US jobs market: The figures are in, and it's grim

[BLMFem]

So the job numbers for July are in and it's ugly. But the revised numbers for the previous months are horrendous. 

 

US job growth stalls: Just 73,000 jobs added in July, with ‘stunning’ downward revisions to recent months

https://edition.cnn.com/2025/08/01/economy/us-jobs-report-july

 

"The US job market slowed sharply in July and was substantially weaker than first estimated for prior months, suggesting President Donald Trump’s trade policy may be stifling hiring.

The US economy added just 73,000 jobs last month, and the monthly totals for May and June were revised down by a combined 258,000 jobs.

The prior two months’ revisions were “stunning,” said Diane Swonk, chief economist at KPMG, in an interview with CNN."

 

[BLMFem]

Even the WSJ can't find a speck of gold in this gigantic pile of poo.

 

WSJ: U.S. Hiring Slowed Sharply Over the Summer

https://archive.ph/Ajvj8#selection-539.0-539.42

 

"Revisions cut down the jobs growth originally reported for May and June by a combined 258,000. That left May as having added just 19,000 jobs and June just 14,000. A perfect storm of changes is keeping business leaders cautious. Tariffs are weighing on manufacturing.
“To see three months in a row of fewer than half of industries adding jobs is unprecedented outside of a recession,” said Wells Fargo senior economist Sarah House."

 

[candide]

45 minutes ago, BLMFem said:

Even the WSJ can't find a speck of gold in this gigantic pile of poo.

 

WSJ: U.S. Hiring Slowed Sharply Over the Summer

https://archive.ph/Ajvj8#selection-539.0-539.42

 

"Revisions cut down the jobs growth originally reported for May and June by a combined 258,000. That left May as having added just 19,000 jobs and June just 14,000. A perfect storm of changes is keeping business leaders cautious. Tariffs are weighing on manufacturing.
“To see three months in a row of fewer than half of industries adding jobs is unprecedented outside of a recession,” said Wells Fargo senior economist Sarah House."

 

There are already two threads about it.