Why a Hot U.S. Job Market Cooled in June

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 2 July 2026

⏱️ 13 minutes

🔗️ Recording | Apple Podcasts | RSS

🧾️ Download transcript

Summary

P.M. Edition for July 2. The U.S. economy added fewer jobs than expected in June, changing investors’ expectations for a July interest-rate hike. We hear from Journal economics reporter Harriet Torry about a missing World Cup bump in hospitality jobs. Plus, WSJ energy reporter Jennifer Hiller explains how heat waves are taxing the U.S. electric grid. But at least we have AC. High temperatures across the Atlantic are making some Europeans reconsider their longstanding rejection of air conditioning. And after months of sluggish performance, Tesla sales jumped in the second quarter. Alex Ossola hosts. Video: Trump Loyalty Demands Set Stage for Tense NATO Summit Sign up for the WSJ's free What's News newsletter.

Transcript

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0:00.0	From the producers of Baby Rainier comes Alice and Steve, exclusively on Disney Plus.
0:04.5	I wish I was in love.
0:05.6	You're my best friend.
0:06.5	Anybody'd be lucky to have you.
0:08.5	Meet Alice and Steve.
0:09.8	We've known each other for over 30 years.
0:12.0	When Alice's daughter starts to date, Steve...
0:14.1	Mom, I want to keep seeing him.
0:15.8	Things start to unravel.
0:18.3	Your mom just tried to shoot me.
0:19.7	What?
0:20.5	Steve! Alice and Steve, a Hulu original series. unravel. Your mom just tried to shoot me. What? Dad!
0:26.9	Alice and Steve, a Hulu original series, exclusively on Disney Plus.
0:29.9	18 plus subscription required to T's and C's Apply.
0:38.9	The U.S. labor market slowed last month, complicating the Fed's calculus for its next rate decision.
0:41.7	And Tesla sales are surging again.
0:44.3	Plus, how hot is it where you live right now?
0:48.2	High temperatures this summer are going to challenge America's electric grid. There should be a lower risk for blackouts this summer.
0:52.0	So that is the good news.
0:53.5	But there is always a risk
0:55.4	and there are just myriad problems
0:57.8	kind of all over the place.
	...

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