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The Erick Erickson Show

S14 EP118: Hour 2 - Jobs Jobs Jobs

The Erick Erickson Show

Erick Erickson

News, News Commentary

4.5874 Ratings

🗓️ 3 July 2025

⏱️ 37 minutes

🧾️ Download transcript

Summary

Unemployment is down. Tariff implications haven't hit. Market's are doing well. But, there are warning signs.

Transcript

Click on a timestamp to play from that location

0:00.0

How would you like a 15% discount to my daily email, the stack of stuff, the show notes,

0:05.4

discounts to the conference, all of that.

0:07.2

All you need to do is text the word show to 33777.

0:11.5

You'll get the annual subscription with a 15% discount to my daily email.

0:16.8

You'll get the stack of stuff, the links to the show notes, discounts to the conference,

0:20.3

and so much more. All you have to do is text the word show,, the links to the show notes, discounts to the conference, and so much more.

0:21.5

All you have to do is text the word show, S-H-O-W, to 33-777-7.

0:27.4

Text show to 33-777-7.

0:50.3

Music. Welcome to the Eric Erickson Show podcast, Our 2.

0:56.6

Hello and welcome. It is Eric Eureksen here, and we can move beyond the one big beautiful Bill Act.

1:14.8

And, you know, if you're a subscriber to the show notes yesterday, I noted that ADP, sorry, sudden sneeze, ADP announced that there was a decline in jobs last month. and I said, look, this is the private sector data.

1:19.9

The economists like to look at the public sector data.

1:24.4

That is, the government-operated Department of Labor data.

1:30.8

ADP was wrong last month, but people are a little bit worried about the jobs.

1:35.7

Well, it turns out U.S. job growth continued at a steady pace last month. It's from the Wall Street Journal. Surprising economists who had predicted to slow down in hiring amid uncertainty

1:40.6

over trade and fiscal policy. The U.S. added 147,000 jobs in June. The Labor Department

1:46.9

reported Thursday. Above the gain of 110,000 jobs, economists pulled by the Wall Street

1:52.2

Journal had expected. The unemployment rate, which is based on a separate survey, fell to 4.1%

1:59.2

from 4.2%.

2:00.9

Revisions showed that hiring was stronger in prior months than previously thought.

2:07.3

The number of jobs added in April and May was a combined 16,000 higher than prior estimates.

2:12.6

Healthcare continues to add jobs.

...

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