Marketplace

The July jobs report is out, and it’s a doozy: The U.S. labor market shed a net 23,000 jobs last month. Previous months, which saw moderate gains, were revised down. In this episode, which sectors cut the most roles, and what it all signals about the broader economy. Plus: Climbing car prices lock buyers in longer-term loans, communities combat a teacher shortage by building affordable housing, and we want to hear your stories about voluntarily leaving the workforce.

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Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

Read the stories in today’s episode:

The economy lost 23,000 jobs in July. Should the Fed be worried?
Here's where the economy lost jobs in July
Car prices continue to rise. Auto lenders compensate with long-term loans
The school districts building affordable housing for teachers
How leaving the labor force helped this caregiver find her calling

As high gas costs pile up for drivers, Big Oil is getting jumpy. That’s because one way to bring prices down, at least temporarily, is an oil export ban. The Trump administration hasn’t signaled support for such a ban, but oil firms are being proactive, by lobbying the White House to find alternatives. Also in this episode: CEOs are sour on this economy, a major university invests big in artificial intelligence, and we analyze the difference between Fed Chair Warsh and former Fed Chair Powell’s public statements.

Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.

Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

Read the stories in today’s episode:

Big oil is not up for another export ban
Can you spot the difference between Warsh and Powell's FOMC statements?
Why you should care about CEOs' confidence in the economy
The FIRE movement: How soon can I quit?
USC pushes to expand AI research with $200 million gift

You know how wages have, on average, stagnated when you account for inflation? Well there’s one group that saw some actual wage growth last month: Job changers. Pay growth for people who switched jobs was 7% in July, according to ADP. Unfortunately, that doesn’t mean the entire labor market is heating up — some in-demand labor sectors might be accounting for most of that bump. Also in this episode: Gen Z bucks the K-shaped economy trend, insurance billing errors can add up for employers, and Kai visits a used EV auction.

Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.

Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

Read the stories in today’s episode:

Job-changers are seeing their highest wage increases in nearly a year
Gen Z is spending more across all income brackets
In healthcare, catching errors from insurers is a growing industry
The entrepreneur building a marketplace for used EVs

In July, the manufacturing sector grew at its fastest month-to-month rate in four years. A new tax law likely boosted company spending to some degree, but AI investment packed the biggest punch — demand is strong and the money is flowing. Also in this episode: McDonald’s suffers a sales slump, the latest JOLTS data points to a steadily improving labor market, and Kai talks to one economist behind a Trump administration investment tracker.

Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.

Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

Read the stories in today’s episode:

Manufacturing sector benefits from continued AI demand
Tracking down the Trump administration's $27.6 billion in investments
Why job openings have been rising slowly this year
McDonald's sales soften as diners spend cautiously
Where did China's oil imports go?

Permian Basin oil companies are reporting strong quarterly earnings, as the Iran war keeps prices up and supply restricted. West Texas, formerly in a slump, has seen an uptick in hiring and new rigs. But oil companies are moving cautiously — they want to avoid a bust after the boom. Also in this episode, more caution: Small businesses carefully weigh workforce expansion, the U.S. invests billions to prop up the Japanese yen, and a Colorado peach farmer preps for a water shortage.

Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.

Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

Read the stories in today’s episode:

Why did the U.S. just spend billions to prop up the Japanese yen?
What the bond market is trying to tell us
How small- and medium-sized firms are navigating this labor market moment
Becoming a freelance court reporter helped this mom find herself
High oil prices lift all boats in the Permian Basin, but companies remain cautious
Peaches pay the bills for Western Colorado farmers, but drought makes their future uncertain