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Why the U.S. may actually have two job markets
Jun 9, 2023

Why the U.S. may actually have two job markets

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The U.S. labor market has looked really good in the past year even as inflation bites in the wider economy. But an old theory that's recently regained ground says that there are actually two job markets that differ substantially in pay, stability, and social mobility. Plus, the recent indictment of Donald Trump on federal charges over classified documents has turned into a fundraising call for the former president — and his Democratic rivals. And finally, Texas is looking to meet projected record-breaking demand for energy with the help of renewable energy.

Segments From this episode

Trump and Democrats use latest indictment as campaign fodder

Marketplace’s Nancy Marshall-Genzer reports on how both sides are using the indictment news to bolster fundraising ahead of the 2024 election.

Is the U.S. economy really a tale of two job markets?

The "dual labor market" theory paints a picture of two very different job markets in terms of stability, pay, and mobility.
The unemployment rate is at a half-century low, yet many workers are unable to escape poorly paid, precarious jobs. One reason could be that the U.S. job market has evolved into two distinct labor markets—a dual labor market--and workers in each section experience very different economies.
Joe Raedle/Getty Images

The team

Leanna Byrne Host, BBC
Kelly Silvera Executive Producer
Meredith Garretson Morbey Senior Producer
Erika Soderstrom Producer
Alex Schroeder Producer
Ariana Rosas Producer
Jarrett Dang Digital Producer (gone fishing)
Jesson Duller Media Producer
Nick Esposito Media Producer
James Graham Producer, BBC
Jo Critcher Producer, BBC
Olie D'Albertanson Producer, BBC