4.6 • 8K Ratings
🗓️ 3 July 2025
⏱️ 29 minutes
🧾️ Download transcript
On California farms, ICE raid fears persist — at least half of the state’s crop workers are undocumented. As a result, the farms that grow three-quarters of U.S. fruits and nuts are experiencing worker shortages as harvests begin. In this episode, Trump's immigration policy clashes with the realities of labor-intensive farm work. Plus, growth on the June jobs report may be overstated, lower tariffs are still tariffs, and we check in on the import sector.
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0:57.3 | A Thursday jobs day and a three-day weekend? |
1:01.6 | Doesn't get any better than that, now does it? |
1:04.5 | From American public media. |
1:06.9 | This is Marketplace. |
1:17.9 | Thank you. This is Marketplace. I'm Kyle Rizdal. It is Thursday. Today, the 3rd of July. Good as always to have you along, everybody. |
1:24.4 | The good people at the Bureau of Labor Statistics get the day off tomorrow |
1:28.3 | say they deliver to us the June jobs report this very morning. And I think it's a fair thing |
1:34.1 | to say the 147,000 jobs this economy added last month caught nearly everybody a bit surprised. |
1:40.8 | So we're going to talk about that and a couple of other things with Heather Long. |
1:49.9 | She's a chief economist at Navy Federal Credit Union. Hi, Heather. Hi, Kai. So, a quick take, |
1:55.0 | 147,000 new jobs. The unemployment rate actually goes down to 4.1%. What do you think? |
2:03.1 | Wow. I mean, that's what I said as soon as I saw it. Wow, look at this. Like you said, way better than expected on all the headline numbers, more jobs added than expected unemployment rate going down. Even |
2:09.0 | the revisions for April and May went up, not a lot, but a little bit. That's certainly better |
2:14.7 | than what we've seen the past few months. I will say when I |
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