A few days ago the ‘experts’ where saying the US Economy was doing ‘Good’ ……..
Bull Shit….
As anyone could told you….
The US Econmy is NOT doing ‘Good’ at ALL….
Trump IS working HARD make sure things get worse….
Consumer prices KEEP rising….
They WILL KEEP doing so because Donald Trump IS pushing (Tariff/Import) TAXES Higher
Also….
Trump and Co. have stopped student loan relief…..
Trump and Co. , along with Congress are about to raise Health Care COST’S….
Trump and Co. ARE working HARD to scare and get rid of cheap foreign labor in America by migrants ….
In doing THAT?
They are ALSO cutting back services and cutting back consumer oructs which WSILL RAISE those prices…
ALL of things people KNOW and SENSE….
Don’t matter what the ‘experts’ are trying to sell the American public to keep Donald Happy….
Oh?
By the Way?
One Donald J. Trump IS getting RICHER while he and his minions Fuck ev erfything up whbile we stand on side watching this happen in real time…..
New cracks emerged in the U.S. economy on Friday after the government reported a significant slowdown in job growth, a sign of the serious and accelerating effects of President Trump’s punishing new tariffs. Financial markets were rattled as investors grappled with the implications — stocks fell and the dollar dropped against other major currencies.
U.S. employers added 73,000 jobs in July, less than economists expected, and the unemployment rate rose slightly. The report on Friday also significantly revised down the data on hiring from May and June by a combined 258,000 jobs, suggesting the labor market was under greater strain than initially believed. That moved the bond market in particular, with U.S. Treasury yields falling sharply as investors anticipated that the Federal Reserve could be more willing to cut interest rates.
The jobs data offered only the latest indication that Mr. Trump’s policies, particularly his expanding global trade war, had started to put the squeeze on the economy. Tariffs are taxes on imports, paid by U.S. companies purchasing those goods abroad. Other economic data released this week offered fresh evidence that Mr. Trump’s duties had slowed trade and started to send prices higher.
The developments created new complications for the Fed. The central bank opted to hold interest rates steady earlier this week in an attempt to keep prices from soaring, even as some called on the Fed to lower borrowing costs to ease strain in the labor market. In his first comments after the release of the jobs report, Mr. Trump renewed his attacks on the Fed and its chair, Jerome H. Powell, calling him a “disaster” and demanding he lower rates.
Adding to its challenges, the president late Thursday announced a dramatic widening of his trade war, slapping major new tariffs on dozens of countries that take effect on Aug. 7…..
The Trump Labor Dept. messed up it’s May and June employment numbers, creating a false sense of the job market…
The biggest change in this report is that the Labor Department said it had significantly overestimated job gains in May and June. Job creation in those months was revised lower by a combined 258,000 jobs — bringing June job creation down to 14,000 and May to 19,000, both very low levels. The revisions are the largest fixes to hiring data, aside from during the pandemic, since the 1970s.
For months, the Federal Reserve has put off cutting interest rates, citing a solid labor market in spite of tariffs, stubborn inflation and federal government cuts. On Wednesday, Fed Chair Jerome H. Powell told reporters that “solid” job gains gave the central bank ammunition to hold off on rate cuts. However, the revised data shows that underlying weakness in the labor market have been growing.
“Not only was this a much weaker than forecast payrolls number, the monster downward revisions to the past two months inflicts a major blow to the picture of labor market robustness,” said Seema Shah, chief global strategist at Principal Asset Management in an analyst’s note. “What’s more concerning is that with negative impact of tariffs only just starting to be felt, the coming months are likely to see even clearer evidence of a labor market slowdown.”
Wall Street taking the news HARD….
Stocks are plummeting after a disappointing jobs report that found the U.S. economy added only 73,000 jobs in July.
Worse, the report revised down figures for June and May, estimating the economy only added 33,000 jobs in those two months combined.
The Dow Jones Industrial Average was down 1.31 percent as of 11 a.m. EDT, nearly 600 points.
The tech-heavy NASDAQ index was down 2.1 percent, or 444 points.
And the S&P 500, a broader stock index, was down 1.6 percent.
The bad jobs report and falling stock markets also take place against the backdrop of new tariffs announced by President Trump….
More…
He just fired the person in charge of reporting the job numbers. Problem solved. MAGA is fine with it and they believe the economy is booming and that Trump never had anything to do with Epstein.
So, how exactly is he losing?
Now, Winsome Earle-Sears, the Republican nominee for Governor of Virginia is someone who is losing. Check out her meltdown today with Manu Raju on CNN.
Low job growth is a reason (ever since made explicit in the Humphrey-Hawkins Act of the 1970’s) to LOWER interest rates.
So of course (being Trump) he moves to shoot the messenger of helpful news that makes his boasts of beating Bidenomics’ stagnation more plausible.
Correction:
So of course (being Trump) he moves to shoot the messenger of helpful news that makes his boasts of beating Bidenomics’ stagnation LESS plausible.
Job Growth Under Trump Lags Far Behind Biden’s
President Trump built his political brand on being a master businessman — even though it was mostly on a reality television show.
But his first six months back in office have produced fewer than half the new jobs that Joe Biden oversaw in his final six months.