The Hustle Daily Show
Inflation is down, unemployment is up, the economy is… both?
Jul 12, 2024
Exploring recent economic data with updates on inflation, job growth, and retail response in the US. Analysis of job market trends and implications of rising unemployment. Plus, progress in left behind counties with significant job growth despite past economic challenges.
17:28
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Quick takeaways
- Inflation rate decrease allows potential for Federal Reserve's interest rate adjustment.
- Job growth in left-behind counties improves, but unemployment rate rises creating economic concerns.
Deep dives
Overview of the U.S. Economy
The podcast discusses the recent economic developments in the U.S., highlighting positive trends like a slight decrease in consumer prices in June, a dip in the inflation rate to its lowest point in a year, and the addition of 206,000 jobs in June. However, the unemployment rate slightly rose to 4.1%, the highest since November 2021, raising concerns about the economic landscape.
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