The Labor Department releases a new report on job weakness in the U.S. economy.

On August 10th, 2026: According to reporting by NPR, a recent jobs report points to growing weakness in the U.S. labor market. While the country awaits the latest inflation data, NPR's A. Martínez speaks with Diane Swonk, Chief Economist at accounting firm KPMG U.S., about the current state of the U.S. economy.

The full discussion highlights that the U.S. labor market is showing signs of weakness, even though the unemployment rate remains relatively low. The U.S. labor market is showing signs of weakness, even though the unemployment rate remains relatively low. In July, employment fell by around 23,000 jobs, while nearly one million people stopped looking for work. In particular, new entrants to the labor market and recent college graduates are facing greater difficulties finding jobs. At the same time, the retirement of the Baby Boomer generation and a decline in labor force participation are affecting the supply of workers. Changes to Temporary Protected Status (TPS) may also increase labor shortages in sectors such as services, healthcare, hospitality, and elderly care. Overall, the labor market remains relatively stable according to official figures, but underlying conditions are showing clearer signs of weakness.