Bloomberg Talks
Acting Labor Secretary Julie Su Talks Jobs Report
May 3, 2024
Acting US Labor Secretary Julie Su discusses sustained job growth and importance of immigrant workers under President Biden. She highlights strong job creation, connecting people to available jobs, and addressing workers' concerns for a strong and inclusive economy. The focus is on accurate economic data reporting, wage gains surpassing inflation, and initiatives for economic prosperity.
06:45
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Labor force participation rate increasing, especially for women under Biden's economic strategy.
- Reliability of economic data from Bureau of Labor Statistics emphasized by Acting Labor Secretary Julie Su.
Deep dives
Strong Job Growth and Economic Stability
The podcast episode discusses the strong job growth, stable economy, and sustainable growth under President Biden's economic strategy. The unemployment rate remains low, and there is a significant rise in the labor force participation rate, especially for women. Immigration contributes to the labor market supply, benefiting both immigrant and native-born workers. The Department of Labor focuses on connecting people to suitable jobs to sustain the current economic growth.
