US adds only 57,000 jobs in June, far below 115,000 forecast
"We learned that the US added just 57,000 jobs per the latest jobs report, far below the 115,000 jobs economists expected. While April and May job totals were revised downward significantly, the labor market also showed deeper signs of weakness, with 720,000 people leaving the labor force, 507,000 fewer people employed, and the employment-to-population ratio falling to 59%, its lowest level in about 5 years."
About this episode
This episode provides a critical analysis of multiple crises facing the Trump administration, centering on a disappointing June jobs report that showed the US economy adding only 57,000 jobs versus the 115,000 expected. The host details how Trump went silent after the report dropped, following morning posts promoting Micron stock without disclosing his personal investment in the company. The labor market showed significant weakness with 720,000 people leaving the workforce, 507,000 fewer employed, and the employment-to-population ratio falling to 59%, its lowest in five years. The episode covers the stark contrast between administration claims of a "golden age" and economic reality, featuring clips of cabinet members Stephen Miller, Pete Hegseth, and Acting Attorney General Todd Blanch being booed by protesters during a White House event. The so-called Great American State Fair saw virtually no attendance for a second consecutive day, with Fox News footage showing empty venues and one Trump supporter requiring medical attention due to heat and lack of air conditioning in vendor booths. On foreign policy, the episode examines the stalled Iran negotiations in Doha, where no apparent progress was made on a memorandum of understanding. Most significantly, Russia launched one of its largest attacks on Kyiv with 70 missiles and nearly 500 drones, killing 13 people, contradicting Trump's campaign promise to end the war immediately. The episode also features a supercut of administration officials repeatedly promising imminent economic growth that has failed to materialize, and criticizes Fox News personalities for claiming the economy is thriving despite contrary data.
Key takeaways
- June jobs report showed US added only 57,000 jobs versus 115,000 expected, with 720,000 leaving labor force and employment-to-population ratio falling to five-year low of 59%.
- Trump promoted Micron stock on social media without disclosing his personal investment in the company or that American taxpayers subsidized Micron with billions of dollars.
- Russia launched massive strike on Kyiv with 70 missiles and nearly 500 drones overnight, killing 13 people in one of the most significant attacks yet.
- Cabinet members Stephen Miller, Pete Hegseth, and Todd Blanch were booed by protesters during White House event intended as propaganda opportunity with National Guard members.
- Trump's Great American State Fair saw virtually zero attendance for second consecutive day, with empty booths lacking air conditioning during Washington DC heat wave.
- Manufacturing jobs declined significantly since Trump announced Liberation Day tariff policies, with 61,000 hospitality jobs lost amid tourism boycotts.
- Iran-US negotiations in Doha showed no signs of progress, with delegations speaking separately through Pakistani and Qatari mediators about previously discussed issues.