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Wiz Imp

(6,466 posts)

4. Finally the jobs report shows the terrible impact of Trump's policies.

Fri Aug 1, 2025, 08:45 AM

Aug 1

+73,000 jobs for July is a super weak report. But even worse, May & June were both revised downward to close to 0 gain. May was revised down by 125,000, from +144,000 to +19,000, June was revised down by 133,000, from +147,000 to +14,000. That's a combined downward revision of 258,000. Taking that into account, The Job level for July is actually 185,000 lower than the initial level reported in June. Absolutely terrible numbers.

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mahatmakanejeeves Bernardo de La Paz

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U.S. added just 73,000 jobs in July and numbers for prior months were revised much lower [View all] BumRushDaShow Aug 1 OP

It's only going to get worse gab13by13 Aug 1 #1

The updated article noted the reported "147,000" job increase last month was revised down and was actually "19,000" BumRushDaShow Aug 1 #3

Who would have ever thought the the Felon in the White House would put out rurallib Aug 1 #5

tRump and WH do not "put out" the BLS numbers. Revisions have been frequent for decades. . . . nt Bernardo de La Paz Aug 1 #44

You do know that tRUMP is going to drive out the neutral bean counters at the BLS? wolfie001 Aug 1 #78

He's going to try (viz. firing chief of BLS today, after I wrote). We haven't seen the business world react yet. . . nt Bernardo de La Paz Aug 1 #79

You're always measured in your responses and very intelligent and level-headed wolfie001 Aug 1 #80

Thank you for your kind words. Mass action is in our hands. I too am hoping for a Blue Storm Surge 2026. . . nt Bernardo de La Paz Aug 1 #81

Go Blue Go!!! nt wolfie001 Aug 1 #84

And May revised down to 14,000 jobs Johnny2X2X Aug 1 #7

Yup BumRushDaShow Aug 1 #13

No, we don't need so-and-so numbers to keep up with population growth because we don't know population growth. mathematic Aug 1 #14

It is true that nearly 1 in 5 workers in the US labor force is foreign born. The irony with the immigration wedge PatrickforB Aug 1 #28

The US does need population growth for a while to deal with and care for the retiring boomer cohort Bernardo de La Paz Aug 1 #45

And yet when supposed economy numbers came out, some people here argue LisaL Aug 1 #15

You do have the fact that BumRushDaShow Aug 1 #20

No "just" about it. BLS is professional and no toadies parachuted in. You have NO evidence. . . . nt Bernardo de La Paz Aug 1 #46

So, like Trump, you don't believe the new numbers? onenote Saturday #94

Fake news my friends - sarcasm of course chicoescuela Aug 1 #12

Totally unfair! Why is everyone turning against him! Hugin Aug 1 #27

always the victim. what a pos chicoescuela Aug 1 #40

Give it a month or so for payments to be missed... Hugin Aug 1 #26

I was thinking about this this morning. Cuts in Medicare, ACA, and food programs underpants Aug 1 #29

I think Rebl2 Aug 1 #34

The massive cuts to Medicaid now will drastically degrade the level of care for Medicare as a secondary effect. Hugin Aug 1 #36

Those cuts only kick in after the 2026 midterms, by craven design of the magabots in Congress who think they are smart.n Bernardo de La Paz Aug 1 #47

The cuts to the CDC, NIH, and research/medical training have already started... Hugin Aug 1 #49

Medicare is also being cut substantially NickB79 Aug 1 #77

I think you are incorrect about the "no thought for ramifications" part. niyad Aug 1 #57

hmmm Skittles Saturday #92

"Sorry, all our fault." - Krasnov (r-felon) & G.O.P. Doormats, Inc. BoRaGard Aug 1 #2

Finally the jobs report shows the terrible impact of Trump's policies. Wiz Imp Aug 1 #4

I wonder where are all the college and high school jobs that always occurred during the summer? LiberalArkie Aug 1 #56

As I understand it, this still does not include the shit that DOGE did rurallib Aug 1 #6

Correct. There's over 150,000 Federal workers who took the deferred resignation option. Wiz Imp Aug 1 #8

In addition to what Wiz Imp wrote BumRushDaShow Aug 1 #16

How is Krasnov fucking with the numbers? ShazzieB Aug 1 #72

you are right I was wrong rurallib Aug 1 #75

No worries! ShazzieB Aug 1 #76

We are now seeing definite signs of stagflation, as feared. . . . . nt Bernardo de La Paz Aug 1 #9

This right here is bad bad as I understand it. The worst type of economic downturn Cheezoholic Aug 1 #23

Stagflation comes from supply shocks. Tariff taxes are a supply shock. Labour deportations are a supply shock. Bernardo de La Paz Aug 1 #25

"above the June total of 14,000" - they neglect to say that that was revised down from 147,000 Prairie Gates Aug 1 #10

