Economic Policy Institute's Shierholz on Jobs Report

The transcript discusses unexpected job growth, particularly in leisure and hospitality, and its impact on the economy. It addresses concerns about the Delta variant's potential effects and inflation's impact on living standards. The discussion highlights wage growth in specific sectors and the role of fiscal stimulus in economic recovery, emphasizing the need for strategic policy decisions.

What are the two different measures of inflation mentioned in the text?

How does the report suggest policymakers should react to the current economic situation?

What is the significance of wage growth in the context of the labor market?