As job market slumps, Trump administration says it could take a year to see better economic data

[BumRushDaShow]

Source: Reuters

September 5, 2025 12:49 PM EDT Updated 3 hours ago


WASHINGTON, Sept 5 (Reuters) - The White House said it expects the Federal Reserve to weigh larger rate cuts this month after Friday's "disappointing" jobs report, while President Donald Trump and his administration said it could be a year before the U.S. sees rosier economic data.

"The main market expectation is 25 basis points. But I would guess that there would be an expectation, a discussion of a higher cut, but I wouldn't expect it to happen," White House National Economic Council Director Kevin Hassett told reporters at the White House after the Labor Department report showed weaker job growth in August and the unemployment rate rising to 4.3%.

Trump for months has been pushing the U.S. central bank to lower its benchmark rates, saying the cuts are needed to bolster his economic policies and fuel growth even as some critics have raised questions about threats to the Fed's independence. "Jerome 'Too Late' Powell should have lowered rates long ago. As usual, he’s 'Too Late!'" Trump posted on social media following the jobs data.

Friday's dim jobs data has raised some alarm bells and is seen likely to push Fed policymakers to seek to shore up the softening job market with at least a 25-basis-point rate cut when they meet September 16-17. "It's a little bit of a disappointing job number, but I pretty much expect it's going to revise up," Hassett told CNBC in a separate interview, citing the housing sector in particular.

Read more: https://www.reuters.com/world/us/job-market-slumps-trump-administration-says-it-could-take-year-see-better-2025-09-05/

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In a year, it'll be a full-blown recession.

REFERENCE - https://www.democraticunderground.com/10143524396

[CrispyQ]

1. He just bought himself a year with the cult. -nt

[walkingman]

10. Yep, Trump will fix it!! In the meantime, how about a Trump bible or meme coin.

[angryxyouth]

21. How to destroy an economy.101

He took a strong economy and in only 9 months gave us the worst job #s. Worst GDP, inflation in years, falling dollar, lower credit rattling. Devastated the the poor and working poor as far as health coverage and nutrition. Destroyed our institutions, education, science, CDC and basically anything else the United States excels in, while destroying are standing in the world. And nothing in the plus column to help the US. He is raising our national debt by at least lets say $8 trillion. What a stupid fuck.

[Ray Bruns]

2. I was waiting for the standard "two weeks" but I guess a year will work

To find out Trump was once again talking out of his ass.

[underpants]

27. Hold on. He went to "Two YEARS" just yesterday

So they’ve gone from Golden Age to “BLS didn’t get good reporting” to “one year” (those were yesterday morning) to two years yesterday afternoon.

Trump says it’s still Biden’s economy but we should see an upward trend in about two years.

I guess he forgot that he’s been telling us that we’re in the Golden Age.

Link to tweet

?s=46&t=3VBm1LJ8j8qLp6JTs_8J2A

[pecosbob]

3. 'yeah, cuz making this stuff up is really hard it turns out.'

[muriel_volestrangler]

11. Yeah, last month poor figures meant "fire the stats boss"; this month it's "our new loony economist is fine ...

... things might look bad for a year, but trust us, we can make it look good after that."

[unblock]

4. In fairness, it takes a long time to recover

from a perfectly fine economy.

[C_U_L8R]

5. Trump and his clown parade have an endless supply of excuses

He's such an incompetent halfwit. How did he fail upwards so high?

[underpants]

30. Their excuses evolved yesterday to....Two....YEARS

So they’ve gone from Golden Age theme to “BLS didn’t get good reporting” to “one year” (those were yesterday morning) to two years yesterday afternoon.

Trump says it’s still Biden’s economy but we should see an upward trend in about two years.

I guess he forgot that he’s been telling us that we’re in the Golden Age.

Link to tweet

?s=46&t=3VBm1LJ8j8qLp6JTs_8J2A

[badhair77]

6. What happened to Day 1?

[hamsterjill]

16. Yeah, I thought it was supposed to be so easy, right?

n/t

[BOSSHOG]

7. Wow, trump may soon need his Epstein shit sandwich

To distract from his economic shit sandwich. Gosh what went wrong?

[SamKnause]

8. Bullshit.

[Bernardo de La Paz]

14. Reuters is a reliable source. When they write "his administration said it could be a year", you can

... you can believe that the regime said that.

Reuters is not bullshit.

