White House Accelerates Deportations & A Shocking Jobs Report | 7.3.26
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What does the June jobs report reveal about the economy?
The June jobs report is in, falling significantly below expectations. We break down the numbers and what they mean for the economy.
Coming in below expectations here. So the estimate was 115,000 jobs added in June. That coming in at 57,000. So just around half that was expected.
I'm Georgia Howe. John is out this week. It's Friday, July 3rd. And this is Morning Wire.
Arrest quotas are back as the administration re-ups their commitment to mass deportations. What's the new strategy and is it sustainable?
Seeing what that investment means, seeing what we're doing every single day on getting the worst of the worst out because we have continuous funding is absolutely remarkable.
And President Trump announces a first-ever midterm GOP convention in Dallas this September.
The event is an effort to boost turnout in races that will decide whether the Republican Party maintains control of Congress.
Thanks for waking up with Morning Wire. Stay tuned. We have the news you need to know. Before we jump into the show, I want to tell you something really exciting happening at Daily Wire this 4th of July. America is turning 250 years old this year, and Daily Wire is marking the occasion with an offer we've never made before. Three months of Daily Wire Plus for just $17.76. It's an awesome deal. You'll get access to all of our shows, plus editorial articles and the full documentary and entertainment library. Plus, there's a ton of newly added American history content just for July that is absolutely worth your time watching. So if you've been thinking about joining Daily Wire, now is a great time to go to dailywireplus.com to take advantage of this deal.
And happy 250th America. The June jobs report is out. The U.S. economy added just 57,000 non-farm payroll jobs in June, well short of the expected 115,000. Joining us to interpret the new jobs numbers is E.J. Antoni, chief economist at the Heritage Foundation. E.J., thanks for coming on.
My pleasure. Thank you for having me again.
What are the implications of the White House's new deportation strategy?
So just to start, can you run us through some of the top line findings from this most recent report?
Sure. You mentioned the headline number in terms of the nonfarm payrolls added. Unfortunately, though, when you look at the previous two months that were revised down, they were revised down by more than the number of jobs added in June. In other words, it's a net reduction in the number of jobs in the overall economy. And that's just the number of jobs. If we look at The second part of the report in which we get the information from a survey of households and we ask questions like, are you employed, unemployed, etc. There we saw the number of people employed in the country fell by more than half a million last month. So things are clearly moving in the wrong direction. And unfortunately, the further you go into the report, I think you just continue to find that a lot of the internals are not very good this time around.
Now, what can we infer about the health of various sectors from this report? Where are we seeing the jobs come from? And then what sectors are seeing weak or negative growth?
Well, it was very mixed. You know, we're still seeing construction do okay. We're still seeing the healthcare sector power along. Government really hasn't added many jobs at all this year because the hiring that we have seen at the state and local level has basically been offset more or less by all of the firing at the federal level. So we're not seeing the over-reliance on government that we did in years past.
How is President Trump planning to boost GOP turnout in the midterms?
I guess that's good news there, right? But if we look at something like leisure and hospitality, which we really thought was going to put in a strong print this time around, it really didn't. It actually seriously underperformed. And maybe the seasonal adjustments have something to do with that. So it's definitely possible that the next couple of months we'll see the June number revised higher. Here's hoping that's the case. Because, again, if we look at other data, especially from the private sector, you would have expected leisure and hospitality to do a heck of a lot better here.
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Chapters
5 chapters
1
What does the June jobs report reveal about the economy?
0:04–2:08
2
What are the implications of the White House's new deportation strategy?
2:08–3:31
3
How is President Trump planning to boost GOP turnout in the midterms?
3:31–8:00
4
What insights does E.J. Antoni provide on the jobs report?
8:00–13:33
5
What sectors are experiencing growth or decline in job numbers?
13:33–16:44
Speakers
5 identifiedMore from Morning Wire
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