Marketplace covers a range of economic stories. Despite a 55-year low in jobless claims, the labor market remains tough for the long-term unemployed, underemployed, and new graduates. States are suing the federal government over new Medicaid work requirements. Uber is laying off a tenth of its customer service department and replacing them with AI chatbots. Meanwhile, a surge in family travel is changing the luxury resort landscape.
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Highlights
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Low-Hire, Low-Fire Labor Market
Jobless claims are at a 55-year low, but the market is characterized by low hiring and low firing, leaving many long-term unemployed, underemployed, and new grads without opportunities.