Does unemployment whiplash mean recession?

失业潮是否意味着经济衰退?

The Indicator from Planet Money

商务

2024-10-05

9 分钟
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单集简介 ...

It's Jobs Friday! It's that time of the month where we check in on the American worker. In September, 254,000 jobs were added to the US economy and the unemployment rate ticked down very slightly to 4.1%. It's unexpectedly strong, and relieving news for workers after a pretty lackluster summer. But ... given how the labor market cooled over summer, is the labor market still on thin ice? And if there were to be a plummet in jobs, could anything be done to speed up the recovery? Today on the show: How it's easier to break the economy than to fix it, and whether we can escape from the patterns of the past. Related Episodes: The Sahm Rule With The Eponymous EconomistHow much would you do this job for? And other indicators For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: podcastchoices.com/adchoices NPR Privacy Policy
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单集文稿 ...

  • NPR.

  • It's jumps Friday.

  • Woo.

  • That's right.

  • Once a month we put aside the stock market.

  • Who cares?

  • We put aside all the other indicators.

  • Never heard of them.

  • And we check in on how the workers of America are doing.

  • Yeah, about two thirds of all american adults are in the labor force.

  • And in September, 254,000 jobs were added to the us economy.

  • It's an unexpectedly strong month.

  • The unemployment rate ticked down very slightly to 4.1%.

  • It's relieving news for workers.

  • After a pretty lackluster summer.

  • We are at this critical moment in the economy.

  • Unemployment in America is like being on a sheet of ice.

  • After a few cracks, the sheet of collapses, and a lot of people lose their jobs really fast.

  • And then it's usually a long, slow, steady struggle over years to get everyone back out of the icy waters of unemployment.

  • That has been the historic pattern for almost every recession over the past 70 years.