What the stock market crash means for Arizonans

Slow job growth could be one reason why markets worldwide took a
nosedive on Monday. At the beginning of August, the U.S. jobs
report showed sluggish growth in July. However, the stock market
has been stabilizing. And for those of us in Arizona, things are
looking up. At least a little. Inflation is cooling - though that
doesn't mean prices are going down, except for gas prices. Those
have dropped almost 40 cents. For more than a year wages have
outpaced inflation. So why do Arizonans, and most Americans, still
feel a pinch in their pocketbooks? Groceries, housing, childcare,
health care, everything feels so much more expensive. Why doesn't
the good news feel like it's good? In this episode of The Gaggle,
hosts Ron Hansen and Mary Jo Pitzl sat down with Jared Bernstein,
the chairman of the White House Council of Economic Advisers, on
Friday, August 2, to discuss the state of the U.S. economy, how
it's affecting Arizonans, what special challenges are state is
facing, and what the Biden Administration is trying to do
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