Today’s labor market report shows job growth as not too hot and not too cold. Plus, why rising prices hit rural America harder.
Marketplace host Kai Ryssdal talks to ADP Chief Economist Nela Richardson and the New York Times’ Ana Swanson about the August jobs report, the soft landing(ish) and what it could mean for the future of monetary policy.
“The Black workforce is the canary in the coal mine,” said Howard University’s Bill Spriggs. “They’re already suffering.”
Rising costs and slower-growing incomes cut small town households’ discretionary income by 38% in the last year, pressuring a way of life.
But the share of the population in the job market is still about a percentage point below the level of February 2020.
Streaming accounts for the vast majority of recorded music income, but musicians and producers make fractions of a cent per stream.