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Firing the messenger did nothing. BLS jobs report revises June to be the first *loss* of jobs since 2020. August added 22,000. Unemployment ticks up

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essentialsaltes

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Hiring slowdown continues in 1st jobs report since Trump fired commissioner​

The U.S. added 22,000 jobs in August, according to data from the U.S. Bureau of Labor Statistics. That figure showed a sharp decrease from 79,000 jobs added in the previous month. The unemployment rate ticked up to 4.3%, but it remained at a historically low level. The unemployment rate ticked up to 4.3%, but it remained at a historically low level.

The U.S. added an average of about 28,000 jobs over three months ending in July, which marked a major cooldown from the roughly 196,000 jobs added on average over the previous three-month period, U.S. Bureau of Labor Statistics (BLS) data showed.

The jobs report on Friday included a downward revision for the month of June, saying the U.S. labor market had lost 13,000 jobs that month, much lower than a previous estimate of 14,000 jobs added. It marked the first monthly job loss since December 2020.
 
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Richard T

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No worries, Trump's new head of the BLS (Bureau of Labor Statistics is looking to just release data quarterly. The problem seems to stem from businesses that will do not return their surveys. Here is some basics for anyone interested.

From google's AI overview.
"the Current Population Survey (CPS), a household survey that measures unemployment and labor force characteristics, and the Establishment Survey, which collects payroll data from approximately 121,000 businesses and government agencies to measure nonfarm payroll employment. These surveys, conducted monthly, collect data that are then used to produce preliminary estimates, which are later benchmarked against comprehensive data from state unemployment insurance records and revised for greater accuracy."

The process that they follow is completely outlined and the protocol does not change unless their experts can identify a needed change that can make it more accurate. Trump's new head is seeking to only release the jobs data every quarter rather than have estimates a month later. This will make it more accurate, because the longer you wait, I assume gives the state data time to be reported checked and help figure out the actual numbers.

Here is an article about Trump's head of the BLS. Who is E.J. Antoni, Trump's pick to lead the BLS?
A Ph.D. economist, who has worked in conservative think tanks.

It is noteworthy that Trump reduced the BLS labor force in his cutbacks. Allegedly it did not effect those that collect the jobs data, but there now will be less collection of the inflation index (CPI) data. Yikes that is scary because the CPI adjust the annual costs of living adjustments for seniors, taxes, the poverty level etc.

Overall, the jobs numbers were somewhat dismal. If inflation is higher and the economy contracts, then stagflation is the result.
 
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Richard T said:
Overall, the jobs numbers were somewhat dismal. If inflation is higher and the economy contracts, then stagflation is the result.
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Not seen since Jimmy Carter's time in office.
 
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From the "Triumph of Bidenomics" files:

Friday's Jobs Report Created A Presidential Record—For Joe Biden​

Joe Biden [is] the only commander in chief who never presided over a month of job losses.

Biden's record comes with a major asterisk, since he only served one term as president. Biden's predecessor, Barack Obama, did have job losses in his first term during the Great Recession. However, the economy under Obama did add jobs throughout his second term as the economy recovered.
 
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The labor market created far fewer jobs than previously thought, according to a Labor Department report Tuesday that added to concerns both about the health of the economy and the state of data collection.

Annual revisions to nonfarm payrolls data for the year prior to March 2025 showed a drop of 911,000 from the initial estimates, according to a preliminary report from the Bureau of Labor Statistics. The total revision was on the high end of Wall Street expectations, which ranged from a low around 600,000 to as many as a million.​

The last time I can remember a Republican president inheriting a problem rather than inheriting a boon and leaving a problem was Al Qaeda in 2001. What do we thing the odds are that Trump will respond to this impending recession better than W did to Al Qaeda?
 
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essentialsaltes said:

Hiring slowdown continues in 1st jobs report since Trump fired commissioner​

The U.S. added 22,000 jobs in August, according to data from the U.S. Bureau of Labor Statistics. That figure showed a sharp decrease from 79,000 jobs added in the previous month. The unemployment rate ticked up to 4.3%, but it remained at a historically low level. The unemployment rate ticked up to 4.3%, but it remained at a historically low level.

The U.S. added an average of about 28,000 jobs over three months ending in July, which marked a major cooldown from the roughly 196,000 jobs added on average over the previous three-month period, U.S. Bureau of Labor Statistics (BLS) data showed.

The jobs report on Friday included a downward revision for the month of June, saying the U.S. labor market had lost 13,000 jobs that month, much lower than a previous estimate of 14,000 jobs added. It marked the first monthly job loss since December 2020.
Click to expand...

