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2
Posted on 8/1/25 at 9:04 am to trinidadtiger
Where did you source your numbers?
Posted on 8/1/25 at 9:05 am to 4cubbies
quote:
Was he blamed for shite poor economy during the last administration too?
What do you mean. It was the greatest economy ever. We built back better
Hes for sure to blame for inflation. He said it was transitory
Posted on 8/1/25 at 9:10 am to SDVTiger
quote:
Well yeah Too Late is suppressing growth
Everyone who isnt an idiot knows this
This is the stated goal, to cool off the economy,
VC's have an insane amount of credit burning a hole in their pockets now.
The rates have been high so long now in VC years that once the fed rate drops below 3% they are going to smoke the economy with new ventures, especially in AI and Autonomy, not to mention Tariff avoiding ventures.
The last time the Fed rate was above 4% was 2007 it's been almost 3 years we have been above 4.
Soon as they cut below 3 it's going to be takeoff time.
Posted on 8/1/25 at 9:12 am to GumboPot
BOOM!
I voted for this.
I voted for this.
Posted on 8/1/25 at 9:12 am to 4cubbies
Yahoo news fact checking Trump touting all job gains are American jobs.
You can ask any AI program, the numbers are consistent.
They come from the BLS survey, its the only one that asks if you are US or foreign born, and it does not segment legal or illegal.
You can ask any AI program, the numbers are consistent.
They come from the BLS survey, its the only one that asks if you are US or foreign born, and it does not segment legal or illegal.
Posted on 8/1/25 at 9:22 am to swamptiger99
quote:
So what you are saying is...... NO ONE IS frickING HIRING!!!!!!
American Manufacturing isn’t bc of the tariffs.
That’s not on Powell.
Posted on 8/1/25 at 9:23 am to 4cubbies
quote:
quote:
Were you complaining about that shite poor economy last administration
Yes. Everyone who buys groceries was.
No they weren't. But the second Trump was inaugurated? Muh "EGG PRICES ARE TOO HIGH!!! REEEEE!!!!"
Posted on 8/1/25 at 9:25 am to PorkSammich
Whatever happened to elimination of policies that hinder manufacturing in this country? I get tariffs, but it's he tackling the policies too? The environmental stuff, the over regulation, The corporate taxes? I don't even hear those discussions anymore.
Posted on 8/1/25 at 9:47 am to the808bass
quote:
Oof
As opposed to just adding government jobs?
What happened to the massive labor shortage from deportations?
Posted on 8/1/25 at 9:49 am to swamptiger99
quote:
NO ONE IS frickING HIRING!!!!!!
Just added 60 people to payroll.
Things for us will kick up from now all the way to the holidays.
Posted on 8/1/25 at 10:19 am to bamabonners
Don't understand the down votes. It is an automatic knee jerk response for those who adore the Trump persona. He will not be able to point the finger out of responsibility of the economy if it falters.
I've seen enough YouTube reporting like Halperin suggesting the economy is going south. So they have their talking points ready for the mid terms. And it is likely they will embellish bad news.
Trump needs to make the right decisions.
I've seen enough YouTube reporting like Halperin suggesting the economy is going south. So they have their talking points ready for the mid terms. And it is likely they will embellish bad news.
Trump needs to make the right decisions.
Posted on 8/1/25 at 10:24 am to GumboPot
quote:Which confirms the correct decision of the Fed's continuing pause in reducing overnight interest rates.
Here's your silver lining I posted in the other thread:
Posted on 8/1/25 at 10:27 am to LSUnation78
if the numbers are true, apparently the weakest stretch since COVID
LINK
Payrolls grew by a meager 73,000 jobs, far below the roughly 110,000 anticipated. Adding insult to injury, May and June were revised down by a staggering 258,000 jobs — the biggest two-month revision in five years — leaving the labor market’s momentum looking weaker than it has all year. That means payroll growth has averaged just 35,000 jobs per month over the last three months, once revisions are accounted for, the weakest stretch since early in the COVID-19 pandemic. And it suggests that any job growth in the two earlier reports may have been nothing more than a mirage.
Soft hiring, hard exit
Despite headlines, wage growth wasn’t terrible — it rose 0.3%, in line with forecasts, bringing the year-over-year increase to 3.9%. That’s still outpacing inflation, which gives workers some breathing room, but paychecks alone won’t offset the broader softening. That silver lining is nearly invisible next to structural weakness.
One of the most concerning signals isn’t what’s happening, but who’s leaving. July marked the second straight month of labor force contraction. Participation dipped again (to 62.2%), and the number of people not in the labor force but still wanting a job has jumped by over half a million in the past year. The household survey told a starker story: Employment fell by 260,000, while unemployment rose by 221,000. The labor force dropped by 38,000, bringing participation to its lowest level since November 2022.
In other words, people aren’t just struggling to get hired, they’re giving up. That the unemployment rate rose even as more workers exited the job market underscores the slowdown. And it wasn’t just the establishment survey that raised eyebrows: the household survey, a broader look at employment, showed a net loss of jobs for the month.
