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Marketplace® is the leading business news program in the nation. We bring you clear explorations of how economic news affects you, through stories, conversations, newsworthy numbers and more. The Marketplace All-in-One podcast provides each episode of the public radio broadcast programs Marketplace, Marketplace Morning Report®and Marketplace Tech® along with our podcasts Make Me Smart, Corner Office and The Uncertain Hour. Visit marketplace.org for more. From American Public Media. Twitter: @Marketplace
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Join our Uncomfortable book club!
Hey y’all! We’re working on a new season coming at you this August, but over the summer we’re trying something new: The Uncomfortable Book Club! Every other week our newsletter will showcase a book that made us think differently about life and how money messes with it. All the details are in this episode, and when you sign up before June 15 at Marketplace.org/bookclub, you’ll be entered to win some merch from the show. Happy reading!
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The monthly jobs report paints a brighter picture than expected
The economy added 272,000 jobs in May; Fed officials to meet next week; GameStop announces quarterly sales decline; China’s exports increase.
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Woah, that’s a lot of jobs
We learned this morning that the U.S. economy added 272,000 new jobs in May. That’s a lot more than many economists predicted. On the other hand, the unemployment rate did tick up to 4%. We’ll put those numbers into context. Then, two federal agencies are launching two separate antitrust probes into the giants of the artificial intelligence race. And later: a look at candy maker Bazooka’s recent injection of investment money from major athletes.
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What to expect when you’re expecting a jobs report
How many people got hired and how many people were unemployed last month? We’ll find that out later this morning when the government releases U.S. jobs numbers. Economists are predicting hiring remained steady compared to the month before. We’ll hear why the figures are important to the Federal Reserve, as well as what they hint about AI’s impact on the workforce. Plus, how can cities get out of “a real estate doom loop?”
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Samsung workers go on strike
From the BBC World Service: Workers belonging to the largest union at tech giant Samsung have gone on strike for the first time ever over a pay dispute. Then, McDonald’s no longer has the exclusive right to market chicken Big Mac. Also, and nearly 2 million more teenagers will be eligible to vote in EU elections, and a woman who says she inspired “Baby Reindeer” is suing Netflix for defamation and damages.
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Bytes: Week in Review – AI whistleblowers, Facebook’s future, and meme stock backlash
It’s cornered the market for boomers. Now, Mark Zuckerberg’s Meta hopes to make Facebook once again a favorite social media app for young adults. Plus, the Wall Street Journal reports E*Trade is considering whether to give the boot to user Roaring Kitty, who helped ignite the 2021 meme stock craze. In case you missed it, yes, the craze is back. But first, there’s yet another open letter on AI. This whistleblower letter comes from more than a dozen current and former employees at major AI companies. They warn of the risks posed by the technology being developed. Marketplace’s Lily Jamali is joined by Natasha Mascarenhas, reporter at The Information, for her take on this week’s tech news.