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'Marketplace' Report: Employment Outlook

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'Marketplace' Report: Employment Outlook

Business

'Marketplace' Report: Employment Outlook

'Marketplace' Report: Employment Outlook

  • Download
  • <iframe src="https://www.npr.org/player/embed/14238531/14238506" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

For the first time in four years, the number of jobs in the United States has dropped, as employers cut 4,000 jobs in August. Some economists say they underestimated the effect of the U.S. credit crunch and subprime mortgage woes on the wider economy. Steve Tripoli of Marketplace talks with Robert Smith about the Fed's response to the bleak job report and what impact the drop might have on the economy and consumer confidence.