Hello, everyone. I'm Kimberly Adams. Welcome back to Make Me Smart, where we make today make sense.

And I'm Rima Grace. Thank you, everyone, for joining us on this Thursday, July 3rd.

Yes, it is a news and smiles kind of day, one day out from the 4th of July.

So let's get into it.

Rima, why don't you go first?

All right.

I want to talk about the jobs report that came out today because it gives us a pretty good snapshot of how the economy is holding up right now.

And overall, the numbers are looking pretty good.

So hiring in June was better than what economists expected. The economy added 147,000 jobs last month. And we saw the biggest gains in health care and in state and local governments. The unemployment rate, it fell slightly to 4.1% from 4.2%. Still means, you know, we're in a pretty good territory, historically speaking.

One area where we did see job losses, though, was manufacturing employment there fell for

the second month in a row, which could be a sign that manufacturers might be holding off

and hiring because of all the uncertainty around tariffs.

Also, you know, not a lot of growth in leisure and

hospitality either, which coincidentally or not so coincidentally are sectors that rely heavily

on immigrant labor, so that could be a sign that Trump's crackdown in immigration is

affecting the job market. But if you take a step back looking at these numbers, hiring is still

solid. And that tells us something

that even with all of the economic headwinds, the uncertainty around tariffs, the cuts to the

federal government, the high interest rates, despite all of that, it doesn't seem as though

employers are really pulling back in a big way. And meanwhile, Trump, he has been putting a lot of pressure on Fed chair, Jay Powell. Trump wants

the Fed to cut interest rates to make borrowing cheaper. And he is pretty angry that Powell isn't doing

that, especially as the government is trying to pass this massive package of tax cuts that's going

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