re: Job growth totals 114,000 in July, much less than expected

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At the risk of making this political (not my intent), this is exactly what I’d run on if I was the republican nominee. Basically “the incumbent administration caused this by not controlling gov spending and a vote for said administration is a vote for more of the same”. And the numbers would back that statement up.

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A platform of firing 20% of the country’s largest employer is maybe the dumbest fricking thing any candidate could do.

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If the numbers would have come in much better than expected you would also be saying they were fake numbers.

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Never believe any number put out by a gov't agency. Never.

Coming from someone who has been looking for a job, any job, anywhere in the country for the last 6 months to no avail despite a couple decades of Director and VP level experience and a top tier MBA, we’re already in a recession that’s being hidden by government spending and credit card debt. If the Fed wasn’t printing trillions, the house of cards would collapse. The whole job market is a complete cluster with even reputable companies admitting they post fake jobs just to look like they are growing, nobody wanting to have human interaction with anyone, etc. I’ve been trying to pick up entry level shifts at random places just to have something to do while I look for better and even places with help wanted signs in the window tell you to go apply online and then never respond or hire anyone but then constantly complain about the crack heads that won’t even show up for work.

The problem is that there is no palatable or politically feasible solution to this mess. Yes, the Feds spend WAY too much money and the federal workforce should be cut by 75% but take a quick ax to both and you get millions or 10’s of millions of unemployed people and no private sector jobs for them to go to.

The start to a solution is to get rid of the 10’s of millions of illegals and Visa holders that are clogging up the market and holding wages down but good luck getting half the country to agree and if that did happen, inflation would spike again and you’d have to couple it with kicking able bodied citizens off of government assistance. All good things don’t get me wrong, but politically impossible.

I don’t know what comes next but it’s ugly, and nobody is going to escape unscathed unless they’re already so poor they wouldn’t notice being poorer.

So we needed to keep spending?

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Seems like no matter the economic circumstances the past couple of years it hasn’t dissuaded people from traveling and eating out in record breaking numbers.

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Too many people have become too comfortable with having credit card debt up to their eyeballs.

The 10 Yr T-Bill rate just dropped below 4% too. That's concerning.

Good post

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If the numbers would have come in much better than expected you would also be saying they were fake numbers.

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I mean...10 of the last 14 months of job numbers have been revised downwards from what they were originally reported. It stands to reason that these numbers will eventually be revised downward too.