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Prof G Markets

The Jobs Report Is Worse Than It Looks

Prof G Markets

Prof G Media & Vox Media

Entrepreneurship, Investing, Business

4.31.4K Ratings

🗓️ 12 February 2026

⏱️ 36 minutes

🧾️ Download transcript

Summary

Ed Elson breaks down the January jobs report with Kathryn Anne Edwards, Labor Economist and host of The Optimist Economy podcast. They discuss why 2025 was the worst “non-recession” year for hiring since 2003. Then, Ed is joined by Alex Heath, founder of the Sources newsletter and host of the Access Podcast, to unpack the latest AI models, as well as a viral blog post shaking up the AI conversation. Finally, Ed explains why AI policy is so important, and why it's currently lacking.  Check out Alex’s interview with OpenAI's Fidji Simo Check out our latest Prof G Markets newsletter Follow Prof G Markets on Instagram Follow Ed on Instagram, X and Substack Follow Scott on Instagram Send us your questions or comments by emailing Markets@profgmedia.com Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Support for the show comes from Funrise. For the past seven years, there's been a room in finance

0:05.4

most people couldn't enter, a room where you could have invested in some of the biggest names

0:09.4

in tech companies like Airbnb and Uber before their multi-billion dollar IPOs. I'm talking about

0:15.7

venture capital. Funrise recently took a sledgehammer to those closed doors by launching a venture

0:20.6

capital product that's available to anyone.

0:23.3

Their mission is to give everyone the chance to invest in the best tech and AI companies before they go public.

0:28.9

You can visit Funrise.com slash ProfG to check out Funrise's venture portfolio and get in early today.

0:35.4

All investments involve risk, including the potential loss of principle,

0:38.3

past performance is not indicative of future results. This is a paid advertisement.

0:45.3

Support for this show comes from Odu. Running a business is hard enough. So why make it harder

0:51.4

with a dozen different apps that don't talk to each other?

0:54.8

Introducing Odu.

0:56.1

It's the only business software you'll ever need.

0:59.0

It's an all-in-one fully integrated platform that makes your work easier,

1:03.7

CRM, accounting, inventory, e-commerce, and more.

1:07.2

And the best part, Odo replaces multiple expensive platforms for a fraction of the cost.

1:12.9

That's why over thousands of businesses have made the switch. So why not you? Try O-D-O-4-3 at

1:19.2

OD-O-D-O-O-com. That's O-D-O-O-O-O-com.

1:25.6

The Philly Cheese Stack is back at McDonald's and it's still intensely cheesy.

1:30.0

Imagine the cheesiest thing ever.

1:31.4

Now cover it in cheese.

1:32.5

Add two beef patties, cheddar cheese sauce, crispy onions and even more cheese.

...

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