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Tit for Tat Tariffs - The US versus the World
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DaisyDay
I Did Nothing Wrong!! ~~Team Deep State
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The Bureau of Labor Statistics is quoting the Dow Jones Industrial Index on job numbers?
There's no source attribution but it looks like AI.
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Hans Blaster
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The Bureau of Labor Statistics is quoting the Dow Jones Industrial Index on job numbers?
There's no source attribution but it looks like AI.
Dow Jones is a economics media company (the one that created the DJIA). I believe they are owned by the WSJ, but I didn't check. Companies like that often make estimates on economic numbers, but I don't know why they are using "DJ" numbers rather than "BOL" numbers for estimates.
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BPPLEE
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According to the Bureau of Labor Statistics (BLS) data, here's a summary of the April 2025 jobs numbers:
- Total Nonfarm Payroll Employment: Increased by 177,000 in April 2025. This was roughly in line with the average monthly gain of 152,000 over the prior 12 months. Note that earlier estimates for February and March 2025 were revised down by a combined 58,000 jobs.
- Unemployment Rate: Remained unchanged at 4.2 percent in April and has been in a narrow range of 4.0 percent to 4.2 percent since May 2024.
- Number of Unemployed People: Changed little in April, at 7.2 million.
- Job Openings (JOLTS report):Increased unexpectedly to 7.4 million in April. This was an increase of 191,000 from March and higher than the 7.1 million consensus forecast by economists.
- Hiring: Increased by 169,000 to 5.6 million in April.
- Total Separations: Increased to 5.3 million in April.
- Layoffs and Discharges:Increased by 196,000 to 1.79 million in April.
- Quits: Decreased by 150,000 to 3.2 million in April.
- Long-term Unemployed: 1.7 million people had been unemployed 27 weeks or more in April, an increase of 179,000 from the previous month.
- Average Hourly Earnings: Rose by $0.15 (0.4%) in April, reaching $36.24.
- Health care
- Transportation and warehousing
- Financial activities
- Social assistance
- Federal government employment declined.
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- Oct 17, 2011
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We're going around in circles now.
May’s Job Report Comes in Stronger Than Expected With 139K Gain
Forecasts had varied in advance but ranged from around 100,000 to 125,000 jobs expected. In April, employers added a downwardly revised 147,000 jobs.
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BPPLEE
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A lot of Biden's numbers were government jobs whereas government jobs have declined under Trump.
Also jobs went to native born Americans as opposed to immigrants (or so they claim)
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- Oct 17, 2011
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Baloney.
AI: In 2020, the U.S. federal government employed approximately 2.9 millionpeople.
[Currently] The U.S. federal government employs roughly 3 million people.
So Biden maybe added 100,000 jobs over 48 months. Or about 2,000 a month
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BPPLEE
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Under President Joe Biden, the federal civilian workforce grew by approximately 130,000 employees, from about 2.89 million in January 2021 to 3.02 million by January 2025, a 4.8% increase. Focusing on the executive branch (excluding postal workers, congressional staffers, and intelligence agencies), the workforce increased by about 120,000 employees, or 5.5%, from 2.17 million to 2.29 million. This growth was the largest single-term increase since the 1980s, driven by hiring initiatives at agencies like the Internal Revenue Service, Veterans Affairs, and the Environmental Protection Agency, often tied to legislation like the Inflation Reduction Act and Infrastructure Investment and Jobs Act
SOURCE GROK
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- Oct 17, 2011
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Right, so we're still talking about a 1%-2% boost to the jobs numbers. That's within the error bars, I expect.
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- Oct 17, 2011
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We are talking about the monthly jobs numbers.
AI: Employment rose by 2.2 million in 2024 (an average monthly gain of 186,000)
So if Biden added 2,000 or 2,500 government jobs per month, that's just over 1% of the monthly added jobs. Insignificant, unlike your claim that 'A lot of Biden's numbers were government jobs'
No, barely 1% of Biden's numbers were government jobs.
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BPPLEE
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But how many were people returning to work after they had been laid off during the pandemic?
Grok:
Under President Biden, from January 2021 to June 2024, the U.S. economy added approximately 15.7 million jobs, according to Bureau of Labor Statistics (BLS) data. A significant portion of these jobs—about 72%, or roughly 11.3 million—were recoveries from pandemic-related layoffs, as the economy rebounded from the COVID-19 shutdowns. This leaves around 4.4 million net new jobs created above pre-pandemic levels (February 2020). These figures align with analyses from sources like the House Budget Committee and posts on X, which estimate that 70-72% of job gains were recoveries rather than new creations
So Biden's numbers are inflated.
Last edited:
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Say it aint so
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Just a reminder.
We are at day 60 in the "90 deals in 90 days" proclamation.
Yet, there has not been one actual trade deal accomplished.
Not even with the island of Penguins.
Apparently like China they too are reluctant to answer the phone without assurance of a Trump deescalation.
Big trade deals are easy to win --Trump
We are at day 60 in the "90 deals in 90 days" proclamation.
Yet, there has not been one actual trade deal accomplished.
Not even with the island of Penguins.
Apparently like China they too are reluctant to answer the phone without assurance of a Trump deescalation.
Big trade deals are easy to win --Trump
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- Oct 17, 2011
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That's why I used 2024 as the comparison, because otherwise Biden would beat the pants off Donald.
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- Oct 17, 2011
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Cleveland Fed: Tariffs are raising some prices in Ohio, Pennsylvania, West Virginia, and Kentucky
The Cleveland Fed represents the Federal Reserve System’s Fourth District — a region that covers all of Ohio and parts of Pennsylvania, Kentucky and West Virginia. Eight times a year, it conducts interviews and online questionnaires with businesses, community organizations, economists and other sources.The Beige Book report released last week said those sources “continued to suggest flat business activity in the Fourth District in recent weeks, and they expected activity to remain flat in the months ahead. Retailers noted a pullback in consumer spending, and manufacturers said that ongoing economic and trade policy uncertainty continued to dampen demand for their goods."
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Tariffs return to April rates on August 1 without deals, Bessent says
Fortunately, Donald has made 200 deals.- Trump and Commerce Secretary Howard Lutnick confirmed Sunday night that tariff letters were imminent, but actual rate changes would follow a few weeks behind.
- Trump has said he preferred those letters to negotiations, after a three-month pause on his most sweeping tariffs netted three deals, rather than the 90 his administration promised.
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7thKeeper
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I thought it was zero deals. The UK one literally says it's not a deal nor legally binding on the paper itself, the China was one was just "let's drop the tariffs down from what we've raised them to as a precondition to start talking" and.. well I have to admit I don't remember what the last one is. So 0-1 deals?
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