About this episode

Pete and Peter discuss the disappointing June jobs report and its implications for the job market.

Pete and Peter are back after a short summer break, and June's jobs report didn't make for an easy return. The U.S. added just 57,000 jobs against a forecast of roughly 110,000, and the Bureau of Labor Statistics quietly revised away 74,000 previously reported jobs from April and May. Add that to 2025's total revisions of over a million jobs, and Pete and Peter dig into why the monthly jobs report is losing its credibility with the people who used to rely on it most. They also break down a bl...

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