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Bloomberg Daybreak: US Edition
Daybreak Weekend: US Jobs, UK Food and Culture, China Economy
Jan 4, 2025
Kate Crader, Bloomberg's food editor, delves into London's culinary renaissance, highlighting the rise of innovative dining experiences and the popularity of Japanese cuisine. Jenny Marsh, team leader for Greater China EcoGov, offers insights into China's economic challenges, including rising debt and a struggling property market. Both guests discuss the implications of these trends for the future, from UK food culture to China's pivot toward consumption-driven policies as it navigates international tensions.
38:37
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Quick takeaways
- The anticipated December Jobs Report forecasts a slower job growth of 155,000, reflecting challenges in the US labor market.
- China's economy is facing downturns, prompting authorities to focus on boosting consumption to stimulate recovery despite existing challenges.
Deep dives
The December Jobs Report Outlook
The discussion centers on the anticipated December Jobs Report, forecasting a deceleration in job growth compared to previous months. An estimated 155,000 jobs are expected to have been added, which is lower than the average monthly pace of 180,000 jobs seen throughout the year, reflecting a cooling labor market. Factors impacting this slowdown include the conclusion of hurricane season and the resolution of temporary labor disruptions, such as the Boeing strike. The increasing duration of unemployment, now around 10.5 weeks, coupled with rising unemployment rates, indicates challenges ahead for job seekers.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode