The economy gained 850,000 jobs in June
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That's better than expected. One economist says this is clear evidence that if there are problems in hiring, it's because the economy is reopening so quickly, and bringing back millions of workers will take time. We also look at wage growth in the U.S. economy, where it's concentrated and what it says about the state of the labor market. Also, AAA predicts a record number of Americans will travel by car this July Fourth weekend. Meanwhile, gas prices are expected to be at their highest levels since 2014. Plus, the bipartisan infrastructure deal could bring back a tax on toxic chemicals that expired in 1995. And, a roadmap from U.K. officials for how Britain plans to attract business in a post-Brexit world.
Segments From this episode
The economy is reopening quickly. Hiring back workers is going to take time.
Christopher Low, chief economist at FHN Financial, breaks down the hiring and unemployment data from June.
Labor shortage? Wage data sends mixed signals.
Wages across the board would rise amid a widespread labor shortage, one economist says. But we're seeing pockets of wage growth.
Americans are hitting the roads again for July 4th
But will high gas prices make a difference in what they drive and where they go?
Chemical tax to clean up toxic sites gets new life as part of infrastructure deal
Environmental justice groups hope the deal will restore a funding source to clean up Superfund sites: an excise tax on chemicals.
David Brancaccio Host
Victoria Craig Host, BBC
Stephen Ryan Senior Producer, BBC
Jonathan Frewin Producer, BBC
Daniel Shin Producer
Jay Siebold Technical Director
Brian Allison Engineer
Meredith Garretson Senior Producer
Erika Soderstrom Producer
Rose Conlon Producer
Alex Schroeder Producer