 
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DaisyDay said:
Not seen since Jimmy Carter's time in office.
Click to expand...
In 1930, the total U.S. household wealth was $748 billion; today, it has grown to $169 trillion. This massive growth is due to decades of economic policies by both Democrats and Republicans—lower tariffs, open trade, and welcoming immigrants. President Trump reversed last 90 years economy policy implemented policy which brought the great depression. . While a major depression or recession like in 2008 seems unlikely, an economic downturn appears inevitable.
 
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fortune.com

Inflation shoots higher as Trump tariffs ripple through economy | Fortune

Consumer prices rose 2.9% in August from a year earlier, up from 2.7% the previous month and the biggest increase since January.
fortune.com fortune.com


Consumer prices rose 2.9% in August from a year earlier, the Labor Department said Tuesday, up from 2.7% the previous month and the biggest increase since January. Excluding the volatile food and energy categories, core prices rose 3.1%, the same as in July. Both figures are above the Federal Reserve’s 2% target.

The reading is the last data the Fed will receive before its key meeting next week, when policymakers are widely expected to cut their short-term rate to about 4.1% from 4.3%. Still, the figures underscore the challenges the Fed is facing as it experiences relentless pressure from President Donald Trump to cut rates.
​

apnews.com

Rising inflation and a deteriorating job market puts the Fed and Americans in a difficult spot

Inflation rose last month as the price of gas, groceries, and airfares jumped, while a measure of layoffs also increased, putting the Federal Reserve in a tough spot as it prepares to cut rates at its meeting next week despite persistent price pressures.
apnews.com apnews.com

A separate government report Thursday showed that weekly applications for unemployment aid jumped 27,000 to 263,000, the highest in nearly four years. Requests for jobless benefits are a proxy for layoffs. Recent reports have also showed that hiring has weakened dramatically this year and was lower than previously estimated last year.

The data raises the specter of “stagflation,” a trend that last bedeviled the U.S. economy in the 1970s. The term refers to a period of slower growth, higher unemployment along with rising inflation. It is unusual because a weak economy typically keeps inflation in check.
​

The bad economic news continues.
 
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essentialsaltes said:

BLS silent on reasons for postponing new jobs report after 'brutal' August numbers​


The Bureau of Labor Statistics announced Friday that the next jobs report will be delayed without providing a reason beyond stating it will be "rescheduled to a later date."

According to a report from Axios, the announcement went out late on Friday, and inquiries to the BLS, as well as the Department of Labor, went unanswered.
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“Oh who really cares about some government statistics (or other), we have bigger fish to fry!”—TheSpin©
 
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"Colleen Hefflin, an expert on food insecurity, nutrition, and welfare policy at Syracuse University, told the Wall Street Journal reporters: “Not having this measure for 2025 is particularly troubling given the current rise in inflation and deterioration of labor market conditions, two conditions known to increase food insecurity.” Whitney Curry Wimbish of The American Prospect reported last week that food banks across the country are seeing more visits even as immigrants are staying away from them out of concern that their information might be shared or that Immigration and Customs Enforcement might show up.

Nutrition scholar Lindsey Smith Taillie of the University of North Carolina Gillings School of Global Public Health told the reporters: “I think the only reason why you wouldn’t measure it is if you were planning to cut food assistance, because it basically allows you to pretend like we don’t have this food insecurity problem.” The budget reconciliation law the Republicans passed in July cuts funding to the Supplemental Nutrition Assistance Program (SNAP) by about 20%, or $186 billion through 2034, the largest cuts to SNAP in its history."

open.substack.com

September 21, 2025

On Friday the Bureau of Labor Statistics postponed the release of the annual report on consumer expenditures—a key report for understanding inflation—without explanation.
open.substack.com open.substack.com
 
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Shutdown would halt jobs report, key economic data amid recession fears​

The federal government will stop producing key economic data if government funding elapses Wednesday, depriving policymakers and investors of crucial information amid deep concerns about the job market.

That would prevent the BLS from releasing the highly anticipated September jobs report on Friday as scheduled, and it could delay the agency’s collection of other key economic data. The BLS also produces consumer price index (CPI) data on inflation and wages — both of which are closely watched by policymakers and investors.
 
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essentialsaltes said:
From the "Triumph of Bidenomics" files:

Friday's Jobs Report Created A Presidential Record—For Joe Biden​

Joe Biden [is] the only commander in chief who never presided over a month of job losses.

Biden's record comes with a major asterisk, since he only served one term as president. Biden's predecessor, Barack Obama, did have job losses in his first term during the Great Recession. However, the economy under Obama did add jobs throughout his second term as the economy recovered.
Click to expand...
Hard to add jobs when you are shipping out many workers. it is not just illegals either. Many the H1B visa holders are going other nations who are welcoming them with the 100k fee. I think the demographics are against this Trump term. Boomers still retiring in droves and not enough to fill in their gap.
 
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