S1: The latest jobs report shows unemployment is down and workers are gaining more leverage.
S2: Things are looking up and I expect that the situation will be similar here in San Diego.
S1: I’m Andrew Bowen with Maureen CAVANAUGH. This is KPBS Midday Edition. On this Labor Day. Polls show American support for unions is at its highest in 57 years.
S3: I think that most people have reevaluated the need for unions because they’ve just made it through this pandemic. They’ve seen really what can happen with staggering income inequality.
S1: A new series dives into what’s been dubbed the largest Ponzi scheme in San Diego history. And a local nonprofit is working to make Ebikes more affordable to the working class. That’s ahead on KPBS Midday Edition. Amid high inflation and looming recession indicators , the U.S. economy still managed to add 315,000 jobs during the month of August. And while San Diego continues to boast one of the lowest overall unemployment rates in the country , its overall labor force participation is down. Joining us now with the regional economic outlook is Professor Alan Jin , an economist at the University of San Diego. And Professor Jen , welcome.
S2: Thanks for having me.
S1:
S2: We added over 300,000 jobs in August. And the unemployment rate , although ticked up some to 3.7% , is still near historic lows. Any time you’re of 4% , that is considered full employment then by by economists. And so the labor market is pretty strong right now. It’s kind of tight….
