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Transcripts For KQED Nightly Business Report 20240622

Every month but this time around everybody is waiting for it. Thats because the first Interest Rate hike in nearly a decade is on the table. The Federal Reserve chair has repeatedly said that the central bank is dependent and job market is central to its decision. As Hampton Pearson reports, the day before the critical report we got additional clues as to the health of the labor market. Reporter one day before the all allimportant jobs report the number of americans filing firsttime unemployment claims rose to 270,000. Another sign the labor market is and at the same time a closely watched report in the private sector shows layoffs topped 105,000 last month, a fouryear high with more than half the cuts coming from the military. Last week the fed up graded its assessment of the job market describing employment gains as solid. A jobs report in line with the Consensus Forecast for 215,000 new jobs last month and the Unemployment Rate Holding Steady at 5. 3 could strengthen the hand of mar

Transcripts For KQEH Nightly Business Report 20240622

Every month but this time around everybody is waiting for it. Thats because the first Interest Rate hike in nearly a decade is on the table. The Federal Reserve chair has repeatedly said that the central bank is dependent and job market is central to its decision. As Hampton Pearson reports, the day before the critical report we got additional clues as to the health of the labor market. Reporter one day before the all allimportant jobs report the number of americans filing firsttime unemployment claims rose to 270,000. Another sign the labor market is and at the same time a closely watched report in the private sector shows layoffs topped 105,000 last month, a fouryear high with more than half the cuts coming from the military. Last week the fed up graded its assessment of the job market describing employment gains as solid. A jobs report in line with the Consensus Forecast for 215,000 new jobs last month and the Unemployment Rate Holding Steady at 5. 3 could strengthen the hand of mar

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