Powell said on wednesday that lowered immigration was resulting in lower workforce size (growth) mathematic Aug 1 #11

That might impact/be related to the Laborforce Participation Rate BumRushDaShow Aug 1 #18

Oh absolutely, the LPR for immigrants is higher than native-born. mathematic Aug 1 #24

I put much more weight on the PRIME AGE LFPR (age 25-54) progree Aug 1 #33

Well you have a party ready to bring back "child labor" BumRushDaShow Aug 1 #37

LINKS to some BLS Data Series Numbers and Graphs - progree Aug 1 #17

Thank you again for taking the time!!! n/t Cheezoholic Aug 1 #35

YW 😊 progree Aug 1 #41

I seem to recall that Biden's#s mcar Aug 1 #19

We can check. mahatmakanejeeves Aug 1 #22

No, not really. 2021 had nearly all positive revisions. 22, 23, 24 had more negative revisions than positive mathematic Aug 1 #39

An excellent link. Discussion too. Thanks. NT mahatmakanejeeves Saturday #91

Monthly revisions are almost always fairly modest. When the revisions become significant, it usually Wiz Imp Aug 1 #43

Interesting observation about a possible "turning point". . . nt Bernardo de La Paz Aug 1 #48

By that chart, shouldn't we already be in a recession? KPN Aug 1 #60

You can't really tell that by the chart since it doesn't track monthly revisions. Wiz Imp Aug 1 #64

Wisdom of the Ancients: If circles and arrows have to be drawn on a chart for you to find... Hugin Aug 1 #21

Sorry about your jobs folks but did you hear about the new Ballroom? underpants Aug 1 #30

It'll have a big shiny disco ball and gilded corners. Hugin Aug 1 #38

Trump's tariffs, anti-immigration agenda and disrespect to other nations will break the American economy. Doodley Aug 1 #31

Likely Rebl2 Aug 1 #32

Long story short FakeNoose Aug 1 #42

Great gif! 🤣 ShazzieB Aug 1 #70

Ughh, look at the headlines at finance.yahoo.com. And S&P 500 down 1.6% 1136 AM ET progree Aug 1 #50

Maddow Blog-U.S. job growth turns cold as Trump's agenda takes its toll on the economy LetMyPeopleVote Aug 1 #51

Remember ADP reported much less jobs. FormerOstrich Aug 1 #52

ADP is only counting "private sector" jobs (using their payroll subscribers as the survey source) BumRushDaShow Aug 1 #61

Not in July. ADP reported 104,000 private sector jobs on Wednesday progree Aug 1 #67

'Brutal' job report leaves experts reeling: 'Hard to overstate how bad' LetMyPeopleVote Aug 1 #53

He'll blame Biden Yo_Mama_Been_Loggin Aug 1 #54

6 Of Last 7 Months Job Growth Has Failed To Keep Up With Population Growth DallasNE Aug 1 #55

Our new Golden Age speak easy Aug 1 #58

KA-BLAM! BlueWavePsych Aug 1 #59

No worries. Turbineguy Aug 1 #62

See #63 just below you /nt progree Aug 1 #65

President Trump says he will fire BLS commissioner after July jobs report disappoints progree Aug 1 #63

"Seems like LBN OP material" BumRushDaShow Aug 1 #66

Yeah, I figured. As soon as I saw my yellow "My Posts" light lit up, I immediately thought, ruh roh, progree Aug 1 #68

CNBC's breaking banner BumRushDaShow Aug 1 #69

Not only do they do these "First Friday" job numbers, they do CPI and PPI (wholesale) inflation, Productivity, progree Aug 1 #71

Kugler resignation posted about 15 minutes before your post BumRushDaShow Aug 1 #73

"Kugler resignated posted about 15 minutes before your post" - yeah I figured that, but thought progree Aug 1 #74

When using a " and a ( or ) BumRushDaShow Aug 1 #83

Thanks :) Yes, I run into that all the time, and do the same thing usually -- stick in a space progree Aug 1 #85

I know the feeling BumRushDaShow Aug 1 #87

I wish they'd give us a choice about using AI, but no, every time I do a Google search progree Saturday #89

I now frequently switch to Bing (M$'s search) BumRushDaShow Saturday #90

Yes, it would be nice not to have AI fill up half the first page. Mostly what I'm trying to do is prevent the AI search progree Saturday #96

Not Surprised OhioTim Aug 1 #82

Absolutely dismal and expected. kyburbonkid Aug 1 #86

Biggest Job Revisions Since 2020 Expose Pitfall of Economic Data progree Saturday #88

U.S. Is Trimming Back Its Collection of Consumer Price Data mahatmakanejeeves Saturday #93

Kick orangecrush Saturday #95

Checking against private sources sounds smart, but warning: they normally vary a great deal from the BLS numbers progree Saturday #97

The black unemployment rate (7.2%) is the worst since the pandemic-era October 2021 progree Sunday #98