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BBCNEWS Talking Business June 4, 2024 14:47:00

The market because of the unstable child care that they re facing. there s a lot less child care than there was prior to the pandemic. therefore, they can t confidently accept a job if they are working and their child care shuts down. a lot of these folks don t get paid, and then that, again, can lead to that sort of spiral of disaster that that people are worried about that is affecting their their confidence. so on that, elizabeth, no doubt you re suggesting that more policies to support childcare? well, it s definitely needed, absolutely. we haven t had the political will to provide the kind of child care infrastructure in the united states that you see in most other rich countries. and that leaves families to cobble it together by themselves, which means it s a lot less stable, a lot more likely to fall apart at the latest crisis and lead to a spiraling crisis. and that is definitely undermining people s confidence in the future. and, elizabeth, let me end on this, because if you a ....

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BBCNEWS Talking Business June 4, 2024 14:46:00

And possibly enter a sort of an eviction spiral that can lead to a really bad financial crisis. so there s a lot of anxiety among folks at the low end of the. of the labour market that folks at the higher end who are seeing these strong jobs numbers and also have a lot of savings buffer and a lot of room to cut back on extras don t experience. and elizabeth, let me ask you this. let s talk about women, because i m wondering what all of this means for women. they are the biggest consumer group, right? absolutely. you know, they had a lot of families as sole sole owners. and they also make a lot of the decisions in married couples, families. so. so to a large extent, to the consumer confidence is really about women s confidence. well, just how how is that confidence? you know, there are a lot of headwinds. women are more concentrated in lower wage jobs. they re more concentrated in these unstable jobs, in services. they are more focused on taking care of children. and so we know a lot of ....

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BBCNEWS Talking Business June 4, 2024 14:32:00

The world catches a cold. i m going to be discussing all of that with these two. there they are. steve odland, the boss of the american conference board, which collects the official data on consumer confidence, and elizabeth ananat, one of the economists who advise the obama white house. also on the show, its august peak holiday season, but with flight cancellations and holiday makers concerned about the bottom line, what s happening with the travel industry and are consumers still spending on holidays? i m going to find out from glenn fogel, the big boss of the company that owns the global online travel giant booking.com. ....

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BBCNEWS Talking Business June 4, 2024 14:44:00

Of economic advisers under president obama. she s also the professor of women and economics at barnard college, columbia university. elizabeth arnnat, a real pleasure having you on my show. thanks for your time. and elizabeth, let s start with this, because recently we ve seen president biden hail those strong jobs numbers. but are those job numbers? is that across the board? i mean, the economy, the job numbers are improving. but in terms of who s being helped most, those numbers are up above the pre recession above the pre pandemic trend line for professional services and a lot of high wage labour. but they re still well below the number ofjobs that we had in the low wage sector in, for example, leisure and hospitality, which were some of the worst hit jobs. those are still about 7% below where they were before the pandemic started. and i m wondering, elizabeth, how is job insecurity impacting on consumer confidence? ....

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It's not just food and fuel: Inflation is impacting the cost of almost everything

As widespread inflation continues to put certain purchases out of reach, families are learning to adjust their budget and their outlook. ....

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