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re: U.S. added just 73,000 jobs in July and numbers for prior months were revised much lower

Posted on 8/1/25 at 4:25 pm to
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
135870 posts
Posted on 8/1/25 at 4:25 pm to
quote:

Just imagine how bad the job market would look if Congress was not allowed to run trillions in debt.

We are on borrowed time.


The borrowed spending needs to end yesterday, and enough cuts to pay it down need to be done.
Posted by LSUTANGERINE
Baton Rouge and Northshore LA
Member since Sep 2006
37782 posts
Posted on 8/1/25 at 4:26 pm to
A much lower number of jobs than expected. This is not the news I was hoping for.
Posted by TDTOM
Member since Jan 2021
24612 posts
Posted on 8/1/25 at 4:29 pm to
quote:

This is not the news I was hoping for.


No one believes that.
Posted by RLDSC FAN
Rancho Cucamonga, CA
Member since Nov 2008
58826 posts
Posted on 8/1/25 at 4:30 pm to
quote:

The borrowed spending needs to end yesterday, and enough cuts to pay it down need to be done.


The issue is 3 things...SS, Medicare and Defense. You can cut everything else and it does nothing to do the debt if something isn't changed about the big 3.
Posted by Barbellthor
Columbia
Member since Aug 2015
10831 posts
Posted on 8/1/25 at 6:07 pm to
Eh. Just got trade deals with Japan and the EU. And I suspect people saying this is also a result of illegals being kicked are correct. Also, I think this includes loss of wasteful government jobs?
Posted by deltaland
Member since Mar 2011
100384 posts
Posted on 8/1/25 at 6:12 pm to
My farm created 2 new full time jobs




Hired one black man for 52k salary. Great experienced worker on fish farms
Posted by thejuiceisloose
Member since Nov 2018
6067 posts
Posted on 8/1/25 at 6:23 pm to
quote:

Ah so you just happened to repeat the baseless bullshite that Trump said and this happened to come just after the poor jobs report. And this is in no way a distraction from the fact that Maxwell just got moved to a minimum security prison after meeting with the DOJ. Head firmly planted into the sand with you


For some there is never any bad news, just simply some news that needs more spin than others. This is one of those times
Posted by Bamarap
Hoover
Member since Oct 2015
379 posts
Posted on 8/1/25 at 6:36 pm to
Needs to happen. Treasuries dropped bigly today. Way overdue
Posted by RoscoeSanCarlos
Member since Oct 2017
2027 posts
Posted on 8/2/25 at 7:21 am to
quote:

And I do not recall Joe Biden ever calling out the Fed. Not ONE frickING TIME.


I don’t recall Biden being able to complete a single coherent sentence at that point in time. So, there’s that.
Posted by jimmy the leg
Member since Aug 2007
42012 posts
Posted on 8/2/25 at 8:10 am to
quote:

The fact that they finally decided to lower them (in Sept of 2024 IIRC) is what your concerned about? They raised rates for 2 years because they had to. All the while you clowns bitched about "Biden's" inflation. Lowering them 2 months before the election had ZERO immediate impact


Financially, they had no immediate impact.

Politically is another story.

Rate reductions are viewed positively by a large swath of potential voters.

You are looking at the fiscal reality, not the political one.

Like as not, there are (have been) times when the FED is politicized, and it is usually in the lead up to the election.
Posted by Klark Kent
Houston via BR
Member since Jan 2008
73124 posts
Posted on 8/2/25 at 8:15 am to
quote:

Ah of course the ole everything I don't like is fake defense


interesting deflection. when are the numbers remotely accurate from this department?
Posted by ATrillionaire
Houston
Member since Sep 2008
2305 posts
Posted on 8/2/25 at 12:03 pm to
quote:

interesting deflection. when are the numbers remotely accurate from this department?

They don't really need to be accurate. As long as the methodology remains the same, the numbers will continuously provide a baseline for comparison.
Posted by Klark Kent
Houston via BR
Member since Jan 2008
73124 posts
Posted on 8/2/25 at 12:31 pm to
quote:

They don't really need to be accurate. As long as the methodology remains the same, the numbers will continuously provide a baseline for comparison.


touché. The Left sure loves lowering the bar, then acting like we’re not supposed to notice.
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