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In a major switch, the Biden administration is joining other countries to try to waive intellectual property protections for COVID vaccines. Plus, a pandemic milestone for weekly jobless claims, and it's a positive one. Also, test-driving new sources for the rubber that goes into making tires. And, the Biden administration is now rolling back a Trump-era rule change that would have made it easier for companies to classify gig workers as independent contactors.
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We're finally seeing less than 500,000 initial weekly jobless claims
The labor market is trending the right way in the U.S. “It’s finally moving in the right direction consistently,” said Diane Swonk, chief economist at Grant Thornton. “It looks like momentum is really sticking this time.” Swonk said we’re also expecting strong numbers for Friday’s report on April hiring and unemployment data. She expects the U.S. economy added over 700,000 jobs, “but we could easily exceed 1 million.”
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Music from the episode
Point Blank - Vocal Mix Sign Of The Times
The team
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 Morbey
Senior Producer
Erika Soderstrom
Producer
Rose Conlon
Producer
Alex Schroeder
Producer
