Bloomberg Surveillance
US Jobs Roar Again as Payrolls Jump 303,000
Apr 5, 2024
Neil Dutta, Ira Jersey, Julia Pollak, and Claudia Sahm discuss the robust US job report with 303,000 added jobs, growth trends, Federal Reserve policy impacts, and immigrant contributions to the economy. They delve into market reactions, wage trends, and labor market dynamics, highlighting the significance of addressing structural job issues for economic productivity.
39:55
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Quick takeaways
- Inflation has caused a 36.5% increase in grocery list costs since 2019, prompting shoppers to cut $37 worth of items.
- Young investors are turning to retailers like Costco for affordable gold bars as gold prices reach record highs.
Deep dives
Inflation Impact on Grocery Shopping
The Wall Street Journal analyzed Nielsen IQ data revealing that a grocery list that cost $100 in 2019 now costs 36.5% more due to inflation. Items like eggs and sports drinks have surged about 40%, prompting shoppers to remove $37 worth of items to stay within the same budget.
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