What to expect in the April jobs report
Summary
Marketplace examines a resilient job market with ADP reporting 109,000 new private-sector jobs, despite concerns over wage stagnation and healthcare dependency. The episode analyzes how the Iran war and Strait of Hormuz closure are driving oil prices up, leading to "demand destruction" as consumers cut back. Additionally, reports cover a severe water crisis threatening Corpus Christi’s energy sector, rising streaming subscription costs, and shifting barbershop culture due to inflation.
Topics discussed
Sponsors: VantageScore and Morgan Stanley
Labor market update: ADP jobs report and wage growth concerns
Oil markets: Demand destruction and the Strait of Hormuz
Drought crisis in Corpus Christi, Texas
Small business hiring: A custom framer in Detroit
Market numbers: Dow, Nasdaq, S&P 500, and stock movers
Sponsors: Puerto Rico, QuickBooks, and FFRF
Streaming wars: Disney earnings and rising subscription costs
Barbershop culture: Rising prices and changing social dynamics
Closing notes: Economic commentary and credits
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