Make Me Smart A tale of two jobs reports
Jul 3, 2025
The recent jobs report reveals the U.S. added 147,000 jobs in June, contrasting sharply with a private sector loss of 33,000. This raises questions about the reliability of job statistics amidst changing immigration policies. The discussion highlights the potential for increased surveillance stemming from these policies and their impact on citizens. The hosts also celebrate personal wins, ranging from gardening triumphs to everyday achievements, reinforcing the importance of recognizing small successes in life.
AI Snips
Chapters
Transcript
Episode notes
Strong June Job Growth
- The US economy added 147,000 jobs in June, exceeding economists' expectations.
- Despite economic headwinds, employers are not significantly pulling back on hiring.
Public vs Private Jobs Reports
- The government's jobs report includes state and local government jobs, while the ADP report covers only private-sector jobs.
- This difference explains why the government shows job growth and ADP shows job losses for June.
Immigration Crackdown's Labor Impact
- Immigration crackdown may reduce the number of job seekers, keeping unemployment rate low despite slower job growth.
- This means fewer jobs are needed monthly to maintain the unemployment rate.