Planet Money Predictions: Jobs!
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May 19, 2023 In this exciting prediction showdown, economic forecasters reveal their insights on job growth, housing prices, and inflation trends. With surprising job creation on the docket, they navigate the complexities of the fluctuating economy, while engaging in lighthearted banter. Amidst discussions on the looming recession and tight labor market influenced by retirements and immigration, they project an optimistic view on inflation decreasing. It's a spirited competition where accuracy and humor collide as they make bold predictions for the future!
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Diane's Return
- Diane Swonk, a three-peat guest, returns to Planet Money Predictions.
- Despite previous wins, she acknowledges the humbling nature of economic forecasting.
Sung's Approach
- Sung Won Son prioritizes data analysis and conversations to improve his predictions.
- He believes this approach helps identify current trends missed by lagging economic indicators.
Housing Market Concerns
- Diane Swonk expresses concern about the housing market, despite winning the prediction category.
- She notes bidding wars, adjustable-rate mortgages, and affordability challenges persist.