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re: BLS Jobs report +73k well below estimates. UE rises to 4.2

Posted on 8/1/25 at 1:43 pm to
Posted by the808bass
The Lou
Member since Oct 2012
125748 posts
Posted on 8/1/25 at 1:43 pm to
quote:

jobs market was improving under Biden even with the higher interest rates.


I mean. This isn’t true. Not in any real sense.
Posted by jeff5891
Member since Aug 2011
15911 posts
Posted on 8/1/25 at 1:46 pm to
quote:

Obviously we don’t want UE to rise but it’s likely the only thing to move the fed rate

Feed isn’t moving rates if inflation keeps going up from tariffs.
This post was edited on 8/1/25 at 1:47 pm
Posted by Geauxgurt
Member since Sep 2013
13328 posts
Posted on 8/1/25 at 1:46 pm to
I’m
quote:

I mean. This isn’t true. Not in any real sense.


It was up and down, sure, but coming out of Covid it was recovering. Was it gangbusters? No. It was slowly improving though.

Trump loves the numbers until he hates them. He loves the Epstein conspiracy until it doesn’t help him and may hurt him.

This is all Trump is. He’s not some genius. He pushes something when it makes him look good irrespective of reality. And he condemns the same things if they make him look bad, irrespective of reality.

Posted by the808bass
The Lou
Member since Oct 2012
125748 posts
Posted on 8/1/25 at 1:47 pm to
quote:

but coming out of Covid it was recovering.


Over 1M jobs that BLS reported as gains were simply made up.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
94205 posts
Posted on 8/1/25 at 2:13 pm to
quote:

Feed isn’t moving rates if inflation keeps going up from tariffs.


It hasnt gone up from any tariffs
Posted by FLTech
Member since Sep 2017
25355 posts
Posted on 8/1/25 at 2:15 pm to
I am noticing the home service industry picking up a lot (at least here in Metro Atlanta) - there are now so many positions that have opened up for plumbers, HVAC, window installers, painters, electricians, etc that were non existent the past 3-4 years which tells me that people are slowly opening up their wallets for home renovations, etc
Posted by imjustafatkid
Alabama
Member since Dec 2011
63065 posts
Posted on 8/1/25 at 2:16 pm to
quote:

Trump admin fudging numbers like the Biden admin huh?


No
Posted by Diego Ricardo
Alabama
Member since Dec 2020
11752 posts
Posted on 8/1/25 at 3:18 pm to
I think they disagreed with the current statistician head's methods, so they adjusted it and fired her because it is a good way to eat the bad press from these negative adjustments and soft report for July.

If new heuristics were developed in the Biden admin, Trump's was going to have to eat shite on this eventually to right the methods.
Posted by fareplay
Member since Nov 2012
6307 posts
Posted on 8/1/25 at 3:22 pm to
In what world is consolidate considered growth
Posted by VABuckeye
NOVA
Member since Dec 2007
38283 posts
Posted on 8/1/25 at 3:23 pm to
quote:

It hasnt gone up from any tariffs


Well, no shite because he kept kicking the can down the road. Let's see what happens if he doesn't do a TACO "pause" again.
Posted by VABuckeye
NOVA
Member since Dec 2007
38283 posts
Posted on 8/1/25 at 3:26 pm to
quote:

Every time you get backed into a corner with facts or by posts that you previously made, you always resort to personal attacks as your go-to attempt at appearing intelligent.


It's not just him. The Trumpists all do what their leader does. Shout people down with insults without actually addressing issues. Found a new one today on the Money Board.
Posted by VABuckeye
NOVA
Member since Dec 2007
38283 posts
Posted on 8/1/25 at 3:28 pm to
quote:

If they’re sending 30% of their money home, that’s 30% that’s not juicing our economy.


If they're paying their fair share of taxes from payroll who gives a frick if they send money home to support their family?
Posted by BuckI
Grove City, Ohio
Member since Oct 2020
7116 posts
Posted on 8/1/25 at 3:43 pm to
Are we still winning?
Posted by Warrior Court
Atlanta
Member since Apr 2022
3711 posts
Posted on 8/1/25 at 3:51 pm to
In fact, we are not winning under this idiot president.
Posted by TDTOM
Member since Jan 2021
24867 posts
Posted on 8/1/25 at 3:54 pm to
quote:


Are we still winning?


Yes. Are you going start crying like VAbuckeye?
Posted by Bass Tiger
Member since Oct 2014
54009 posts
Posted on 8/1/25 at 3:55 pm to
quote:

Plus revisions -295k over the last couple of months


Trump admin fudging numbers like the Biden admin huh?


Still a Biden appointment heading the BLS......Trump needs to can her arse.
Posted by FLTech
Member since Sep 2017
25355 posts
Posted on 8/1/25 at 3:57 pm to
Las Vegas is fricked.
This post was edited on 8/1/25 at 3:58 pm
Posted by BuckI
Grove City, Ohio
Member since Oct 2020
7116 posts
Posted on 8/1/25 at 4:00 pm to
You believe in participation trophies.
Posted by TDTOM
Member since Jan 2021
24867 posts
Posted on 8/1/25 at 4:01 pm to
quote:

You believe in participation trophies.


. What?
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