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US Jobs Report For July A Disaster

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  • Popular Post

So, apparently the economists expected a net gain of 80,000+ jobs in July. But instead the market lost 23,000.

Tired of winning yet?

'US suffers unexpected job losses in July, markets dial back rate hike expectations'

https://www.reuters.com/business/us-nonfarm-payrolls-fall-july-unemployment-rate-eases-41-2026-08-07/

"The U.S. economy unexpectedly shed jobs in July and previously reported job gains for the prior two months were revised sharply lower, tempering financial market expectations for an interest rate hike from the Federal Reserve next month.

While the Labor Department's closely watched employment report on Friday showed the unemployment rate falling to 4.1% last month from 4.2% in June, that was because another 264,000 people left the labor force, pushing the participation rate to a near ‌5-1/2-year low of 61.4%, and hampering hiring.

The big revisions to previously reported changes in the US employment level came back into focus in July, a year after a historically large revision to earlier employment estimates resulted in President Donald Trump firing the Bureau of Labor Statistics commissioner and accusing her, without evidence, of tampering with the figures."

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  • BLMFem
    BLMFem

    "Trump has claimed more than $18 trillion in investment commitments." Actually, he says it's over $20 trillion now. And remember, there are people walking the earth that actually believe him.🤣

  • Wingate
    Wingate

    I remember during the campaign when Trump promised to "bring prices down". I'm going to go out on a limb here and suggest Trump never studied calculus. He has no clue what a first derivative is. Tru

  • Cameroni
    Cameroni

    It's perfectly normal for job figures to go down in summer, especially in this post World Cup August, when the hotel and leisure industries are going through the post World Cup hangover. Perfectly no

Posted Images

  • Popular Post
16 minutes ago, BLMFem said:

So, apparently the economists expected a net gain of 80,000+ jobs in July. But instead the market lost 23,000.

Tired of winning yet?

'US suffers unexpected job losses in July, markets dial back rate hike expectations'

https://www.reuters.com/business/us-nonfarm-payrolls-fall-july-unemployment-rate-eases-41-2026-08-07/

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"The U.S. economy unexpectedly shed jobs in July and previously reported job gains for the prior two months were revised sharply lower, tempering financial market expectations for an interest rate hike from the Federal Reserve next month.

While the Labor Department's closely watched employment report on Friday showed the unemployment rate falling to 4.1% last month from 4.2% in June, that was because another 264,000 people left the labor force, pushing the participation rate to a near ‌5-1/2-year low of 61.4%, and hampering hiring.

The big revisions to previously reported changes in the US employment level came back into focus in July, a year after a historically large revision to earlier employment estimates resulted in President Donald Trump firing the Bureau of Labor Statistics commissioner and accusing her, without evidence, of tampering with the figures."

And the main reason for the slightly better unemployment rate is....that more people left the job market!

https://fred.stlouisfed.org/series/CIVPART

Screenshot_20260808_134349_Samsung Browser.jpg

Unfortunately, Trump will learn that his first term was great for job creation, until Covid. His second term has been a disaster. November will be a serious wakeup call for both parties.

  • Popular Post

May and June job gains were revised down by a combined 103,000 jobs, showing weaker hiring than previously reported. That seems to have gone under the radar......

............also U-6.....real unemployment .............close to 8%

Not so rosy.

  • Popular Post
2 minutes ago, MIke B Bad said:

May and June job gains were revised down by a combined 103,000 jobs, showing weaker hiring than previously reported. That seems to have gone under the radar......

............also U-6.....real unemployment .............close to 8%

Not so rosy.

Indeed! 😃

https://tradingeconomics.com/united-states/non-farm-payrolls

Screenshot_20260808_144436_Samsung Browser.jpg

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  • Popular Post

No wonder he's so historically unpopular. He's even lost his core demographic, non-college educated adults.thumbsup

  • Popular Post

Trump has claimed more than $18 trillion in investment commitments.

