TACO Created A Whopping 23 000 Jobs Versus 75,000 Estimated. Unemployment Rate Ticks Up to 4.3%

[DemocratSinceBirth]

Labor market cracking

[bearsfootball516]

1. And June was revised to -13,000

That is absolutely atrocious. Recession incoming numbers.

[EdmondDantes_]

2. I guess maybe it wasn't that the previous BLS head was crooked

Maybe, just maybe, Trump's economic policies suck.

[maxrandb]

3. Who's getting fired now?

I pick Donnie Dipshit and "Vance can't dance, but he'll steal your money".

[newdeal2]

4. He wants his interest rate cuts

He doesn’t care about your job.

[gab13by13]

7. Yup, you get it.

He wants a weak dollar and strong crypto.

The new commissioner gave him exactly what he wanted, a reason to lower interest rates. Krasnov said he wants them eventually lowered to 1%.

[Scrivener7]

5. Add to that the person reporting. They'll be losing their job too.

[gab13by13]

6. This is the first jobs report under the new commissioner.

What this report will do is guarantee that Jerome Powell will cut interest rates which Krasnov dearly wants. Krasnov wants a weal dollar and strong crypto, he doesn't give a shit about a recession.

[onenote]

11. The new commissioner hasn't been confirmed.

Facts matter.

And apparently you believe that the labor market is actually healthy?

[alcuno]

8. Doesn't it take 180,000 jobs per month to keep up with population growth?

Even the estimates are less than half of what we need. I love how Lutnick said that after firing the head of BLS, the numbers would be more accurate.

[Doodley]

9. No, this won't mean an interest rate cut. Growth is at 3.3% and there are too many other inflationary pressures.

[Norbert]

10. But she cackles when she laughs.

[ProudMNDemocrat]

12. September will not be any better.

Those entering the job market are jobs that pay less than $15 an hour, less than 40 hour a week.

Retraction in job numbers means that the Economy is worsening. It does not take a Rocket Scientist to figure out that less people working means less taxes being collected, less spending, as the economy fractures under higher prices.

GREAT GOING, TACO Don! This is YOUR economy now! By the start of 2026, the Unemployment rate will be well over 5% and higher by June. It is a matter of time as the numbers show jobs are not there due to tariffs, immigration, etc.

[Johnny2X2X]

13. Worker Armageddon

The Republicans have dismantled the social safety net.

This is going to be bad, really bad, and it was all because of the GOP's half assed tariffs.

[LetMyPeopleVote]

14. MaddowBlog-U.S. job growth turns ugly over the summer as Trump's economic agenda falters

As MSNBC’s Ali Velshi summarized, “Turns out firing the ref doesn’t change the score.”

The question for the White House is simple: “If Trump has created a ‘hot’ economy, why has American job growth slowed to a 16-year low?” www.msnbc.com/rachel-maddo...

— Steve Benen (@stevebenen.com) 2025-09-05T13:07:38.074Z

https://www.msnbc.com/rachel-maddow-show/maddowblog/us-job-growth-turns-ugly-summer-trumps-economic-agenda-falters-rcna229286

Expectations heading into this week showed projections of about 75,000 new jobs having been added in the United States in August. As it turns out, according to the new report from the Bureau of Labor Statistics, the totals fell short of those expectations. CNBC News reported:

Job creation sputtered in August, adding to recent signs of labor market weakening and likely keeping the Federal Reserve on track for a widely anticipated interest rate cut later this month. Nonfarm payrolls increased by just 22,000 for the month, while the unemployment rate rose to 4.3%, according to a Bureau of Labor Statistics report Friday.

While the data from August was ugly, just as important were the revisions from June and July, which were down a combined 21,000 jobs compared with earlier, preliminary reporting. This included a rare negative month: The revisions showed the economy lost 13,000 in June.......

But as MSNBC’s Ali Velshi summarized, “Turns out firing the ref doesn’t change the score.”

Over the first eight months of 2025, the latest data suggests the economy has added 598,000 jobs. That might sound like a decent number, but over the first eight months of 2024 — when Trump said the economy was terrible — the total was over 1.1 million jobs, and over the first eight months of 2023, the U.S. economy added more than 1.8 million jobs.

In fact, if we exclude 2020, when the pandemic wreaked havoc on the economy, the first eight months of this year show the slowest job growth in the U.S. since 2009, when the economy was still hemorrhaging jobs from the Great Recession.

When trying to boast about the economy, the White House routinely references what it calls the “Trump Effect.” The latest job data, coupled with sluggish growth and stubborn inflation, suggests this “effect” simply isn’t working.

Indeed, the question the president and his team ought to face is simple: “If Trump has created a ‘hot’ economy, why has American job growth slowed to a 16-year low?”