people working and paying taxes and buying goods and services does not debauch the currency. Money supply growth is low. The Fed is tight. The inflation rate is heading lower, not higher.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.
Don’t miss this special