Marketplace Morning Report Some fraying in the job market
Jun 6, 2025
The latest job report shows unexpected growth with 139,000 new jobs, particularly in education and healthcare. However, immigration policies are hindering construction and retail hiring. Meanwhile, rising unemployment poses challenges amid modest growth in leisure sectors. The discussion also reveals a personal case of online fraud involving a misleading e-commerce site. Listeners learn about the complexities of holding companies accountable in the digital realm, while holiday retail strategies are impacted by tariffs on game console imports.
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Job Market Shows Sluggish Growth
- Hiring in May added 139,000 jobs, slightly above expectations, but prior months were revised down by 90,000.
- Job growth is steady but sluggish in 2023 compared to last year's strong gains, reflecting fraying in the job market.
Sector Variances Highlight Weakness
- Health care and teaching show decent hiring, but construction and retail hiring are weak due to immigration issues and tariff uncertainty.
- Negative growth in business services and temp workers signals possible economic slowdown ahead.
BBC Reporter Caught in Online Scam
- James Graham's attempt to buy presents from an online site turned into a scam, receiving only links instead of posters.
- Despite reporting to his bank and UK fraud body, the scam site remains active, illustrating challenges in shutting fraudulent e-commerce sites.