Pete and Peter are back after a short summer break, and June's jobs report didn't make for an easy return. The U.S. added just 57,000 jobs against a forecast of roughly 110,000, and the Bureau of Labor Statistics quietly revised away 74,000 previously reported jobs from April and May. Add that to 2025's total revisions of over a million jobs, and Pete and Peter dig into why the monthly jobs report is losing its credibility with the people who used to rely on it most.

They also break down a bleaker number that gets less attention: long-term unemployment (workers out of a job for 27 weeks or more) now sits at 27.3% of the unemployed, up 286,000 people year over year. Then there's the cost-of-living math from a new ZipRecruiter analysis: a single earner needs about $100,000 a year just to cover typical rent and infant care, and $122,800 to buy a home, while only 28% of job postings actually pay six figures.

From there, the conversation turns to layoffs: Volkswagen's historic cut of 100,000 jobs, Microsoft's smaller-than-expected 2.5% workforce reduction, and the debate over how many of 2026's layoffs are actually AI-driven versus companies using AI as a convenient explanation. Pete and Peter close with Ford's move to rehire 300 engineers after CEO Jim Farley's own prediction of major AI-driven white-collar job losses, and what that says about the gap between AI's potential and where companies actually are with it.

4 Corner Resources' quarterly Employee Mindset Survey is nearly ready, and Pete and Peter will bring you those results soon. In the meantime, visit www.4cornerresources.com for hiring and job search resources.