Slo-mo jobs growth
Marketplace
American Public Media
4.6 • 8K Ratings
🗓️ 3 September 2025
⏱️ 27 minutes
🧾️ Download transcript
Summary
Job growth has slowed this summer as employers ride out President Trump's economic shakeups. Thanks to uncertain tariffs, funding cuts, and the immigration crackdown, most companies aren’t eager to hire right now. Even the health care sector is showing some cracks. Also in this episode: The number of American homeowners fell for the first time in a decade, economists explain how the U.S. became the economic data gold standard, and revenue from website ads grow more popular among retailers.
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Transcript
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| 0:00.0 | Just so as you know, it's going to be a pretty data-heavy program today. |
| 0:07.7 | Sorry. |
| 0:09.1 | From American Public Media. |
| 0:11.4 | This is Marketplace. |
| 0:18.0 | In Los Angeles, I'm Kyle Rizdahl, 3 September today, Wednesday. Good as always to have you along, everybody. |
| 0:29.4 | This is one of those weeks it feels like where politics is sucking all the air out of the news cycle. Congress is back and inside the beltway goings on or going on |
| 0:40.0 | a lot and everywhere. But once again and always the economy is not waiting around. And the metric |
| 0:46.5 | of choice this week is the U.S. labor market. The August jobs report comes out on Friday. |
| 0:52.9 | Today it was the job openings and labor turnover survey, jolts in the vernacular, for the month of July. The headline was that pretty much everything is status quo, job openings, layoffs, hiring, people quitting, all about the same as last month. But to quote friend of this program, Heather Long, |
| 1:12.7 | the chief economist at Navy Federal, this job market is frozen, she wrote this morning. And as |
| 1:18.6 | marketplaces Samantha Fields reports, things are especially chilly in one key industry. |
| 1:24.3 | The job market is just kind of stuck. Not much is really going on. |
| 1:28.3 | If you have a job and you're very happy with it, things are peachy. |
| 1:32.4 | Guy Berger at the Burning Glass Institute says that's because layoffs are low, so you're |
| 1:36.7 | unlikely to lose your job. But if you're looking for one because you're not happy with yours |
| 1:41.2 | or because you're unemployed, man, it's tough. It's tough to find a job. But that's sort of been the picture for the past |
| 1:48.1 | year and has not fluctuated very much. Not in any dramatic way. The labor market has been cooling, |
| 1:54.5 | though. Daniel Jow at Glass Door says for months now, |
| 1:58.3 | healthcare has really been the only industry that has continued to power along. |
| 2:03.0 | But now it looks like hiring in healthcare is starting to slow down too. |
| 2:06.9 | And that is concerning because healthcare has been the reliable pillar of strength for the job market. |
| 2:14.0 | If not for healthcare and social assistance, we would have actually had net |
... |
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