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.

[Tug]

Bet Donnie is fixing to blow a gasket (if we are lucky)not surprised in the least tho.

[Hamus Yaigh]

Do we need THREE different threads on a jobs report! Trump’s tariffs and immigration policies, including repatriation efforts, likely contributed to the weak July 2025 jobs report (73,000 jobs added, with significant revisions downward). Stagflation incoming, a big sell for the markets.

[metisdead]

Posts with derogatory nicknames, intentional misspellings, or personal remarks will be removed. Spell names correctly for all sides of the debate.

[jerrymahoney]

Trump says on Truth Social “The Economy is BOOMING.”

 

BLS has said that maybe the economy is not BOOMING.

 

Trump fires head of BLS.

 

Now, the economy is BOOMING.

[phetphet]

The Canadian boycotts alone must be causing some job losses.

[Hawaiian]

18 minutes ago, jerrymahoney said:

Trump says on Truth Social “The Economy is BOOMING.”

 

BLS has said that maybe the economy is not BOOMING.

 

Trump fires head of BLS.

 

Now, the economy is BOOMING.

If people in government keep telling it like it is there won't be anyone left to fire.

[Lacessit]

It's going to get worse after September 30, when 154,000 Federal employees and their deferred resignations are activated.

 

Am I the only one noticing the silence around DOGE has become deafening?

[Will B Good]

Now that is some impressive spin............(Vance voted for the BSL commissioner)

 

[UWEB]

48 minutes ago, jerrymahoney said:

Trump says on Truth Social “The Economy is BOOMING.”

 

BLS has said that maybe the economy is not BOOMING.

 

Trump fires head of BLS.

 

Now, the economy is BOOMING.

The orange TACO should rename it to TRUE Liar, would fit more.

[jerrymahoney]

Michael Strain, director of economic policy studies at the right-leaning American Enterprise Institute, defended Entarfer, saying she had conducted herself with "great integrity".

 

"It is imperative that decisionmakers understand that government statistics are unbiased and of the highest quality. By casting doubt on that, the President is damaging the United States," he wrote on social media.

 

https://www.bbc.com/news/articles/cvg3xrrzdr0o

[MarkBR]

21 hours ago, BLMFem said:

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."

 

The true horror of Trump for the majority of non-rich US Americans!

[MarkBR]

1 hour ago, Hawaiian said:

If people in government keep telling it like it is there won't be anyone left to fire.

He could always fire himself

[Lacessit]

56 minutes ago, Will B Good said:

Now that is some impressive spin............(Vance voted for the BSL commissioner)

 

Probably the only thing stopping Trump from firing Jerome Powell is the threat of China and Japan abandoning US Treasury bonds.

[MarkBR]

1 minute ago, Lacessit said:

Probably the only thing stopping Trump from firing Jerome Powell is the threat of China and Japan abandoning US Treasury bonds.

That would be bad for everyone, especially USA.

[Hawaiian]

6 minutes ago, MarkBR said:

He could always fire himself

Does he ever tell it like it is?

[Jingthing]

7 minutes ago, MarkBR said:

He could always fire himself

He'll never do that but perhaps he could give himself the Nobel Peace Prize?

[NoDisplayName]

21 hours ago, BLMFem said:

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.

 

HA!  Trump can fix this easy-peasy economy squeezie!

 

Imagine the affect 100% tariffs on the US jobs market would have!

Tacos for everyone!

 

Winning©!

[Hummin]

1 hour ago, Hawaiian said:

If people in government keep telling it like it is there won't be anyone left to fire.

Oh, no worries there is many Kennedys and and JD´s out there to hire, so soon no longer need to fire anyone

[Lacessit]

17 hours ago, Jingthing said:

He'll never do that but perhaps he could give himself the Nobel Peace Prize?

Why not? He has awarded himself a golf championship he never played in.

[Jim Blue]

17 hours ago, Jingthing said:

He'll never do that but perhaps he could give himself the Nobel Peace Prize?

Not to difficult to create one is it?

Not sure the Trump awards will really catch on ....but you never know !

[JimHuaHin]

Surprised, why?

 

Musk's DOGE removed hundreds of thousands of government employees from their jobs.

 

Trump's tariffs have made produce more expensive, thus creating unemployment; some US companies moving operations offshore, thus creating more domestic unemployment.

 

What does one expect from the Trump regime, which cannot comprehend even high school economics?

[Hawaiian]

30 minutes ago, JimHuaHin said:

Surprised, why?

 

Musk's DOGE removed hundreds of thousands of government employees from their jobs.

 

Trump's tariffs have made produce more expensive, thus creating unemployment; some US companies moving operations offshore, thus creating more domestic unemployment.

 

What does one expect from the Trump regime, which cannot comprehend even high school economics?

What do I expect?   Chaos.

[Wingate]

22 hours ago, Lacessit said:

It's going to get worse after September 30, when 154,000 Federal employees and their deferred resignations are activated.

 

Am I the only one noticing the silence around DOGE has become deafening?

The Fed workforce number will be reflected in the unemployment rate, not the jobs number. The jobs number refers to jobs created.

 

If those Fed workers don't look for another job, that will be reflected in the Labor Participation Rate (LPR), and as that shrinks, the UE number becomes deceptive. Disillusioned workers who have given up looking for work are not counted as "unemployed".

 

The LPR under Trump peaked in Jan-Apr at 62.6%, but has now fallen to 62.2% as of July. The fall could well be due to some effects from the tariff debacle. That .4% drop actually benefits Trump's UE statistic, because none of the people represented in that .4% drop are considered "unemployed". Were they included, the UE number would not be just 4.2%, but higher.

[mogandave]

4 minutes ago, Wingate said:

The Fed workforce number will be reflected in the unemployment rate, not the jobs number. The jobs number refers to jobs created.

 

If those Fed workers don't look for another job, that will be reflected in the Labor Participation Rate (LPR), and as that shrinks, the UE number becomes deceptive. Disillusioned workers who have given up looking for work are not counted as "unemployed".

 

The LPR under Trump peaked in Jan-Apr at 62.6%, but has now fallen to 62.2% as of July. The fall could well be due to some effects from the tariff debacle. That .4% drop actually benefits Trump's UE statistic, because none of the people represented in that .4% drop are considered "unemployed". Were they included, the UE number would not be just 4.2%, but higher.

I believe everyone that receives unemployment benefits is counted as unemployed. 

 

The unemployment number has been deceptive for a long time. 

[annotator]

41 minutes ago, Wingate said:

The Fed workforce number will be reflected in the unemployment rate, not the jobs number. The jobs number refers to jobs created.

 

If those Fed workers don't look for another job, that will be reflected in the Labor Participation Rate (LPR), and as that shrinks, the UE number becomes deceptive. Disillusioned workers who have given up looking for work are not counted as "unemployed".

 

The LPR under Trump peaked in Jan-Apr at 62.6%, but has now fallen to 62.2% as of July. The fall could well be due to some effects from the tariff debacle. That .4% drop actually benefits Trump's UE statistic, because none of the people represented in that .4% drop are considered "unemployed". Were they included, the UE number would not be just 4.2%, but higher.

The thing about the LPR is that it is inevitably going to go lower as times passes by. That's because it includes virtually all Americans from the age of 16 no matter how old they become. The only groups excluded are those in the armed forces, in nursing homes and such, in prisons and I think there's one other category. And since the average population is aging, the number keeps on getting lower. So this part of the decline can't be laid at President Trump's door. The rate of decline should also accelerate as the number of immigrants declines and illegals are expelled. But that's a good thing.