Yet manufacturing employment has barely moved — July added just 5,000 jobs.

After the extraordinary manufacturing jobs collapse in 2020 during Trump’s first term and COVID, manufacturing employment recovered substantially under Biden, despite a modest decline in 2024.

Trump inherited that much stronger employment base in 2025.

Almost two years in, there is no comparable manufacturing jobs boom.

Tariffs. Trillions in promised investment. Where are the manufacturing jobs?

fredgraph (4).png


fredgraph (3).png

All Employees, Manufacturing (MANEMP) | FRED | St. Louis Fed
https://fred.stlouisfed.org/series/MANEMP#

  • Author
  • Popular Post
8 minutes ago, LosLobo said:

Trump has claimed more than $18 trillion in investment commitments.

Yet manufacturing employment has barely moved — July added just 5,000 jobs.

After the extraordinary manufacturing jobs collapse in 2020 during Trump’s first term and COVID, manufacturing employment recovered substantially under Biden, despite a modest decline in 2024.

Trump inherited that much stronger employment base in 2025.

Almost two years in, there is no comparable manufacturing jobs boom.

Tariffs. Trillions in promised investment. Where are the manufacturing jobs?

fredgraph (4).png


fredgraph (3).png

All Employees, Manufacturing (MANEMP) | FRED | St. Louis Fed
https://fred.stlouisfed.org/series/MANEMP#

"Trump has claimed more than $18 trillion in investment commitments."

Actually, he says it's over $20 trillion now. And remember, there are people walking the earth that actually believe him.🤣

Edited by BLMFem

6 minutes ago, BLMFem said:

"Trump has claimed more than $18 trillion in investment commitments."

Actually, he says it's over $20 trillion now. And remember, there are people walking the earth that actually believe him.🤣

Expect Illisdean/Boganjoe to brag about it! 😃

18 minutes ago, BLMFem said:

"Trump has claimed more than $18 trillion in investment commitments."

Actually, he says it's over $20 trillion now. And remember, there are people walking the earth that actually believe him.🤣


Apparently, some of the investment pledges Trump was counting were several times larger than the annual GDP of the countries making them, particularly Qatar and the United Arab Emirate.

Facts can be inconvenient.

Something that is missing here in the discussion...

S&P closes at record high; weak job data boosts Wall Street.

More jobs were cut in the US last month than expected. Wall Street welcomed the news, as it makes an interest rate hike less likely. Major US indices posted significant gains ahead of the weekend.

A surprisingly weak US labor market report fueled hopes for a pause in interest rate hikes by the Federal Reserve and drove gains on Wall Street on Friday.

So the gains are for...

Yes, sure not for those who loose their job. Those that the "big beautiful bill" was made for.

Good for the rich and wealthy.

The typical Trump voters (sarcasm included).

  • Popular Post

Hey yagoda and the rest of the trump supporters….riclag ect what’s your take on this misfortune befalling our country ehh???glad I’m retired.My heart goes out to the families trying to survive in this mess.sad.

  • Popular Post

I remember during the campaign when Trump promised to "bring prices down".

I'm going to go out on a limb here and suggest Trump never studied calculus. He has no clue what a first derivative is.

Trump equates a reduction in inflation with lower prices. Inflation is merely the rate of change in prices, or a first derivative.

If inflation falls from 5% to 3.5%, that just means prices are rising less quickly. It does not mean prices are falling.

Anyway, inflation is still higher today than it was in December 2024, so Trump hasn't even dealt with the derivative.

Then Trump has his mouthpiece Bessent claiming wages are rising. Relative to inflation? No. If wages rise 2% but inflation is 3.5%, consumers are less well off.

Now the elite are doing better. No doubt about that. Bessent tried to argue the K shaped economy is not happening, when the reality is worker % of GDP is at an all time low. Corporate profits---especially on data center hyperscalers who changed their depreciation schedule on chips to juice earnings GAAP legally but wrongly---are on the rise (the upper leg of the K), while wage earners % of GDP is falling (the lower leg of the K).

