Below is a copy of the latest Daily Wrap email from Marketplace.
Sign up for the Marketplace Daily Wrap to receive updates directly in your inbox each weekday evening.
Plus: Why is gas $3.50 in Oklahoma, but almost $6 in California? 
We hope you enjoy today's briefing from Marketplace. Subscribe to more Marketplace newsletters here.
TTGIF: Inflation came in today at gnarly 3.3%, as measured annually by the consumer price index, while consumer sentiment plunged about 11% to its lowest level on record. We’ll explain below how the cost of housing and fuel figures in, and why people across the country are paying different prices for a gallon of gas. But first, Blake Farmer checks in with people who haven’t found work for more than six months. — Carrie Barber, newsletter editor
Job seekers at a career fair in Harlem.
Job seekers at a career fair in Harlem. (Spencer Platt/Getty Images)
The unemployment rate is improving, but it doesn’t feel that way for some experienced workers
Americans out of work six months or more are having a tough time finding a role, even with education and skills.
If you look at the unemployment rate in the U.S., it seems like things are clicking along pretty well, with unemployment holding at 4.3%. But you don’t have to look too hard to find folks who are frustrated by their job prospects, especially in certain fields like human resources. People with all the education they need and plenty of experience still find themselves without a role.

After six months without a job, you’re officially considered “long-term” unemployed. The number of Americans in that boat is up more than 300,000 over the last year. Among them is Brett Kling, an HR and technology analyst with a long resume and a master’s degree in organizational psychology. He’s regularly dealing with rejection.

“It gets a little rough sometimes,” he said after receiving an automated text. “It’s alright. You gotta keep going. Rejections, nos, are kind of par for the course.”

Kling stays motivated by going to as many mixers and meetups as possible. In an age of AI, he said it feels like human connection is his only hope. 

“Anytime there’s an open event, where you can have some facetime with people, I try to do that,” he said.

Kling attends a career transitions support group as part of the Middle Tennessee chapter of the Society of Human Resources Management. Facilitator Lauren Kiproff-Downer said participants represent a wide array of industries.

“We’ve had automotive, tech, a whole lot of health care. The interesting thing is these are people who previously would never have been having to wait this long to find their right role,” Kiproff-Downer said.

Just a few years ago, when unemployment was well below 4% and there were twice as many jobs as job seekers, recruiters were offering signing bonuses to lure the same people to a new role.

“Both the openings and separations side of the job market seem to be just in a holding pattern,” said labor economist Celeste Carruthers at the University of Tennessee.
READ MORE


 
News you should know
Let’s do the numbers
  • Stocks mostly inched lower today following this week’s shaky ceasefire in the Middle East war. The S&P 500 fell 0.1%, the Dow slipped 0.6%, and the Nasdaq rose 0.4%. 

  • A barrel of Brent crude oil fell to $95.20 per barrel today; the national average for a gallon of regular gas was $4.15, down 1 cent from yesterday. Read on for a state-by-state breakdown.

  • Shelter costs rose 3% annually for the third month in a row. Sounds discouraging, but there’s good news the CPI didn’t capture.

  • Palantir stock fell 1.9% today to $126.08 after President Donald Trump pumped up the sinking price by saluting the company’s “great war fighting capabilities” on Truth Social. Palantir is a Defense Department contractor. 

Government
  • Major bank CEOs met this week with Federal Reserve Chair Jay Powell and Treasury Secretary Scott Bessent to discuss possible security risks to the financial industry posed by Anthropic's latest AI model. 

  • The White House warned its staff against using confidential information to make bets. The email came after a spike in oil futures trading minutes before Trump delayed Iranian power plant strikes, and suspicious, lucrative prediction market trades about Iran and Venezuela.

  • The U.S. Postal Service is taking a 20% cut in deliveries from Amazon , its largest customer, after they reached a tentative deal this week. It’s still good news for the financially strapped agency. Amazon had previously threatened larger cuts.


QUOTE OF THE DAY
“Only by making the mistakes can you learn what not to do and what to do.”
— William Shatner, actor and entrepreneur
Both acting and business require resilience, Shatner told host David Brancaccio in 2018. He was paid very little as Capt. James T. Kirk of the USS Enterprise in the first “Star Trek” series and saved nothing, he said. After that, he became passionate about nest-egging. That conversation is one of a handful highlighted from Brancaccio’s 16,925 broadcasts over 13 years at Marketplace. He’s signing off as “Morning Report” host, but boldly going on at Marketplace. Read about what’s next for him in today’s weekly newsletter.
HEAR MORE
Take the Marketplace news quiz!
Listen to “Marketplace,” test your knowledge, brag to your friends.
LET'S GO
A GIF of Marketplace editor Steve Mullis pointing to prices at a gas station.
Click to watch: Marketplace’s Steve Mullis is paying well above the national average gas price in Seattle. Other Marketplace staff are paying half these prices.
Final note
Why is gas $3.50 in Oklahoma, but almost $6 in California? ⛽️😩
Americans have been feeling pain at the pump since the war in the Middle East began, but not everyone is feeling it to the same degree. Marketplace correspondent Mitchell Hartman’s been comparing notes with Marketplace reporters around the country, and asked experts what accounts for the big differences.
 
Thanks for reading! If you enjoyed this newsletter, forward it to a friend. If this newsletter was forwarded to you, subscribe to Marketplace newsletters here.

 Got feedback for us? Just reply to this email. We can't get back to everyone, but we read it all.
Terms of use | Your privacy rights | Contact Us | Donate

© 2025 American Public Media Group. All rights reserved.

Terms of use | Your privacy rights | Contact Us

© 2026 American Public Media Group. All rights reserved.