Terrible jobs numbers for August

This is clickbait and from idiot news outlets and the investor class. The jobs report doesn't come out until tomorrow (Friday.)

If the report shows slow growth then the Federal reserve will cut rates. There is no reason to rejoice in that since lower rates risk greater inflation. Interest income on your savings will go down. If mortgage rates go down it sounds like a good thing but it also means house prices won't decrease. They are still too damn high. But investors love low rates since it inflates their assets and gives them 'cheap' money to burn. What's so weird about Trump's fury over the July jobs report is that slow job growth is exactly what will trigger rate cuts, what Trump craves and the reason he keeps threatening to fire Powell. Trump wants great job numbers, low interest rates, a robust (overheated) economy, and then have his twitter fits when egg prices soar again, as if he had nothing to do with it.

If job numbers are bad Trump will blame it on "crime in blue cities."

[Quote] This is clickbait and from idiot news outlets and the investor class. The jobs report doesn't come out until tomorrow (Friday.)

Per the article, the jobs report came out today

Who will Trump fire now?

Which is why the Dems need to be proactive in calling attention to it, rather than waiting and responding to Trump's rationalization, as they are accustomed to doing.

The Hill: Layoffs surged nearly 40 percent last month, with employers eliminating 85,979 positions — the largest August hit since the height of the COVID-19 pandemic in 2020, according to research released Thursday.

To date, employers have made 892,362 cuts in 2025 — the most since 2020, when 1,963,458 cuts were announced from January to August amid the pandemic, according to the firm’s analysis.

Just an FYI, there are always two jobs reports. One from payroll provider ADP (this is the report linked to in this article), and then the government report.

The ADP report comes first followed by the government report the next day. It's important to note that they don't always tell the same story since they are based on different data sets.

I saw on another site the news that the number of available workers has officially surpassed the number of available jobs and while difficult to understand how this impacts real world employment, the key is that these numbers are significant signs of a troubled job market leading to a recession. And bear in mind that this is still coming after the waves of immigrants have departed, leaving huge gaping holes in agriculture, construction, retail and healthcare.

Anecdotally, the grocery store where hubby and I do a twice-a-month run has had help wanted signs on the front doors since before the pandemic, but when we stopped in last week the signs were gone. I asked our cashier if they were no longer hiring and she said they hadn't hired for months and reported the store manager told her that a quiet hiring freeze came from corporate as Trump announced his economy-destroying tariffs in the Spring. She also said that she was worried about her hours being cut as she was barely able to keep to more than 32 hours a week (to keep her health insurance, the reason she hasn't quit while waiting to qualify for Medicare) and that if sales didn't improve the store was going to have to offer either fewer hours for everyone or laying people off.

I'm sure that Trump will call these numbers fake and a Democratic hoax — if he hasn't already. And since we no longer have any data scientists working at the Bureau of Labor Statistics, whatever numbers they put out will bear little resemblance to the actual job market.

You refer to him as "hubby"?

That's more depressing than the jobs report.

I thought when they sent all the Hispanics back to Guadalahoochie that 1,000s of jobs would open up?

The ADP numbers are now the only ones to trust now. Trump's minions are going to "create our own reality" with "alternate facts."

But I thought he was bringing jobs back to America?!

I like presidents who create lots of jobs!

What kind of jobs? 12.00 an hour jobs? Non living wage jobs?

[quote] What EVER could've happened??

The Federal Reserve has historically kept interest rates high longer than they should have, putting a brake on the economy as intended, but for too long.

I will believe ADP before I believe anything put out by this administration.

[quote] Per the article, the jobs report came out today

It’s not the jobs report. It’s a report from ADP, a private company.

Yes, but ADP can clearly use their hard data and known market share to easily estimate the whole job picture. It's just simple math.

I'm sure Trump's new BLS numbers will be cooked to perfection, like a fucking Beef Wellington of bullshit.

Trumpfuckery stats will also originate from corporations. NYT today reports how 6 months of it has affected John Deere :

Net income down: 29%. Tariffs paid on imported steel and aluminum: $300 million. Laid off works in IA and IL: 238 (presumably many of them Trump voters/supporters)

^^^Laid-off workers: 238.

It's the jobs report, not the ADP data that the Federal Reserve uses to adjust interest rates, or not. The two reports often diverge since the ADP i only measures private payrolls.

True r23. The problem these days is that Trump has declared that the BLS numbers better be to his liking or people will get fired. That creates a dilemma, to put it mildly.

I DID THAT!

There has been a problem with the BLS numbers, which everyone could see when the massive revisions to past months have been done. I’ve heard an economist explain that the problem is that the numbers are based on voluntary surveys completed by companies, but with no due date, so some July numbers could come in September, October, whenever, causing the revisions. That no way to gather and report such important information.

I YAM TYE-YURD OF WINNIN,' OP

and 👇

R14: The only jobs he ever created were for his grifting crime family.

What economist explained that to you r26, and did it ever occur to you or him to give a shit before they looked bad for Trump?

[quote]The only jobs he ever created were for his grifting crime family.

Funny how the Biden Crime Family just stopped criming when Biden left office. Not a word from Republicans about continued malfeasance.

R1 how does it feel to be proven a complete fucking MORON?

It wasn’t great last year. Simply basing data on reported job postings, and not on if those were then actually approved or actually resulted in hiring people for the posted jobs, is spinning and doesn’t translate into “more jobs” or an improving economy. But, the Left media…

Guess firing the Bureau of Labor Statistics chief didn't do any good:

[quote] Funny how the Biden Crime Family just stopped criming when Biden left office. Not a word from Republicans about continued malfeasance.

Biden explicitly pardoned the whole family for any crimes they committed. They can’t be pursued. I assume Trump will continue the new tradition before he leaves office.

Biden may have pardoned them for past "crimes," but you can't pardon someone for future crimes. Again, did they just stop criming?

[quote] did they just stop criming?

If assuming they did it in the past, then yes. With no more power for protection, that’s not surprising, is it?

Even better, new BLS appointee turns out to a raging sexist bigot. Who’d a thunk it?

[quote]Trump’s pick to lead BLS ran Twitter account with sexually degrading, bigoted attacks

So, right on brand, then?

The Trump economy is certainly working out well for two voting populations that went for Trump in larger numbers last year: