S8 Ep1216: Jim McTague analyzes the July jobs report, which unexpectedly showed a loss of 23,000 jobs, signaling a cutback in spending by th

The John Batchelor Show · Aug 8, 2026 · 8m

Jim McTague analyzes the July jobs report, which unexpectedly showed a loss of 23,000 jobs, signaling a cutback in spending by those "with little." He describes a "K-shaped economy" where the wealthy continue to spend while others struggle with high gas prices and inflation. In Lancaster County, the economy remains uneven; while tourism and manufacturing are strong, hiring for non-specialists is weak. The property market is particularly discouraging for buyers, with low inventory driving prices toward one million dollars for decent homes. McTague observes local economic health through visits…