This summer on Planet Money Summer School, we're learning about political economy.
We're getting into the nitty gritty of what government does with things like trade,
taxes, immigration, and health care.
So politics and economics, which are taught separately, they shouldn't be separated at all.
I think you have to understand one to really appreciate the other.
So what is the right amount of government in our lives?
Tune into Planet Money Summer School from NPR, wherever you get your podcasts.
Live from NPR News in Washington, I'm Windsor Johnston.
Stocks opened sharply lower on Wall Street this morning as the Labor Department reported a sharp slowdown in the U.S. job market.
NPR's Scott Horsley reports the Dow fell more than 600 points in early trading.
U.S. employers added just 73,000 jobs in July,
and updated figures show virtually no job growth in May and June.
Meanwhile, the unemployment rate inched up to 4.2 percent.
The federal government continues to cut jobs and is down about 84,000
since the beginning of the year.
Factories also cut 11,000 jobs in July.
The manufacturing sector has been hard hit by President Trump's tariffs.
As expected, Trump is calling for even higher tariffs on goods from many countries.
But in an order issued Thursday,
he pushed back the effective date of many of those import taxes for at least another week.