Marketplace Morning Report

Younger workers typically feel more optimistic about the job market than older ones, but a new Gallup poll found that only 43% of Americans aged 15 to 34 thought that last year was a good time to find a job. That’s compared to 64% of those above the age of 55. The optimism of young workers has dropped by 27 points since 2023, potentially signaling the influence of AI. Plus: a breakdown of the costs, both human and financial, of Nebraska’s Medicaid eligibility rollout and a look into the impact of rising gas prices on inflation.

An announcement from Meta that information about employees’ keystroke and mouse movement would be collected and used to train its artificial intelligence has reportedly caused turmoil within the company. But the concept of harvesting data from everyday digital interactions isn’t new. “Marketplace Morning Report” Host Sabri Ben-Achour spoke with Panagiotis Ipeirotis, a professor of Technology and Business at NYU Stern, about how seemingly innocuous online activity can be used to train AI. But first: rising gas prices are making some Americans cut back, but the k-shaped economy knows no bounds.

President Donald Trump has tried to pressure foreign countries to invest in the U.S. by threatening tariffs. But for decades, the federal government has also been putting on the SelectUSA Investment Summit, a giant trade show where states and businesses try to attract foreign investors. We have a dispatch from this year's Investment Summit. Plus, some of Trump's latest tariffs have been deemed illegal. And: a better-than-expected jobs report and some slower-than-expected World Cup hotel bookings.

This morning, the Bureau of Labor Statistics released fresh jobs data for April. Unemployment remained unchanged at 4.3%, and the overall economy added 115,000 new jobs. A warmer-than-average April resulted in strong seasonal hiring, though it may be too early to see drags from war and high gas prices. Then later, we'll check in with the owner of a Virginia tea shop, who — like many small business owners — has been buffeted around by changing tariff policy.

Labor productivity has been on a growth streak for the past year and a half. It increased 0.8% in the first quarter of this year, according to the Bureau of Labor Statistics, and is up almost 3% from a year ago. How much of this boils down to AI? Also on the show: threatened tariffs against the European Union and a conversation about U.S. dollars, the oil shock, and investment from Gulf countries.