Jul 7, 2017

07/07/2017: Are we headed for a trade war?

President-elect Trump selected lawyer Robert Lighthizer as his administration's U.S. Trade Representative. JIM WATSON/AFP/Getty Images

We always enjoy Jobs Friday, and this was an especially good one: About 222,000 people got jobs across all kinds of industries last month, and unemployment ticked up a hair because more people are out looking for work. The one black mark on this month's report was wages. Average hourly earnings were barely up in June, and it's the latest in a line of tepid monthly increases. That just isn't the way things are supposed to be working right now. We'll talk about why and break down the rest of the jobs report in the Weekly Wrap. With President Trump at the G-20 this weekend, trade's on the table, too. Plus: the business of summer camp.

Segments From this episode

Troubled Waters: Trump budget casts Great Lakes cleanup into doubt

by Marketplace Contributor

Jul 7, 2017

The 2018 proposed budget calls for cutting the $300 million Great Lakes Restoration Initiative.

Employees from Barr Engineering install instruments to measure groundwater seepage and flow between the sediments and the St. Louis River in Duluth, Minnesota. The data will help in the design, construction and installation of caps aimed at protecting the environment and wildlife from harmful material.

Derek Montgomery/MPR News

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Summer camp has grown into a very big business

by Ryan Kailath

Jul 7, 2017

Millions of kids attend camps, which increasingly have to offer more than just color wars and swimming lessons to win customers

At the Admiral Farragut Academy summer camp a senior cadet instructs a younger camper on how to use a bow, circa 1950.

Douglas Grundy/Three Lions/Getty Images

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What it's like to let someone try to phish you

by Kai Ryssdal and Maria Hollenhorst

Jul 7, 2017

PhishMe simulates scams as a way to train people what not to click on.

Patrick Lux/Getty Images

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Weekly Wrap

Is Trump headed for a trade war at the G-20 summit?

by Kai Ryssdal

Jul 7, 2017

US guidance has been a constant at the economic gathering. That's not the case this year.

President Donald Trump arrives at the start of the the G20 summit on July 7, 2017 in Hamburg, Germany.

Sean Gallup/Getty Images

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If companies are having trouble hiring, why aren’t they paying more?

by Mitchell Hartman

Jul 7, 2017

The June employment report from the Bureau of Labor Statistics showed strong job growth – 222,000 – and a 0.1 percent rise in the unemployment rate to 4.4 percent, as more job-seekers entered the labor force. But the rise in average hourly earnings was anemic—up 0.2 percent month over month, 2.5 percent year over year. […]

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We always enjoy Jobs Friday, and this was an especially good one: About 222,000 people got jobs across all kinds of industries last month, and unemployment ticked up a hair because more people are out looking for work. The one black mark on this month’s report was wages. Average hourly earnings were barely up in June, and it’s the latest in a line of tepid monthly increases. That just isn’t the way things are supposed to be working right now. We’ll talk about why and break down the rest of the jobs report in the Weekly Wrap. With President Trump at the G-20 this weekend, trade’s on the table, too. Plus: the business of summer camp.