Boom Bust Season 2 Episode 141 Disappointing BLS Numbers and Understanding Californias Drought

In Season 2, Episode 141 of Boom Bust, the focus is on two important topics that are impacting the United States economy today - disappointing BLS (Bureau of Labor Statistics) numbers and California's drought.

The episode begins with a discussion on the recent BLS report, which revealed that the US job market added fewer jobs in August than expected. The experts on the show analyze the numbers and explain why this is concerning for the overall health of the economy. They examine the sectors that lost jobs, especially in local government workforces, education, and the travel and hospitality industry. The panel discusses how the market reacted to the disappointing numbers and predicts the impact it could have on the Federal Reserve's decision to taper stimulus measures.

The second half of the episode delves into the severe drought that California is currently experiencing. A panel of experts, including a sustainability strategist, an environmental scientist, and a water rights attorney, discuss the underlying factors of the drought crisis in California. They explain how the state's water infrastructure is outdated and insufficient, and how despite the ongoing issues, it has become a significant agricultural powerhouse in the United States. The guests provide actionable solutions for people to help conserve water and what industries should be targeted with new reforms.

The show also provides an overview of the pros and cons of different policy solutions, such as desalination plants, rainwater harvesting tanks, and fixing leaks in distribution systems. The experts also speculate on how much worse the drought could get in the coming years and what the economic impact could be on California, which is the world's fifth-largest economy.

In summary, Season 2, Episode 141 of Boom Bust provides insightful commentary and analysis on two critical matters that are affecting the United States economy - disappointing BLS numbers and California's drought. Anyone interested in economics, sustainability, or public policy will find this episode to be informative and thought-provoking about these critical issues.