Wonder who Trump will fire now?:
"Total nonfarm payroll employment changed little in August (+22,000) and has shown little change since April, the U.S. Bureau of Labor Statistics (BLS) reported today. The unemployment rate, at 4.3 percent, also changed little in August."
https://www.bls.gov/news.release/empsit.nr0.htm
And you know how Trump's tariffs are going to spur US manufacturing growth? Well ------
"Manufacturing employment changed little in August (-12,000) but is down by 78,000 over the year."
A few other tidbits:
"In August, the labor force participation rate changed little at 62.3 percent, and the employment-population ratio was unchanged at 59.6 percent. Both measures have declined by 0.4 percentage point over the year. (See table A-1.)
"The number of people not in the labor force who currently want a job, at 6.4 million, changed little in August but was up by 722,000 over the year." These "discouraged workers" are not counted as unemployed but an increase in their number shows more weakness in the labor market.
And guess what? June and July were actually worse than the previously reported figures which caused Trump to throw a fit:
"The change in total nonfarm payroll employment for June was revised down by 27,000, from +14,000 to -13,000, and the change for July was revised up by 6,000, from +73,000 to +79,000. With these revisions, employment in June and July combined is 21,000 lower than previously reported."
But we're "on the verge" of a "booming economy" according to MAGA sheep like Mott.
From our libertarian friends at Reason:
"When you look at the sectors of the economy that were supposed to benefit from Trump's economic policies, however, the news gets significantly worse. The manufacturing sector lost 12,000 jobs during the month of August and 78,000 over the past year, according to the data released Thursday by the Department of Labor.
Over the past three months, during which Trump's tariffs have been in full swing, the manufacturing sector is down 31,000 jobs. Other blue-collar sectors like construction and mining are down over that same period.
All three sectors figure to have been negatively affected by Trump's tariffs, which (contrary to the administration's claims) have hit American businesses with huge new taxes on parts, raw materials, equipment, and more. Like with any big tax increase, one way businesses can offset those costs is by hiring fewer people or postponing new investments and expansion. That's exactly what manufacturing firms say they have been doing.
In short: The tariffs are doing the exact opposite of what the Trump administration promised, but pretty much exactly what most economists warned would happen.
https://www.msn.com/en-us/money/markets/maga-economics-is-losing/ar-AA1LYhbM?ocid=msedgntp&pc=U531&cvid=9e7d10760ff74a84d77bf7480d38014f&ei=24
@no1marauder saidAnd Trump will say FAKE NEWS, the economy is BOOMING like never before, and then takes steps to fire whomever made up those job market numbers.
From our libertarian friends at Reason:
"When you look at the sectors of the economy that were supposed to benefit from Trump's economic policies, however, the news gets significantly worse. The manufacturing sector lost 12,000 jobs during the month of August and 78,000 over the past year, according to the data released Thursday by the Department of Labor.
Ov ...[text shortened]... ga-economics-is-losing/ar-AA1LYhbM?ocid=msedgntp&pc=U531&cvid=9e7d10760ff74a84d77bf7480d38014f&ei=24
Sticking with his MO, Kill the messenger.
From a survey of Texas businesses:
"3. Has your business been impacted by higher tariffs this year?
Of those surveyed, 48 percent of businesses said they’ve been negatively impacted by higher tariffs this year. The effect is most widespread in manufacturing, where more than 70 percent of firms noted negative impacts, followed by retail, where roughly 60 percent of firms noted negative impacts."
https://www.dallasfed.org/research/surveys/tbos/2025/2508q
@Mott-The-Hoople saidThe administration clamoring for interest rate cuts just shows how weak the economy is - you don't cut interest rates when it is "booming".
The fourth branch fighting till the end.
The fed must be eliminated
@no1marauder saidThe economy is not that bad, just everyone scared to buy right now because of high interest rates.
The administration clamoring for interest rate cuts just shows how weak the economy is - you don't cut interest rates when it is "booming".
The Powell is the same one that cut interest rates right before an election to help democrats
@no1marauder
I have two thoughts on this matter. The first is that since Trump has been in office, it has become very difficult to believe anything the federal government says, either because Trump has packed departments with his own lackeys, or because people are afraid to speak truth to power for fear of reprisals. This is, in fact, the intended effect of telling repeated lies, that people should cease to care whether something is true or false. It’s straight out of the playbook of Josef Goebbels.
