This is a horrible jobs report
'Brutal' job report leaves experts reeling: 'Hard to overstate how bad' --- the tRUMP administration & the Republican party = Complete & UTTER FAILURE & they're all evil small little men who bent over for a dumb as a rock bully...
— ladyracer71.bsky.social (@ladyracer71.bsky.social) 2025-08-01T14:58:48.019Z
https://www.rawstory.com/brutal-job-report-leaves-experts-reeling-hard-to-overestimate-how-bad/
What really made the latest jobs report concerning, however, was the downward revision of previous months' gains, which the BLS described as "larger than normal." The number of jobs added in May was revised downward from 144,000 to 19,000, while the number of jobs added in June was revised downward from 147,000 to 14,000. Taken together, this means that the economy has added an average of just 35,000 jobs per month over the last three months.....
Market analyst Adam Crisafulli, the founder of Vital Knowledge Media, shared Long's view that the Federal Reserve would likely start cutting rates soon and he even believed that the Fed would have cut rates starting this week had it known about the weakness of the labor market.
"Hard to overstate how bad this jobs report was," he commented on X......
Jessica Fulton, a senior fellow at the Joint Center for Political and Economic Studies, argued that the slowdown in hiring, combined with the increased costs consumers are facing thanks to U.S. President Donald Trump's tariffs, are putting American workers in a very tight squeeze.
"The economy continues to show signs of weakening even as the White House pushes policies that will raise costs and make it harder for families to make ends meet," she said. "Labor market cracks that showed up for Black women earlier this year are beginning to expand, with Black male unemployment reaching 7% this month. Black workers are often laid off first when the economy slows down."
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