Holy hiring! U.S. economy adds 528,000 jobs in July
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The U.S. economy added 528,000 jobs in July, according to the latest jobs report, far outpacing expectations. We dig into what that means amid high inflation and whether this dampens fears of a recession. More on the reasons why the labor market will likely stay hot for the foreseeable future, including Baby Boomer retirements and declining immigration. Also, China has imposed sanctions on House Speaker Nancy Pelosi after her visit to Taiwan.
Segments From this episode
There's a shortage of workers, thanks to retiring Baby Boomers and declining immigration.
David Brancaccio Host
Victoria Craig Host, BBC
Stephen Ryan Senior Producer, BBC
Jonathan Frewin Producer, BBC
Meredith Garretson Morbey Senior Producer
Erika Soderstrom Producer
Alex Schroeder Producer
Redmond Carolipio Digital Producer
Ariana Rosas Producer
Jarrett Dang Digital Producer (gone fishing)
Jesson Duller Media Producer