Who Are the Millions of Americans Locked Out of the Job Market?

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 15 July 2026

⏱️ 13 minutes

🔗️ Recording | Apple Podcasts | RSS

🧾️ Download transcript

Summary

P.M. Edition for Wednesday, July 15. The U.S. labor market is in a great position, according to most key metrics. But two million people are still looking for work after six months or longer without a job. WSJ economic correspondent Harriet Torry explains who is being sidelined. Plus, Wall Street’s biggest investment banks are bringing in gargantuan hauls. What’s driving them towards their best trading year ever? We hear from WSJ reporter Ben Glickman. And President Trump says ICE officers should keep using traffic stops to arrest immigrants, just after the agency’s leadership suspended the stops. Danny Lewis hosts. Sign up for the WSJ's free What's News newsletter.

Transcript

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0:00.0	Deloitte expects the space economy to reach $2 trillion by 2035.
0:04.6	Jason Garzatus, CEO of Deloitte U.S., says that growth is fueled by data and its application
0:09.6	for businesses across industries.
0:11.3	What's exciting is that the data and the analytic and the commercial application of the data
0:16.1	will move to be more mainstream.
0:18.7	It will be something that organizations of any size can benefit from
0:22.3	the data that's being emitted from space that could be pertinent to their operation.
0:25.8	Visit Deloitte.com to learn how the space economy is creating new opportunities.
0:33.3	President Trump says that, actually, ICE should keep using traffic stops to arrest immigrants.
0:39.3	Plus, market volatility has put Wall Street's biggest banks on track for their best ever trading year.
0:45.5	And by most key metrics, the U.S. labor market is doing great.
0:49.8	So who are the millions of Americans struggling for months and even years to find work?
0:55.0	I've sent hundreds of job applications since early last year.
0:59.5	I don't know how many. Maybe I'm close to 1,000. Who knows?
1:02.4	It's Wednesday, July 15th.
1:04.3	I'm Danny Lewis for the Wall Street Journal, sitting in for Alex Oscella.
1:08.0	This is the PM edition of What's News, the top headlines and business stories
1:11.9	that move the world today. PayPal has received a takeover bid from payments company
1:19.4	Stripe and buyout firm Advent International. People familiar with the matter say the proposed
1:24.9	deal would value PayPal at around $53 billion, but there are
1:28.9	no guarantees that PayPal will be receptive, the companies in the early stages of a turnaround
1:33.5	plan under a new CEO. PayPal shares closed up 17%. It's the stock's best day ever since it became
	...

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