Well, jobs numbers are down the most since last time Trump was POTUS

LotusBud

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Like we've all been saying to you MAGAts, Trump is destroying the economy.

Wall Street strategists are sharply recalibrating their economic outlooks after
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showed weaker-than-expected hiring and staggering downward revisions to prior months' data, suggesting the labor market may be losing steam at a quicker pace than previously thought.

The US economy added just 73,000 jobs in July, far below the 104,000 expected by economists. But the bigger surprise came from revisions to the May and June figures, which collectively erased 258,000 jobs. This marked the largest two-month downward revision since May 2020.

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OP
OP
LotusBud

LotusBud

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So, he fired the person who reported the truth. That'll help the jobs numbers.

Although the May and June jobs numbers were worse than initially believed, revisions are normal in this process. The BLS’ initial monthly jobs estimates are often based on incomplete data, so they are revised twice after the initial report — followed by an annual revision every February. Additionally, BLS economists use a formula to smooth out jobs numbers for seasonal variations and that can exacerbate revisions when they fall outside economists’ expectations.

Trump on Friday incorrectly called the revisions a “mistake.”

“McEntarfer said there were only 73,000 Jobs added (a shock!) but, more importantly, that a major mistake was made by them, 258,000 Jobs downward, in the prior two months,” Trump
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. “Similar things happened in the first part of the year, always to the negative. The Economy is BOOMING under ‘TRUMP.’”

Trump said McEntarfer “faked” the jobs numbers before the election to try to boost former Vice President Kamala Harris’ chances in the 2024 presidential election.

“We’re doing so well. I believe the numbers were phony, just like they were before the election, and there were other times. So, you know what I did? I fired her, and you know what? I did the right thing,” Trump told reporters Friday on the South Lawn.

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Lily

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So, he fired the person who reported the truth. That'll help the jobs numbers.

Although the May and June jobs numbers were worse than initially believed, revisions are normal in this process. The BLS’ initial monthly jobs estimates are often based on incomplete data, so they are revised twice after the initial report — followed by an annual revision every February. Additionally, BLS economists use a formula to smooth out jobs numbers for seasonal variations and that can exacerbate revisions when they fall outside economists’ expectations.

Trump on Friday incorrectly called the revisions a “mistake.”

“McEntarfer said there were only 73,000 Jobs added (a shock!) but, more importantly, that a major mistake was made by them, 258,000 Jobs downward, in the prior two months,” Trump
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. “Similar things happened in the first part of the year, always to the negative. The Economy is BOOMING under ‘TRUMP.’”

Trump said McEntarfer “faked” the jobs numbers before the election to try to boost former Vice President Kamala Harris’ chances in the 2024 presidential election.

“We’re doing so well. I believe the numbers were phony, just like they were before the election, and there were other times. So, you know what I did? I fired her, and you know what? I did the right thing,” Trump told reporters Friday on the South Lawn.

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I don't think he understands how unemployment works. The more people that are fired. . .
 
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Like we've all been saying to you MAGAts, Trump is destroying the economy.

Wall Street strategists are sharply recalibrating their economic outlooks after
Please, Log in or Register to view URLs content!
showed weaker-than-expected hiring and staggering downward revisions to prior months' data, suggesting the labor market may be losing steam at a quicker pace than previously thought.

The US economy added just 73,000 jobs in July, far below the 104,000 expected by economists. But the bigger surprise came from revisions to the May and June figures, which collectively erased 258,000 jobs. This marked the largest two-month downward revision since May 2020.

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During the Biden administration job numbers were fake high because of the Government Hiring. All that did was take money out ot the economy and weakin it by increasing debt.
 

Admin.

I’ll stop drinking, as soon as I’m named SecDef.
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PmqRLmd_d.webp
 

Admin.

I’ll stop drinking, as soon as I’m named SecDef.
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Now’s as good a time as any to review Trump’s idiotic and ghoulish brag about a “good” job numbers report, as reported by the infamous “Stalinist News maker upper” PBS

 

The Prowler

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For starters, get the immigrants out. They take up the unskilled jobs that dumb people like @Admin. should be doing.

Next, embrace technology. Producing more with a smaller workforce is a good thing. A great thing.

I find it funny that people do not realize that efficiency is desirable. Unemployment is a sign. A good sign. A great sign.
 

Admin.

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For starters, get the immigrants out. They take up the unskilled jobs that dumb people like @Admin. should be doing.

Next, embrace unemployment. Producing more with a smaller workforce is a good thing. A great thing.

I find it funny that people do not realize that efficiency is desirable.
Stfu you incel buffoon.
 

Joe

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I don't think he understands how unemployment works. The more people that are fired. . .
There might be more inflation on the way due to the tariffs. The US companies were buying a lot of their inventory prior to the tariffs. Plus they were eating much of that cost instead of passing it onto the consumer. So these factors may dampen an already weak job market making unemployment worse in the coming months.
 

Joe

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This YouTuber provides an impartial summary of the latest jobs report & what is coming for the US Economy :