There's so much feel good fantasy in the markets, too. How lovely is it that private equity can loan upwards of $1 trillion to data center hyperscalers (a private bond), but because it isn't exchange traded, private equity firms like Blackrock can mark it to whatever price they choose. (Think of the part of the movie The Big Short when the Michael Burry character chastises the DB and Goldman characters for not making CDS's to a proper value, because the CDSs were not exchange traded.)

Blackrock had a loan (bond) it valued at par one day, and the next day at $0. Failure to service that debt did not happen in a second, but Blackrock was allowed to recognize the loss at their leisure.

Jamie Dimon has warned about this fraud, but despite the fact he's a conservative, few are listening to him.

The market is rising on bank lending to private equity, who is loaning it to hyperscalers, who are using it to buy equity in firms that are part of their data center, like Amazon "investing" in OpenAI with money banks loaned to private equity who holds a non-exchange traded bond with a hyperscaler. It's a Daisy Chain.

It all works until it doesn't, just like the CDO world of 2008. Back then, the canary in the coal mine was the Bear Stearns hedge fund that went belly up a few months before the bottom fell out. Maybe this time it was Leopold Aschenbrenner, who lost 67% of his $45 billion hedge fund in a few days. The harbinger of what's coming.

Absent the AI data center buildout, 2nd Quarter GDP would have been negative. The equity market is now something like 45% the AI trade. Great if we build another few thousand data centers and nobody goes for the cheaper (but superior, according to the Hugging Face CEO) Chinese versions, whose companies are valued at about 8% of what OpenAi and Anthropic are supposedly valued.

Edited by Wingate

Basically what happened in July was the job market is so bad, many job seekers just stopped looking.

This is good news for Wall Street!

That means the economy is bad and faltering and not too strong so prices will fall as people hunt for bargains with their remaining dwindling cash reserves.

So no interest rate increases for Rich people to borrow money against their stock equity for their lavish lifestyles.

The interest rates for everyone else will remain high at 21-28% or whatever your credit card company charges you.

This is great news if you're looking for a job and you don't give up--less competition, soon to be hitting the pavement homeless. 🫪

On 8/8/2026 at 2:58 PM, Schoggibueb said:

Something that is missing here in the discussion...

S&P closes at record high; weak job data boosts Wall Street.

More jobs were cut in the US last month than expected. Wall Street welcomed the news, as it makes an interest rate hike less likely. Major US indices posted significant gains ahead of the weekend.

A surprisingly weak US labor market report fueled hopes for a pause in interest rate hikes by the Federal Reserve and drove gains on Wall Street on Friday.

So the gains are for...

Yes, sure not for those who loose their job. Those that the "big beautiful bill" was made for.

Good for the rich and wealthy.

The typical Trump voters (sarcasm included).

Interest rates the major factor. US market participants reside in some form of "opium den". The drug: Interest rates not increasing significantly.

One more such devastating jobs report in combination with the realisation that the billions that the AI wizards have invested, will not turn into solid profits soon, gives reason to believe that the "wall street opium addicts" are walking on thin ice.

Are you suggesting Trump lies?

I find that shocking

16 minutes ago, JBChiangRai said:

Are you suggesting Trump lies?

I find that shocking

Who are you adressing ?

Stand by for the boss of statistics to be fired - again.

On 8/8/2026 at 3:20 PM, BLMFem said:

No wonder he's so historically unpopular. He's even lost his core demographic, non-college educated adults.thumbsup

The group the Trump movement was built upon is saying, "We don't like MAGA anymore."

I rather think they say. MAGA? We, nooooo never have been

  • Popular Post

It's perfectly normal for job figures to go down in summer, especially in this post World Cup August, when the hotel and leisure industries are going through the post World Cup hangover.

Perfectly normal.

