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Episode 872Mar 2, 2023

The job market shrugs off the Fed

Plus, our hosts get together in D.C.

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With the debt ceiling reached, the U.S. Treasury initiated "extraordinary measures" to avert a government default.
With the debt ceiling reached, the U.S. Treasury initiated "extraordinary measures" to avert a government default.
Anna Moneymaker/Getty Images

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In the before times, when the Federal Reserve raised interest rates, the number of people filing for unemployment benefits would rise too. But we’re far from that today. U.S. weekly jobless claims are remarkably low. So where’s the recession we’ve been hearing so much about? Kai tells us what Janet Yellen had to say about this in his interview with the treasury secretary. Plus, the complicated task of creating a time zone for the moon. And guess who’s a Swiftie.

Here’s everything we talked about today:

Join us tomorrow for Economics on Tap. The YouTube livestream starts at 3:30 p.m. PT / 6:30 p.m. ET. We’ll have news, drinks, a game and more.

The Team