The second comment is that I will report simply what Trump’s own supporters will say: which is that the Biden administration made things such a mess, that it will take time for Trump’s policies to correct the mess and show a positive trend. This just shows how completely brainwashed Trump supporters have been.
@no1marauder saidYes indeed, and I think you know how Trump and Co. will react.
Wonder who Trump will fire now?:
"Total nonfarm payroll employment changed little in August (+22,000) and has shown little change since April, the U.S. Bureau of Labor Statistics (BLS) reported today. The unemployment rate, at 4.3 percent, also changed little in August."
https://www.bls.gov/news.release/empsit.nr0.htm
And you know how Trump's tariffs are going to ...[text shortened]... reported.[/b]"
But we're "on the verge" of a "booming economy" according to MAGA sheep like Mott.
1. They'll call it "fake news"
2. They'll tell everyone the "deep state" is conspiring against them.
3. Trump will pivot and start talking about all the factories that will be built here in America, and the millions of jobs they'll bring with them.
4. Trump will attack any news outlet that reports these jobs numbers.
Yada - Yada - Yada
Unfortunately for Donnie those numbers are very real and if this trend continues (and it will) his smokescreen will continue fade away.
It will be interesting to see how bad the employment situation will get before Republicans start changing their minds (and their votes) 😏
@mchill saidMostly they've done 3, saying how great the labor market will be in a year. There's a bit of 2 blaming it on the Fed for not cutting interest rates.
Yes indeed, and I think you know how Trump and Co. will react.
1. They'll call it "fake news"
2. They'll tell everyone the "deep state" is conspiring against them.
3. Trump will pivot and start talking about all the factories that will be built here in America, and the millions of jobs they'll bring with them.
4. Trump will attack any news outlet that reports thes ...[text shortened]... the employment situation will get before Republicans start changing their minds (and their votes) 😏
@Mott-The-Hoople saidThe Fed rate is 4.25% to 4.50% which is historically low. The Fed cut the rate twice last year after not doing so since the beginning of the COVID pandemic once in September and once after the election in November, long after inflation had abated though still higher (as it is now) than the Fed's 2% benchmark. They would have surely made further cuts this year if Trump hadn't stupidly added costs to businesses and consumers with his illegal tariffs. Now, the economy is sufficiently weak that they will almost certainly have to cut rates in September though how much that will help is debatable given the downward trend the economy is on.
The economy is not that bad, just everyone scared to buy right now because of high interest rates.
The Powell is the same one that cut interest rates right before an election to help democrats
@Mott-The-Hoople saidThe average rate since 1971 is 5.41%.
The economy is not that bad, just everyone scared to buy right now because of high interest rates.
The Powell is the same one that cut interest rates right before an election to help democrats
The current rate is 4.25%.
There's no way to argue that it's currently too high unless you are predicting a recession (or lying).
@Mott-The-Hoople saidSo the 30% tariffs mean NOTHING. Our produce going up by 50% or more means nothing like for bananas. Tariffs on BANANAS? when we cannot even grow them here? So where is the rational for putting huge tariffs on THAT produce and others like avocado's.
The economy is not that bad, just everyone scared to buy right now because of high interest rates.
The Powell is the same one that cut interest rates right before an election to help democrats
It will cost each American family some 2000 dollars a year GONE FROM THEIR BANK ACCOUNT because of tariffs.
And jobs loss because companies cannot run eating a 30% tariff so the price has to transfered to each consumer.
Foreign companies don't pay one PENNY in tariffs, WE pay them so when Trump pukes out we got over 100 BILLION in the bank now, money the US didn't have before so our country is up 100 billion right now, except it is US who paid that 100 bil in tariffs so the end result is we have total wealth the same before and after Tariffs.
Just another lie from Trump saying the entire country is up 100 bil.
@Mott-The-Hoople saidWhat exactly would change if you eliminated the Fed?
The fourth branch fighting till the end.
The fed must be eliminated
@sonhouse saidbananas are grown in Hawai and Florida, and could be grown in more states.
So the 30% tariffs mean NOTHING. Our produce going up by 50% or more means nothing like for bananas. Tariffs on BANANAS? when we cannot even grow them here? So where is the rational for putting huge tariffs on THAT produce and others like avocado's.
It will cost each American family some 2000 dollars a year GONE FROM THEIR BANK ACCOUNT because of tariffs.
And jobs loss ...[text shortened]... same before and after Tariffs.
Just another lie from Trump saying the entire country is up 100 bil.
However does anybody know the history of what ahs been called "banana republics"? USA made banans cheap in middle america to help profits of US corporations.