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In reply to the discussion: U.S. added just 73,000 jobs in July and numbers for prior months were revised much lower [View all]
underpants
(194,617 posts)29. I was thinking about this this morning. Cuts in Medicare, ACA, and food programs
that allowed the poor to pay other bills will have ripple effects everywhere.
To say these ideas were drawn up with no cohesion or consideration of ramifications (let alone that many undercut other measures) is an understatement.
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U.S. added just 73,000 jobs in July and numbers for prior months were revised much lower [View all]
BumRushDaShow
Aug 2025
OP
The updated article noted the reported "147,000" job increase last month was revised down and was actually "19,000"
BumRushDaShow
Aug 2025
#3
tRump and WH do not "put out" the BLS numbers. Revisions have been frequent for decades. . . . nt
Bernardo de La Paz
Aug 2025
#44
You do know that tRUMP is going to drive out the neutral bean counters at the BLS?
wolfie001
Aug 2025
#78
He's going to try (viz. firing chief of BLS today, after I wrote). We haven't seen the business world react yet. . . nt
Bernardo de La Paz
Aug 2025
#79
You're always measured in your responses and very intelligent and level-headed
wolfie001
Aug 2025
#80
Thank you for your kind words. Mass action is in our hands. I too am hoping for a Blue Storm Surge 2026. . . nt
Bernardo de La Paz
Aug 2025
#81
No, we don't need so-and-so numbers to keep up with population growth because we don't know population growth.
mathematic
Aug 2025
#14
It is true that nearly 1 in 5 workers in the US labor force is foreign born. The irony with the immigration wedge
PatrickforB
Aug 2025
#28
The US does need population growth for a while to deal with and care for the retiring boomer cohort
Bernardo de La Paz
Aug 2025
#45
No "just" about it. BLS is professional and no toadies parachuted in. You have NO evidence. . . . nt
Bernardo de La Paz
Aug 2025
#46
I was thinking about this this morning. Cuts in Medicare, ACA, and food programs
underpants
Aug 2025
#29
The massive cuts to Medicaid now will drastically degrade the level of care for Medicare as a secondary effect.
Hugin
Aug 2025
#36
Those cuts only kick in after the 2026 midterms, by craven design of the magabots in Congress who think they are smart.n
Bernardo de La Paz
Aug 2025
#47
I wonder where are all the college and high school jobs that always occurred during the summer?
LiberalArkie
Aug 2025
#56
Correct. There's over 150,000 Federal workers who took the deferred resignation option.
Wiz Imp
Aug 2025
#8
We are now seeing definite signs of stagflation, as feared. . . . . nt
Bernardo de La Paz
Aug 2025
#9
This right here is bad bad as I understand it. The worst type of economic downturn
Cheezoholic
Aug 2025
#23
Stagflation comes from supply shocks. Tariff taxes are a supply shock. Labour deportations are a supply shock.
Bernardo de La Paz
Aug 2025
#25
"above the June total of 14,000" - they neglect to say that that was revised down from 147,000
Prairie Gates
Aug 2025
#10
Powell said on wednesday that lowered immigration was resulting in lower workforce size (growth)
mathematic
Aug 2025
#11
No, not really. 2021 had nearly all positive revisions. 22, 23, 24 had more negative revisions than positive
mathematic
Aug 2025
#39
Monthly revisions are almost always fairly modest. When the revisions become significant, it usually
Wiz Imp
Aug 2025
#43
You can't really tell that by the chart since it doesn't track monthly revisions.
Wiz Imp
Aug 2025
#64
Wisdom of the Ancients: If circles and arrows have to be drawn on a chart for you to find...
Hugin
Aug 2025
#21
Trump's tariffs, anti-immigration agenda and disrespect to other nations will break the American economy.
Doodley
Aug 2025
#31
Ughh, look at the headlines at finance.yahoo.com. And S&P 500 down 1.6% 1136 AM ET
progree
Aug 2025
#50
Maddow Blog-U.S. job growth turns cold as Trump's agenda takes its toll on the economy
LetMyPeopleVote
Aug 2025
#51
ADP is only counting "private sector" jobs (using their payroll subscribers as the survey source)
BumRushDaShow
Aug 2025
#61
'Brutal' job report leaves experts reeling: 'Hard to overstate how bad'
LetMyPeopleVote
Aug 2025
#53
President Trump says he will fire BLS commissioner after July jobs report disappoints
progree
Aug 2025
#63
Yeah, I figured. As soon as I saw my yellow "My Posts" light lit up, I immediately thought, ruh roh,
progree
Aug 2025
#68
Not only do they do these "First Friday" job numbers, they do CPI and PPI (wholesale) inflation, Productivity,
progree
Aug 2025
#71
"Kugler resignated posted about 15 minutes before your post" - yeah I figured that, but thought
progree
Aug 2025
#74
Thanks :) Yes, I run into that all the time, and do the same thing usually -- stick in a space
progree
Aug 2025
#85
I wish they'd give us a choice about using AI, but no, every time I do a Google search
progree
Aug 2025
#89
Yes, it would be nice not to have AI fill up half the first page. Mostly what I'm trying to do is prevent the AI search
progree
Aug 2025
#96
Checking against private sources sounds smart, but warning: they normally vary a great deal from the BLS numbers
progree
Aug 2025
#97
The black unemployment rate (7.2%) is the worst since the pandemic-era October 2021
progree
Aug 2025
#98