Peter St Onge Podcast Ep 138 Weekly Roundup: What's Driving the Jobs Crash
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Sep 15, 2025 The podcast explores the troubling trends in the job market, revealing discrepancies between reported employment and underlying realities. It discusses how recent policy changes have impacted the U.S. postal system, including the decline in postal traffic. The shifting relationship between the dollar and gold is also highlighted, with central banks increasingly favoring gold as a hedge against inflation. Overall, the conversation sheds light on the complexity of economic indicators and their broader implications.
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Jobs Fall From Population Losses Not Pure Layoffs
- Peter St. Onge argues reported job losses largely reflect a shrinking immigrant labor force and federal layoffs, not collapse in native employment.
- He concludes that net job growth for Americans may be stronger than headline BLS numbers imply.
Housing Moves Versus The Interest-Rate Reality
- Declaring a national housing emergency can free federal lands, loosen tariffs, and adjust zoning to boost supply.
- However, interest rates dominate house prices and rate cuts tend to raise, not lower, home values over time.
Use Policy Levers To Open Starter Homes
- Use deportations, federal land leasing, and tariff exemptions as immediate levers to increase starter-home supply.
- Pair developer tax breaks and zoning changes to accelerate low-cost housing construction quickly.