David Gura
speaker
154 appearances
2 recordings
1 series
first heard Jan 2026
last heard 7 Aug
David Gura’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in Aug 2026 with 1.
Appearances
It does.
So uh wildly away from what was expected by Wall Street and a few things caught my eye.
The first is the participation rate.
So this is that measurement of who's looking for work.
Um and that fell to something like 61%, which is the lowest it's been in many decades if you take COVID out of the equation.
The other is wages.
I mean, that's something we focused on a lot here.
Uh, and we see that's kind of setting an historical record as well, slowest pace in in more than five years.
I I think we got this other sense too, just about how the the pool of people working has shrunk and uh you know there's so much to focus on.
Maybe we haven't been talking about immigration policy as much, but I think what we saw in Stark Relief today in these
Numbers is um you know a reflection of the fact that there has been this big deportation campaign.
This government has been uh sending folks who've been here home and we we see that in the numbers today as well.
It's it's a smaller pool of workers as a as a result of that.
Yeah, I I think that this was a real sign of that.
And I I think that we've kind of been faced with maybe largely an anecdotal issue here since the start of the second term, which is, you know, there are jobs in this country we have counted on immigrants to do.
And if immigrants aren't here to do them, what does that mean more broadly?
So um look, I I think that this once again refocuses attention.
on that issue um and uh
Again, I I think that like the the way that we have customarily or in recent years looked at the labor market has shifted radically as a result of uh the fact that we have this, you know, very, very prohibitive policy that's been put in place and and enforced by by the Trump administration.
the the market was so dissatisfied with the way that Kevin Walsh approached that last press conference, how reticent he was to talk about the future.
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