Marketplace

The job market is the tightest it’s been in over three years — but don’t freak out. There are still more open positions than there are job seekers right now. But some experts are stressing about what the labor market may look like in a few months. Would potential interest rate cuts influence job creation in 2025? Also in this episode: The services sector is looking better than manufacturing, U.S. war stockpiles have climate-friendly uses and we check in with a former restaurateur who pivoted to consulting.

Nearly a quarter of overweight or obese adults in the U.S. have taken a GLP-1 — a class of weight loss drugs that includes Ozempic. But in some states, Medicaid doesn’t cover GLP-1s, though low-income Americans are more likely to be overweight or obese. In this episode: Who can access or afford this new medicine? Plus, striking hotel workers want higher pay and a return to pre-pandemic norms, the Federal Trade Commission is making it easier to cancel unwanted subscriptions, and the manufacturing sector is in a rut.

Consumers’ long-term economic outlook were a bit more positive in August, data from the University of Michigan shows. So if your in-laws were in a better mood on Labor Day than they were, say, on the Fourth of July, that could be why. In this episode, we get into why some Americans are feeling good about the economy while others still feel like they’re struggling to make ends meet. Plus, pediatricians have to make tough decisions about how many COVID-19 vaccine doses to purchase and new Department of Transportation rules require airlines to reimburse passengers’ costs for canceled and significantly delayed flights, no matter the cause.

New data shows that while consumer spending is strong, Americans aren’t saving like they used to. But the pandemic made year-to-year comparisons a bit misleading. So are consumer habits normalizing after an unusual economic period, or should we be concerned that savings have taken a dip? Also in this episode: Some businesses prefer to operate on a “fiscal” calendar, public swimming pools try to stay afloat and corporate tax changes may be important in this year’s election.

Why is the U.S. dollar losing steam? The short version: Falling demand for the currency drags its value down. Since the Federal Reserve is likely to cut interest rates soon, investors aren’t racing to buy U.S. bonds. And you need U.S. dollars to buy U.S. bonds … you get the picture. In this episode, more on currency fluctuations — and why the dollar losing value isn’t all bad. Plus: Businesses investing in themselves drove up second-quarter GDP, China has a burgeoning black market for Nvidia semiconductors and human bodies make great compost.

What if every American household and business had access to high-speed internet? That’s what the Broadband Equity, Access, and Deployment program, a federally funded project, aims to accomplish. As part of our “Breaking Ground” series, we visit a town in Kentucky that’s had universal fiber-optic internet connections since 2014, thanks to a cable utilities cooperative and Great Recession-era stimulus funding. Could McKee be a model for what the U.S. might look like if the BEAD program achieves its goal?

Roughly 200,000 Kentucky households lack internet access or are “underserved,” according to Meghan Sandfoss, executive director of the state’s Office of Broadband Development. It’s her job to open digital doors for all those residents, rural and otherwise — a tricky task that involves coordinating federal, state and local offices as well as internet service providers, nonprofits and engineers. In this episode, we’ll upack the process of hooking up homes to a fiber-optic network, including getting local buy-in, developing detailed maps and navigating environmental challenges.

Bringing high-speed internet access to every U.S. household is one goal of the Bipartisan Infrastructure Law. To do that, we’re gonna need a lot more fiber-optic cables. Per the Build America Buy America Act, the $42 billion in federal funding designated for expanding high-speed internet access has to be spent on American-made cables and the optical fibers that make them up. So in this episode, we’ll visit a factory in Claremont, North Carolina, to see how they’re made and learn why the U.S. wants fiber prioritized over other ways to connect to the internet.

In this century, reliable internet access isn’t just a want — for many, it’s a need. The federal government is spending billions to bring broadband to underserved areas, but in the meantime, for residents of those hard-to-reach places, libraries are often the only place to access high-speed internet. In this episode, we visit an internet-providing library in rural Kentucky. Plus: Automakers expected a faster EV investment payoff, and prospective homebuyers play the falling-mortgage-rate waiting game.

