Companies are laying off and unemployment claims are…falling?
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The labor market in today's economy, at first glance, seemingly defies logical explanation — the number of people seeking unemployment benefits has fallen as companies lay off lots of staff. We look into why the data looks how it does. A bipartisan bill in Congress is looking to lay the groundwork to ban TikTok in the U.S. The rules governing the classification of Community Development Financial Institutions are about to go under a revamp by the Treasury Department. And, the BBC reports on South Africa's new electricity minister, whose appointment comes as the country's main utility provider Eskom undergoes a severe crisis.
Segments From this episode
Even as layoffs abound, jobless claims are falling
Many workers laid off from tech jobs are finding new ones fast.
For Community Development Financial Institutions, new rules are on the way
The Treasury is changing the certification process for the first time in more than two and a half decades.
David Brancaccio Host
Leanna Byrne Host, BBC
Meredith Garretson Senior Producer
Erika Soderstrom Producer
Alex Schroeder Producer
Ariana Rosas Producer/Director
Jarrett Dang Digital Producer
Jesson Duller Media Producer
Nick Esposito Media Producer
James Graham Producer, BBC
Jo Critcher Producer, BBC
Olie D'Albertanson Producer, BBC