4.8 • 1.3K Ratings
🗓️ 31 July 2025
⏱️ 27 minutes
🧾️ Download transcript
Employers announced around 62,000 job cuts in July, according to a report from Challenger, Gray & Christmas. That’s up nearly a third from June, and more than double the number of July 2024 layoffs. In this episode, we dissect whether this just a blip, or something to stress about. Plus: Federal data erosion comes with consequences, prices rise but stay behind wage growth, and private equity takes notice of the youth sports market.
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0:00.0 | On the program today, all the economic data you could possibly want, and then some from American public media. |
0:10.7 | This is Marketplace. |
0:19.3 | In Los Angeles, I'm Carl Rizzo. It is Thursday, today, the very last day of July |
0:25.1 | 2025. Good as always to have you along, everybody. I said earlier this week, Monday, I think, |
0:31.2 | that this was going to be a very economic data intensive week. And look at this. I was right. The biggie is, of course, yet to come. |
0:39.1 | The July jobs report is tomorrow. But today brought us the personal consumption expenditures price |
0:44.6 | index. Everybody say it with me now. The Federal Reserve's preferred measure of inflation. |
0:50.1 | Prices up 3 tenths percent in June, that's month to month. 2.6% from a year ago. Those are the headline numbers. |
0:57.2 | Core data, which takes out food and energy, was actually a little bit higher. |
1:01.1 | Point being, incremental though the increases were, prices are going up. |
1:07.2 | Marketplace to Subri Beneshire explains what is happening. |
1:11.3 | It's getting a little more expensive to buy a flight and have a vacation. |
1:15.6 | In particular, it's costing Americans more to travel abroad. |
1:20.7 | Omer Sharif is president of inflation insights. |
1:23.0 | It's getting a little more expensive to live in a home. |
1:26.5 | Shelter continues to add. |
1:28.1 | And then we had a pretty big bump up in health care costs as well in June. |
1:32.3 | And it is getting more expensive to just buy stuff. |
1:37.1 | Things like apparel, appliances, furniture, and bedding, TVs. |
1:41.4 | On a month-over-month basis, they increase by 0.53%. We haven't had a number |
1:46.8 | that strong since January of 2023. Back in December, the yearly inflation rate for goods, |
1:52.9 | excluding autos, was two-tenths of a percent. In June, it was one-and-one-tenth percent. |
... |
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