Thoughtful Money with Adam Taggart · Saturday, August 8, 2026
Michael Lebowitz suggested that temporary hiring for events like the World Cup might have contributed to the recent boost in employment figures before they potentially decline. He noted that summer seasonality also plays a role, with companies sometimes reducing staff in late summer after initial hiring for the season.
“And I think a notable chunk of that was due to the World Cup too. So we need to keep that in mind. That that there was kind of a burst of extra commerce that people were hiring for and now the tournament's over and they're letting those people go.”
“And, you know, I mean, there's always weird seasonal factors, but summer is one of those weird ones too. A lot of places higher, you know, May, June, going into the summer, they start getting rid of people in August, September.”