Summary
The U.S. economy created 311,000 jobs in February, more than expected, as the unemployment rate rose to 3.6 percent. But that came as the labor force participation rate improved and more than 400,000 workers jumped back into the workforce, something noted by President Biden Friday after the report was released. Economist Julia Coronado of MacroPolicy Perspectives joins Geoff Bennett to discuss. For a transcript of this story, click here . News wrap alternative : Check out recent segments from the NewsHour, and choose the story you’re most interested in watching! You can find stories from the weekend here and here . You can make a Google doc copy of discussion questions that work for any of the stories here.Five Facts
- Who is interviewed for this story, and what is her background?
- When (what period of time) does the jobs report cover?
- How many jobs were added nationally in February?
- Why does Julia Coronado call this report a "Goldilocks report"?
- What is the Silicon Valley Bank, and why might its failure affect the larger economy?
Focus Questions
In this story, economist Julia Coronado says that the latest jobs report is a "Goldilocks" report, in that it showed the economy was not growing too fast or too slow. She says that this is because while job hiring is up, that hasn't increased inflation, or the cost of the goods and services people buy.- Why do you think more people having jobs leads to inflation?
- Coronado also mentions that greater flow of immigration is a good sign for the economy. Why do you think she makes that connection?
For More
What students can do : Could a banking crisis derail a fast growing economy? And what exactly is a banking crisis? First, read the following article, and then discuss: What do you think caused the current crisis, and what are its risks to the larger economy?Federal government moves urgently to avert potential banking crisis
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