Welcome to this week’s edition of 401(k) Real Talk, where Fred Barstein, contributing editor for Wealth Management’s RPA channel, reviews all of last week’s industry news and selects the five most important/interesting stories. Worth Reading:Read the full raw transcript below:Greetings & a warm welcome to this week’s edition of 401k Real Talk. Related:401(k) Real Talk Episode 204: August 5, 2026FIRST STORYThe U.S. economy unexpectedly lost 23,000 jobs in July, while the national unemployment rate ticked down to 4.1% as people left the labor force, according to the Bureau of Labor Statistics. Related:401(k) Real Talk Episode 202: July 22, 2026NEXT STORYThere is a healthy debate about whether there actually will be a shortage of financial advisors but no argument about how the industry struggles to hire and train the nextgen as well as create succession plans. Otherwise I look forward to speaking to you next week on 401k Real Talk