Anemic job growth: U.S. added just 73,000 jobs in July and numbers for prior months were revised MUCH LOWER

TOP said:
The first 6 months have been so successful...with midterms not far away and no one to step up to the plate, they have to try anything that they can to try to hurt US... and blame Republicans...;)
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It is sad that you really believe that. How sucked in are you by Trump? Corporations are almost always pro-Republican. Now Trump's stupidity is driving them away. Nothing will reach you. You will be in your Trump bunker until the end.
 
Nordberg said:
It is sad that you really believe that. How sucked in are you by Trump? Corporations are almost always pro-Republican. Now Trump's stupidity is driving them away. Nothing will reach you. You will be in your Trump bunker until the end.
Click to expand...
Why are you sad that i'm being positive? Who's being driven away?You're
the only one of us who is in a bunker and can't get out....
 

There is clearly a serious problem at the BLS, long before now:

  • Last year, BLS revised down the benchmark payroll growth for the year ending in March 2024 by 818,000 jobs — the second-largest benchmark revision on record.
    • The Daily Caller: “Including monthly revisions, the Biden administration overstated the number of jobs in the U.S. economy by 1.18 million in the year through March, accounting for approximately 36% of the 3.24 million jobs initially claimed, according to data from the BLS calculated by the Daily Caller News Foundation”

  • In July 2024, BLS revised jobs added in May of that year down by 54,000 jobs, and the jobs added in April down by 57,000 jobs.
  • In April 2024, BLS revised the jobs added in February of that year down — then further revised the number down the following month.
  • In February 2024, BLS revised the jobs added in December of the prior year down by 43,000 jobs and the jobs added in January of that year down by 124,000 jobs.

www.whitehouse.gov

BLS Has Lengthy History of Inaccuracies, Incompetence

A lengthy history of inaccuracies and incompetence by Erika McEntarfer, the former Biden-appointed Commissioner of the Bureau of Labor Statistics, has
www.whitehouse.gov www.whitehouse.gov
 
There is more to the economy than temporary jobs reports:




Positive points of US Q2 2025 economic performance
  • Strong GDP Growth: The US economy experienced a significant rebound in Q2 2025, with real GDP increasing at an annual rate of 3.0%, according to the U.S. Bureau of Economic Analysis (BEA). This reversed the 0.5% decrease seen in the first quarter.
  • Improved Consumer Spending: Consumer spending saw an increase of 1.4% in the second quarter, marking an improvement over the 0.5% seen in the first quarter. This suggests a renewed sense of consumer confidence and willingness to spend. The increase in consumer spending was seen in both goods and services, with healthcare, food services, accommodations, financial services, insurance, motor vehicles, parts, and pharmaceutical products being leading contributors.
  • Positive Trade Balance Impact: A substantial decline in imports (30.3%), reversing a surge in Q1, contributed significantly to the GDP growth. While exports also declined (1.8%), the larger drop in imports positively impacted the overall trade balance.

  • Solid Wage Growth: Compensation costs for civilian workers increased 0.9% on a quarterly basis and 3.6% over the year ending June 2025. Wages and salaries, a major component, rose 1.0% quarterly and 3.6% annually. Real (inflation-adjusted) wages and salaries increased by 0.8% annually, indicating workers are experiencing real gains in purchasing power.
  • Stable and Low Unemployment Rate: The unemployment rate remained within a narrow and historically low range of 4.0% to 4.2% over the past 14 months, settling at 4.1% in June 2025. This indicates a relatively healthy and tight labor market.

  • Moderate Inflation: Headline and core inflation measures, particularly the PCE price index favored by the Federal Reserve, showed signs of moderation. Headline PCE inflation slowed to 2.3% over the year through May 2025, just above the Fed's 2% target. Core PCE inflation (excluding food and energy) also slowed compared to the first quarter.

  • Growth Driven by Private Sector: Federal government spending declined for the second consecutive quarter, suggesting that the Q2 growth is being fueled by the private sector, specifically consumer spending and business investment, rather than government stimulus.

  • Strong Household Finances: Total household assets increased by 3.5% ($6.4 trillion) over the year ending in Q1 2025, driven by gains in the value of corporate equities. Stock markets have reached new record highs, and home prices remain strong, providing a solid foundation for continued consumer spending, particularly for middle- and high-income households.
 
Nordberg said:
It is sad that you really believe that. How sucked in are you by Trump? Corporations are almost always pro-Republican. Now Trump's stupidity is driving them away. Nothing will reach you. You will be in your Trump bunker until the end.
Click to expand...
Top is low IQ
 
Grokmaster said:
There is more to the economy than temporary jobs reports:




Positive points of US Q2 2025 economic performance
  • Strong GDP Growth: The US economy experienced a significant rebound in Q2 2025, with real GDP increasing at an annual rate of 3.0%, according to the U.S. Bureau of Economic Analysis (BEA). This reversed the 0.5% decrease seen in the first quarter.
  • Improved Consumer Spending: Consumer spending saw an increase of 1.4% in the second quarter, marking an improvement over the 0.5% seen in the first quarter. This suggests a renewed sense of consumer confidence and willingness to spend. The increase in consumer spending was seen in both goods and services, with healthcare, food services, accommodations, financial services, insurance, motor vehicles, parts, and pharmaceutical products being leading contributors.
  • Positive Trade Balance Impact: A substantial decline in imports (30.3%), reversing a surge in Q1, contributed significantly to the GDP growth. While exports also declined (1.8%), the larger drop in imports positively impacted the overall trade balance.

  • Solid Wage Growth: Compensation costs for civilian workers increased 0.9% on a quarterly basis and 3.6% over the year ending June 2025. Wages and salaries, a major component, rose 1.0% quarterly and 3.6% annually. Real (inflation-adjusted) wages and salaries increased by 0.8% annually, indicating workers are experiencing real gains in purchasing power.
  • Stable and Low Unemployment Rate: The unemployment rate remained within a narrow and historically low range of 4.0% to 4.2% over the past 14 months, settling at 4.1% in June 2025. This indicates a relatively healthy and tight labor market.

  • Moderate Inflation: Headline and core inflation measures, particularly the PCE price index favored by the Federal Reserve, showed signs of moderation. Headline PCE inflation slowed to 2.3% over the year through May 2025, just above the Fed's 2% target. Core PCE inflation (excluding food and energy) also slowed compared to the first quarter.

  • Growth Driven by Private Sector: Federal government spending declined for the second consecutive quarter, suggesting that the Q2 growth is being fueled by the private sector, specifically consumer spending and business investment, rather than government stimulus.

  • Strong Household Finances: Total household assets increased by 3.5% ($6.4 trillion) over the year ending in Q1 2025, driven by gains in the value of corporate equities. Stock markets have reached new record highs, and home prices remain strong, providing a solid foundation for continued consumer spending, particularly for middle- and high-income households.
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Sit and spin
 
Cypress said:

U.S. added just 73,000 jobs in July and numbers for prior months were revised much lower​

Nonfarm payrolls growth totaled 73,000 for July, above the June total of 14,000 but below even the meager Dow Jones estimate for a gain of 100,000.

June and May totals were revised sharply lower, down by a combined 258,000 from previously announced levels.

Click to expand...
Biden's numbers were revised down over 800,000...remember?
 
Cypress said:

U.S. added just 73,000 jobs in July and numbers for prior months were revised much lower​

Nonfarm payrolls growth totaled 73,000 for July, above the June total of 14,000 but below even the meager Dow Jones estimate for a gain of 100,000.

June and May totals were revised sharply lower, down by a combined 258,000 from previously announced levels.

Click to expand...
So NOW they're accurate? lmao
 
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