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On The Market

178: Jobs Grow, Unemployment Plummets, But Americans STILL Bearish on Economy

Jan 11, 2024
The podcast discusses the negative economic sentiment among Americans, despite positive job growth and wage increases. They explore the concept of labor hoarding and how it affects the economy and real estate investing. The hosts also talk about the impact of remote work on job applicants and real estate investors. They analyze how media influences people's perception of the economy and discuss the trend of corporations building 'company towns' to attract young technology talent. The episode concludes with gratitude to listeners and a promotion for a free report on real estate investing in 2024.
30:20

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Quick takeaways

  • Despite positive macroeconomic indicators, Americans exhibit low sentiment and dissatisfaction with the economy due to high prices and the unequal distribution of economic growth.
  • Certain corporations are developing 'company towns' to alleviate housing affordability challenges and retain employees, offering convenience and a sense of community.

Deep dives

Labor market report: Robust job growth and wage growth

The US labor market has experienced robust job growth, with an addition of 216,000 jobs in December and a steady unemployment rate of 3.7 percent. The gains came from various sectors, including government, healthcare, and social assistance. Wage growth has also increased at a rate of 4.1 percent, surpassing inflation. Economists attribute this growth to the recovery from COVID-19 and increased consumer spending, which fuels the economy and leads to job creation.

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