The jobs that did appear in July came almost entirely from health care and social assistance. Together, those sectors added 73,000 jobs. Finance added 15,000, while retail trade and warehousing contributed 19,000. Most other sectors — construction, manufacturing, retail, transportation — were flat or losing steam. Manufacturing shed 11,000 jobs, and professional and business services fell by 14,000. Federal government payrolls fell by 12,000, continuing a months-long trend as agencies tighten belts amid budget pressure. Leisure and hospitality, once a post-pandemic growth engine, added just 5,000 jobs.
The broader context elevates the alarm. Labor demand is shedding strength: JOLTS data shows job openings fell by 275,000 in June, signaling hiring pullback across key industries such as restaurants and hospitality. Meanwhile, the foreign-born workforce declined by over 500,000 last month and is down by 1.7 million since March — signs that tighter immigration policy may be exacerbating labor shortages. That could drive up wages in the short term but make it harder for businesses to meet demand.
LINK
Payrolls grew by a meager 73,000 jobs, far below the roughly 110,000 anticipated. Adding insult to injury, May and June were revised down by a staggering 258,000 jobs — the biggest two-month revision in five years — leaving the labor market’s momentum looking weaker than it has all year. That means payroll growth has averaged just 35,000 jobs per month over the last three months, once revisions are accounted for, the weakest stretch since early in the COVID-19 pandemic. And it suggests that any job growth in the two earlier reports may have been nothing more than a mirage.
Soft hiring, hard exit
Despite headlines, wage growth wasn’t terrible — it rose 0.3%, in line with forecasts, bringing the year-over-year increase to 3.9%. That’s still outpacing inflation, which gives workers some breathing room, but paychecks alone won’t offset the broader softening. That silver lining is nearly invisible next to structural weakness.
One of the most concerning signals isn’t what’s happening, but who’s leaving. July marked the second straight month of labor force contraction. Participation dipped again (to 62.2%), and the number of people not in the labor force but still wanting a job has jumped by over half a million in the past year. The household survey told a starker story: Employment fell by 260,000, while unemployment rose by 221,000. The labor force dropped by 38,000, bringing participation to its lowest level since November 2022.
In other words, people aren’t just struggling to get hired, they’re giving up. That the unemployment rate rose even as more workers exited the job market underscores the slowdown. And it wasn’t just the establishment survey that raised eyebrows: the household survey, a broader look at employment, showed a net loss of jobs for the month.
The jobs that did appear in July came almost entirely from health care and social assistance. Together, those sectors added 73,000 jobs. Finance added 15,000, while retail trade and warehousing contributed 19,000. Most other sectors — construction, manufacturing, retail, transportation — were flat or losing steam. Manufacturing shed 11,000 jobs, and professional and business services fell by 14,000. Federal government payrolls fell by 12,000, continuing a months-long trend as agencies tighten belts amid budget pressure. Leisure and hospitality, once a post-pandemic growth engine, added just 5,000 jobs.
The broader context elevates the alarm. Labor demand is shedding strength: JOLTS data shows job openings fell by 275,000 in June, signaling hiring pullback across key industries such as restaurants and hospitality. Meanwhile, the foreign-born workforce declined by over 500,000 last month and is down by 1.7 million since March — signs that tighter immigration policy may be exacerbating labor shortages. That could drive up wages in the short term but make it harder for businesses to meet demand.
Posted on 8/1/25 at 10:28 am to SallysHuman
Posted on 8/1/25 at 10:28 am to bamabonners
Posted on 8/1/25 at 10:29 am to WhiskeyThrottle
quote:
“I'm a Trump supporter but…..”
Modern seminar caller. Rush shaking his head in heaven.
Posted on 8/1/25 at 10:30 am to bamabonners
We have been getting shitty jobs reports since 2022.
Expect a huge downward revision for 2024.
Expect a huge downward revision for 2024.
Posted on 8/1/25 at 10:31 am to Seldom Seen
quote:
Seldom Seen
quote:
President Biden Nominates Jerome Powell to Serve as Chair of the Federal Reserve,
quote:
Today, President Biden announced his intent to nominate Jerome Powell for a second term as Chair of the Board of Governors of the Federal Reserve System and to nominate Dr. Lael Brainard to serve as Vice Chair of the Board of Governors of the Federal Reserve System.
While our country still faces challenges as we emerge from the pandemic, we have made enormous progress in bringing our economy back to life and getting Americans back to work. Since the President took office, the economy has created over 5.6 million jobs, unemployment has fallen to 4.6% – two years faster than projected
We now know this was completely fabricated.
Remember, diversity is the most important thing.
quote:
President Biden still has three vacant seats on the Federal Reserve Board of Governors to fill, including the important position of Vice Chair for Supervision. The President intends to make those appointments beginning in early December, and is committed to improving the diversity in the Board’s composition.
This post was edited on 8/1/25 at 10:35 am
Posted on 8/1/25 at 10:35 am to dgnx6
The FED can only operate when Government out hires every sector.
Time for Powell to go.
Remove Federal employment numbers back to Obama and the Democrats look stupid as hell.
Time for Powell to go.
Remove Federal employment numbers back to Obama and the Democrats look stupid as hell.
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