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The NPR Politics Podcast
Americans Say The Economy's Bad, But Spend Like It's Good
May 13, 2024
White House correspondent Asma Khalid, chief economics correspondent Scott Horsley, and national political correspondent Mara Liasson discuss the disconnect between positive economic indicators and public sentiment, challenges faced by the Biden Administration in gaining recognition for economic achievements, and the complexities of presidential economic communication.
15:26
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Quick takeaways
- Consumer sentiment influences economic perceptions, impacted by gas prices and stock market trends.
- Inflation, higher than desired, contributes to widespread discontent despite positive economic indicators like job growth and wage increases.
Deep dives
Current State of the Economy
The job market remains strong with US employers adding 175,000 jobs in April. Unemployment rate has been under 4% for over two years. Inflation is still elevated with March's rate at 3.5%. Despite wages rising faster than prices, consumer sentiment hit a six-month low, indicating pessimism about the economy.
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