[SamKnause]

25. I never said Reuters is not a reliable source.

I was calling bullshit on Trump.

If he continues with his economic policies the economy is not going to get better.

[Bernardo de La Paz]

26. Okay. If you want to avoid misunderstandings, then write clearly. . . . . nt

[SamKnause]

28. A simple thanks for the clarification would have been enough.

Being rude accomplishes nothing.

[Bernardo de La Paz]

31. Thank you for clarification. Suggestion for improvement delivered evenly without rancour is not rudeness.

What IS rude is a bald unadorned "Bullshit". The reader is left wondering why the poster needed to be so emphatic calling the Original Post bullshit.

I charitably gave you the benefit of the doubt and took it down a level and presumed you were instead calling the source bullshit.

[SamKnause]

32. I hope you are not a teacher.

[Bengus81]

34. I had no problem figuring out what BULLSHIT meant in that post.....

[SamKnause]

35. Thank you.

I should have made my point clearer, but I thought the majority of people who post on this site would know what I meant.

[OrlandoDem2]

9. We are headed for a recession if we aren't already in one.

And with this one, inflation is gonna go up like a rocket once tariffs kick in - and it’s coming.

[Prairie Gates]

12. Ouch

What a miserable failure.

[Bernardo de La Paz]

13. We are entering stage 4 now. 1. It won't cost you. 2. It's costing a tiny bit for a little time. 3.

We are entering stage 4 of their con. Expect stage 4 to be the longest.

Here's how RepubliConners will play the con:

1. It won't cost you.

2. It's costing a tiny bit for a little time.

3. It's costing more but short time.

4. It costs a bunch and it will be a while but it's worth it. USA! USA! USA!

5. It's Obama's fault that the economy cratered.

https://www.democraticunderground.com/?com=view_post&forum=1014&pid=3510321

[cstanleytech]

15. They're snorting pure cocaine if they think their actions will help the economy.

[progree]

17. Wiz Imp takes down some more Admin (Labor Secretary) excuses and calls out the lies

https://www.democraticunderground.com/10143524396#post27

Oh, as far as fed rate cut expectations, before today's report it was 97% expectation of a quarter point or more cut on their Sept 17 meeting.

After the report: 100% of which 10.2% are expected a HALF point cut. (just now: 11.0%)
https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html

Before now and then, there is the producer price index report, the CPI, consumer sentiment, and retail sales reports coming out that will give the Fed some more to chew on.

[republianmushroom]

18. But it will only take a month to see worst economic data.

[kimbutgar]

19. The data a year from now will be worst !

Last edited Sat Sep 6, 2025, 01:23 AM - Edit history (1)

and we'll be in a great depression.

The orange pedo felon bankrupts all his businesses and will do the same for our country. Sadly

[tclambert]

20. Recesssion? Who's going to gather the data?

If it's Trump flunkies, why bother with the whole annoying gathering data part? Just make up flattering numbers!

This is the new economics.

[amcgrath]

22. So the effects of his presidency

have been pushed back from day one to twenty two months?

[Mysterian]

23. LMAO

"Happy Days Are Here Again!"

[bmichaelh]

24. So much incompetence

This is a pattern of behavior with Trump.

How many banks did he tell that phrase "better in a year" before he went bankrupt.

Once an idea gets into his head, no amount of data or reasoning will change it.

For example, in the 1980s, he and other USFL owners thought they could force a merger between USFL and NFL by moving their schedule to the fall.

It did not work like he said back then either.

Unfortunately, many people, some who did not vote for him will suffer.

What is supposed to happen in a year:?

Many things could change in a year.

We could have a healthcare crisis in a year due to RFK Jr's incompetence.

Has there ever been an administration showing so much incompetence in multiple departments.

[C_U_L8R]

29. A lifetime of kicking the can down the road

And the world still puts up with his bullshit. Come on !!!

[Bengus81]

33. I'm surprised Con Job Don didn't say 14 months, just in time to vote in the mid-terms

[sakabatou]

36. Translation: Recession on the horizon.

[Old Testament Libera]

37. Or it could take 3 1/2 years...

Or it could be only next month if Trump's new appointee gets right on manufacturing the better data.

That is one way to bring back manufacturing!

[Griefbird]

38. What happened to two weeks?

Isn't that his usual can kick?

[senseandsensibility]

39. Dems need to use this statement to ridicule him

Despite some recent developments, they are slow learners at the ridicule game. And there's so much to work with!!