  • Popular Post
13 hours ago, Wingate said:

Anyway, inflation is still higher today than it was in December 2024, so Trump hasn't even dealt with the derivative.

It's ludicrous to expect a single man to bring down inflation. Just as Biden wasn't responsible for inflation, Trump isn't responsible for it either.

13 hours ago, Wingate said:

private equity firms like Blackrock can mark it to whatever price they choose.

The usual half-baked misunderstanding of the financial markets Wingate is so famous for.

Edited by Cameroni

13 hours ago, Wingate said:

Jamie Dimon has warned about this fraud, but despite the fact he's a conservative, few are listening to him.

Jamie Dimon called Bitcoin a fraud. Everything's a fraud to him, except JP Morgan. No wonder nobody's listening to him anymore.

8 minutes ago, Cameroni said:

It's perfectly normal for job figures to go down in summer, especially in this post World Cup August, when the hotel and leisure industries are going through the post World Cup hangover.

Perfectly normal.

There was no world cup in June or May. Wink wink, nod nod

image.png

Edited by CallumWK

This whole "Political Soapbox" discussion is generally riclag's right wing propaganda "gee, look at how much nonsense I have swallowed, I need to show everybody how great the worst president in the history of the U.S. is".

MAGA=sheep. It's the cult of Donald Trump and I just don't get it. The guy is a buffoon.

As far as the jobs report, make no mistake there are a ton of jobs here in America. I would like to know how the job jumping is reflected here. Is leaving a job for a better paying job considered a job loss?

Edited by Priorexpat
spelling error

3 minutes ago, Priorexpat said:

As far as the jobs report, make no mistake there are a ton of jobs here in America. I would like to know how the job jumping is reflected here. Is leaving a job for a better paying job considered a job loss?

Hundreds of thousands of immigrants, who were working a job in the US, were removed by ICE.

Those immigrants were taking up jobs that the average American put his nose up to.

  • Popular Post

There was no world cup in June or May.

There was a world cup from June 11 to July 19.

Which resulted in massive demand in the hospitality, food and travel industries, which therefore took on extra labour. This labour is now, that the world cup has ended, not needed anymore and was let go.

It's not rocket science.

12 hours ago, Cameroni said:

It's ludicrous to expect a single man to bring down inflation. Just as Biden wasn't responsible for inflation, Trump isn't responsible for it either.

The usual half-baked misunderstanding of the financial markets Wingate is so famous for.

Trump’s tariff’s were always going to cause inflation.

When you factor in what other countries do in response, that also causes inflation as they seek other suppliers and the change becomes permanent.

Trump has damaged the American economy in ways which will only become clear in years to come.

29 minutes ago, JBChiangRai said:

Trump’s tariff’s were always going to cause inflation.

When you factor in what other countries do in response, that also causes inflation as they seek other suppliers and the change becomes permanent.

Trump has damaged the American economy in ways which will only become clear in years to come.

There was already inflation long before Trump put tariffs in place. You will recall Biden was castigated for it.

Inflation was significantly worse under Joe Biden. During Biden’s tenure (2021–2025), cumulative inflation rose by roughly 20% to 21%, driven by post-pandemic supply chain shocks, global energy spikes, and heavy fiscal stimulus. In contrast, cumulative inflation during Trump's first term (2017–2021) rose by only about 7% to 8%.

So Trump, far from damaging the American economy is in fact doing much better than his predecessor.

On 8/8/2026 at 4:48 PM, LosLobo said:


Apparently, some of the investment pledges Trump was counting were several times larger than the annual GDP of the countries making them, particularly Qatar and the United Arab Emirate.

Facts can be inconvenient.

... and completely irrelevant to cult members/voters

12 hours ago, Cameroni said:

It's ludicrous to expect a single man to bring down inflation. Just as Biden wasn't responsible for inflation, Trump isn't responsible for it either.

then he should have kept his mouth shut about that issue on the campaign.... why do you think he didn't?

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