June Jobs Report: Not Sinking, But Not Surging. Just Treading Water. | Diving In

June Jobs Report: Not Sinking, But Not Surging. Just Treading Water. | Diving In

Is a “bad” jobs number is closer to normal than you think?

In this 10-minute breakdown, Justin Wolfers explains how to read the latest jobs report without overreacting to a single headline. June payroll growth came in at 57,000, which looks weak by the standards of a few years ago. But those older standards may no longer fit an economy with slower population growth and lower immigration. The labor market may now need only around 60,000 new jobs a month to stay in balance.

Justin also discusses what’s really driving the labor market. The answer is not manufacturing, but healthcare and social assistance. In fact, more than 100% of net job growth since January 2025 has come from those sectors alone, while the rest of the economy has lost jobs overall. This matters for two reasons. First, it explains why women have received 90% of the jobs created in this expansion. Second, it illuminates why so many Americans feel economic opportunity is shrinking. If you are not in the sectors that are expanding, the economy may feel far weaker than the headline unemployment rate suggests.

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Feel Your Feelings: Jobs, Trump Accounts, and America's Big Birthday | Off the Clock

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Navigating Inflation: Smart Strategies for Better Choices | Diving In

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How Food Delivery Killed Competition (And Took Your Budget With It) | Diving In

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Getting food delivered should be simple — but somehow it's gotten outrageously expensive. In this video, Justin Wolfers break down why food delivery apps like DoorDash, Uber Eats, and Grubhub make it ...

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Sifting Through the Wreckage of An Ill-Informed War| Slate's What Next + Platypus Economics

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In this episode of Slate's What Next, we examine the economic costs of the conflict with Iran and why the true price of war extends far beyond the immediate impact on oil prices. From higher energy co...

23 Juni 25min

Better Lawyers, Worse Economics: Inside Trump's Latest Tariff Strategy | Diving In

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The Job Numbers Will Probably Get Revised—That’s Not A Scandal | The Professor Is In

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Justin Wolfers breaks down the biggest myths surrounding the monthly jobs report, starting with why strong hiring doesn't always move the unemployment rate. He also addresses the recurring claim that ...

15 Juni 17min

Inflation Is Up—Temporary Bedfellow or Long-term Partner? | Off the Clock

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The work week may be over, but the economy really never takes time off. In this week’s episode of Off the Clock, Justin Wolfers and Stacey Vanek Smith help you cut through the noise and figure out wha...

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