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Bloomberg Surveillance
Surveillance: Julie Su on US Hiring Surge
Oct 6, 2023
Julie Su, United States Acting Secretary of Labor, discusses US payrolls growth. Randy Kroszner talks about a possible Goldilocks scenario in the labor market. The podcast also covers Amrita Sen's call for $100 oil by Halloween and the challenges faced by the bond market.
30:01
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Quick takeaways
- Negotiations between UAW and employers focus on fair contracts for workers, emphasizing the resurgence of worker power in demanding improved conditions.
- Higher real yields positively impact the Federal Reserve's goal of a strong labor market without excessive inflation, allowing firms to invest and hire.
Deep dives
Labor Market Negotiations: UAW and Health Care Strikes
The podcast episode discusses the ongoing negotiations between the UAW and employers, focusing on the issue of record contracts for working people when corporate profits are high. The Acting US Secretary of Labor shares that the negotiations are ongoing, with both parties involved in the collective bargaining process. The demands for wages and conditions are being addressed, and there is a sense of optimism in reaching a resolution. The podcast also highlights health care strikes and the resurgence of worker power in demanding fair and improved working conditions.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode