Tourism in Hawaii is approaching pre-pandemic levels
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Businesses in Hawaii welcome the demand but are struggling to keep up. Also, awaiting congressional testimony from Fed Chair Jerome Powell today, we revisit the debate over inflation. Plus, trying to make sense of seesawing on the stock market. And, is Washington prepping to break up tech giants? We take a look at a package of antitrust bills the House Judiciary Committee is set to consider tomorrow.
Segments From this episode
There's no switch you can just flip to get everyone to pile back into the labor market
There are several factors keeping people out of the job market, according to Paul Christopher, head of global market strategy for the Wells Fargo Investment Institute. People are rethinking their work lives, people are still having to worry about child care with schools having been closed and summer now upon us and people are still getting extended federal unemployment benefits. Christopher said he expects more people to come back to the workforce as those benefits expire in all states in the fall and recovery continues. That could mean a peak in wage growth and inflation somewhere in the near-term, and an economic deceleration headed into 2022.
What meaning can we pull from the back-and-forth moves on the stock market?
Marketplace's Nova Safo has more.
The House Judiciary Committee is set to consider a package of antitrust bills this week.
David Brancaccio Host
Nicole Childers Executive Producer
Victoria Craig Producer, BBC
Stephen Ryan Producer, BBC
Jonathan Frewin Producer, BBC
Daniel Shin Producer
Jay Siebold Engineer
Brian Allison Engineer
Alex Schroeder Digital producer
Meredith Garretson Producer
Erika Soderstrom Producer/Director