Following the U.S. Q1/25 GDP growth (shrinkage) data, the US June 25 Private Sector Jobs Data has shown up with  33,000 loss v expectations of 115,000 gain.

 

We now ‘look forward’ to the inflation data.
 

https://edition.cnn.com/2025/07/02/economy/us-jobs-market-june-preview

 

https://www.bea.gov/news/2025/gross-domestic-product-1st-quarter-2025-third-estimate-gdp-industry-and-corporate-profits

The dismal jobs report leads to a delightful 'ooops' moment on Fox.😄

 

Fox Host Quickly Changes Tune After Jobs Report Misses the Mark

 

"“The expectations call for the ADP numbers to be up 95,000 for the month of June.” But when the ADP report showed that the private sector lost 33,000 jobs last month—the first drop in more than two years—the Fox host had to redirect the conversation.

“Right now, [I’m] seeing the number actually show a decline in jobs, down 33,000 on ADP,” she said before quickly pivoting to the Golden Dome missile defense system touted by Trump."

 

 

Wasn't there a MAGA claim that layoffs in the public sector would be compensated by an employment increase in the private sector?

ADP is not a very reliable indicator. Here's a better one:

 

The US economy added a stronger-than-expected 147,000 jobs in June and the unemployment rate fell to 4.1% 
The US job market continues to chug along, despite heightened uncertainty about the economy and how President Donald Trump’s tariffs could shake out.

The economy added a stronger-than-expected 147,000 jobs in June, and the unemployment rate ticked down to 4.1% from 4.2%, according to Bureau of Labor Statistics data released Thursday.

Last month’s gains, which landed above expectations for 117,500 jobs to be added, marked a slight increase from May’s total, which was revised up slightly (5,000 jobs) to 144,000. April’s job gains were revised higher by 11,000 jobs, for a net gain of 158,000.

https://www.cnn.com/2025/07/03/economy/us-jobs-report-june-final

7 hours ago, Chomper Higgot said:

Following the U.S. Q1/25 GDP growth (shrinkage) data, the US June 25 Private Sector Jobs Data has shown up with  33,000 loss v expectations of 115,000 gain.

 

We now ‘look forward’ to the inflation data.
 

https://edition.cnn.com/2025/07/02/economy/us-jobs-market-june-preview

 

https://www.bea.gov/news/2025/gross-domestic-product-1st-quarter-2025-third-estimate-gdp-industry-and-corporate-profits

LOL..you posted this before the official reports were released.  

1 minute ago, TedG said:

LOL..you posted this before the official reports were released.  

As usuall, egg on the face of a troll.

5 hours ago, Mike_Hunt said:

 

The job increase is largely due to government jobs...

https://www.bls.gov/charts/employment-situation/employment-by-industry-monthly-changes.htm

11 minutes ago, candide said:

The job increase is largely due to government jobs...

https://www.bls.gov/charts/employment-situation/employment-by-industry-monthly-changes.htm

You need to learn to take the L.

1 hour ago, Mike_Hunt said:

You need to learn to take the L.

I'll be more explicit for you. 🙂

The thread is about private sector jobs. The relatively good June numbers are due to government jobs.

6 hours ago, candide said:

I'll be more explicit for you. 🙂

The thread is about private sector jobs. The relatively good June numbers are due to government jobs.

 

Must be state employees then.  Because Federal workforce was reduced again.  Saving US taxpayers mo' money every month since the inauguration.  As promised.

 

 

BTW, I came across this tidbit, for anyone wanting to duplicate the "California Economy" by voting for Newsom.  (Or any Dem, for that matter- look at all those Dem run cities...)

 

 

 

 

 

2 hours ago, impulse said:

 

Must be state employees then.  Because Federal workforce was reduced again.  Saving US taxpayers mo' money every month since the inauguration.  As promised.

 

 

BTW, I came across this tidbit, for anyone wanting to duplicate the "California Economy" by voting for Newsom.  (Or any Dem, for that matter- look at all those Dem run cities...)

 

 

 

 

 

Yes, State and local employees.

 

More generally, it's mostly sectors less affected by tariffs which are showing a job growth.

 

The labor force also shrank by around130,000 workers, helping to decrease the unemployment rate.

22 minutes ago, candide said:

The labor force also shrank by around130,000 workers, helping to decrease the unemployment rate.

 

I wonder how many of them took the $1000 and a free airplane ticket back home?  Leaving more jobs for 'Murricans.

 

36 minutes ago, impulse said:

 

I wonder how many of them took the $1000 and a free airplane ticket back home?  Leaving more jobs for 'Murricans.

 

Yes, lezzgooo 'Murricans!