For many old hotels and motels, the most reliable guests may be ghosts in the attic. Unfortunately, they’re not paying the nightly rate. Worse, many hotels with empty rooms are surrounded by communities suffering housing shortages. Instead of closing their doors, they’re being converted into transitional housing for low-income people with the help of nonprofit organizations. In this episode, we visit one. Plus, retirees feel financially stable while working Americans don’t, Fortune 500 firms fear AI and rural parents struggle with living in “child care deserts.”

The Bureau of Labor Statistics just revised its count of new jobs created between March of last year and March of this year. Although revisions are routine, this was a big one: 818,000 fewer than it initially calculated. In this episode, what the new numbers means for the labor market and the Federal Reserve. Plus, a pig farmer keeps tabs on the presidential race, retailers use “newness” to reel in shoppers, and the U.S. counties with the best and worst employment growth.

The gap between median household income and median income for homebuyers in the U.S. has been growing, putting housing affordability in its “worst spot” in the last 40 years, an economist told us. In this episode: How homeownership got so out of reach. Plus, a tax deduction business owners love expires in 2025, community colleges that are more training ground than stepping stone, and the debate over open-source AI.

When consumers can’t afford what they used to, many are drawn to inexpensive luxuries. Take the so-called lipstick index: When the economy slumps, lipstick sales go up. So what does it mean, economically, that luxury beauty brand Estée Lauder reported sales were down 2% compared to last year? In this episode: shifting consumer beauty habits in the U.S. and China. Plus, everyone’s signing NDAs these days, convenience stores are upping their grub offerings and California fast-food workers got a major raise, but what about prices?

The presidential campaign has been full of economic promises. Do you pick the contender vowing to reduce food costs and invest in housing? Or the one promising more tariffs and oil drilling? Promises can become targets for the opposition, even if they have little chance of being carried out in their original form. Which leaves some voters wondering: Do policy goals pitched on the campaign trail matter? Plus: The insurance boogeyman creeps up behind condos and a Pennsylvania town navigates life without a coal plant.

Even though unemployment has bumped up, retail sales are going strong. Consumers spent $7 billion more in July than in June, the Census Bureau reported. Food, clothing, appliances and other categories saw sales growth over 2023. In this episode, is all that spending the force that’s keeping our economy afloat? Plus, the pros and cons of “dual agency” in real estate transactions and why Atlanta Federal Reserve President Raphael Bostic counsels patience.

For the first time in years, the consumer price index — one measure of inflation — fell below 3%. That’s good for Americans and the Federal Reserve, which has a dual mandate to maintain stable prices and maximum employment. But as inflation has chilled out, so has the job market. What can the Fed do about it? Also in this episode: Mars bets that America will keep snacking, the lag in housing inflation data, and one interest rate to rule them all?

When you think “high prices,” you might think of stressed family budgets. But small businesses have to pay up too. Nevertheless, small-business optimism hit a two-year high last month, but it remains under the 50-year average. We’ll visit a boutique in New York and a bookstore chain in Georgia to get entrepreneurs’ on-the-ground perspectives. Also in this episode: New labor data could signal that interest-rate cuts are imminent, snack companies cook up Ozempic-friendly treats and Canada steps into the crude oil supplier spotlight.

Last week, when the stock market took a tumble, some investors put their cash into bonds instead. Why? Well, we tend to think of the stock and bond markets as having an inverse relationship: when stocks do well, bonds do worse. But when the economy gets wonky, that relationship doesn’t necessarily hold. Also in this episode: Aging Chinatown residents struggle to pass the baton, consumers guess where the economy is headed next, and we ride an Amtrak train from Los Angeles to Portland, Oregon.

A lot of folks like to weigh in on what the Federal Reserve should do with interest rates; Donald Trump said this week that if he were to reoccupy the White House, he should have a say in setting monetary policy. But keeping the Fed free of political pressure is important for several reasons. We’ll get into them. Also: Oklahoma tribal nations fill a gap in federal food aid for kids, Oregon ranchers deal with major wildfire losses, and theme park attendance dips.

The back-to-school shopping season is well underway. But with stubborn high prices in this economy, how will parents get their kids ready without feeling financially burdened? Also: decoding quarterly earnings, what goes into pricing mortgage rates, and why airport food is so expensive. Plus: A projectionist remembers his reel life.