AFTER GROWING THE ECONOMY 3% BLS NOW REVISES JOB NUMBERS DOWN -911,000

[Sir Richard Spirit]

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 revisions were more than 50% higher than last year’s adjustment and the largest on record going back to 2002. On a monthly basis, they suggest average job growth of 76,000 less than initially reported.

https://www.cnbc.com/2025/09/09/jobs-report-revisions-september-2025-.html

interest rate cuts for the next 10 years

 

[Samori Toure]

Trump picks E.J. Antoni as new Bureau of Labor Statistics head after firing old commissioner amid weak jobs report - CBS News Trump picks E.J. Antoni as new Bureau of Labor Statistics head after firing old commissioner amid weak jobs report

 

[Sir Richard Spirit]

Trump picks E.J. Antoni as new Bureau of Labor Statistics head after firing old commissioner amid weak jobs report - CBS News Trump picks E.J. Antoni as new Bureau of Labor Statistics head after firing old commissioner amid weak jobs report

Still predicting stagflation?

 

[Samori Toure]

Still predicting stagflation?

Yes. Stagflation is high inflation at the same time as no economic growth and high unemployment.

That is where we are now and inflation will only get worse once the rates are cut, because there will be more borrowing and more spending.

 

[Sir Richard Spirit]

Yes. Stagflation is high inflation at the same time as no economic growth and high unemployment.

That is where we are now and inflation will only get worse once the rates are cut, because there will be more borrowing and more spending.

I’m gone

 

[JT-Money]

https://www.cnbc.com/2025/09/09/jobs-report-revisions-september-2025-.html

interest rate cuts for the next 10 years

I'm ready to start spending these stock proceeds. Broke boy gang gonna be hating hard!

 

[sayyestothis]

Never fight the fed breh. Time to cash innnnn

 

[Sir Richard Spirit]

I'm ready to start spending these stock proceeds. Broke boy gang gonna be hating hard!

O we ready.. this is how them crypto dudes must have felt during Covid telling everyone to buy random coins for quick cash.


It’s our time

 

[Koichos]

 

[RageKage]

interest rate cuts for the next 10 years

What u are looking at now is stagflation, horrible employment combined with rising prices



During the 1970s stagflation, the Federal Reserve responded to persistent inflation by raising interest rates, which peaked around 1980-1981, with the federal funds rate reaching nearly 21%. These high rates, driven by policies to combat inflation and a shift away from the gold standard, contributed to the economic instability of the era, leading to soaring inflation and high unemployment that defined the period.

High Inflation and Mortgage Rates

• High Inflation:
  The 1970s experienced some of the highest inflation rates in modern U.S. history, with the cost of living rising dramatically.
  
  
• Soaring Mortgage Rates:
  This high inflation was mirrored in mortgage interest rates, which rose significantly and were a major component of the overall CPI, reaching nearly 20% by the early 1980s.
  

Federal Reserve's Response

• Monetary Policy Tightening:
  The Fed, under Paul Volcker, implemented a vice-like tightening of monetary policy in the late 1970s and early 1980s.

 

[RageKage]

Nobody here can predict future but we have seen these trends before and it wasn't good

 

[Sir Richard Spirit]

You too can get in on this eating

What u are looking at now is stagflation, horrible employment combined with rising prices



During the 1970s stagflation, the Federal Reserve responded to persistent inflation by raising interest rates, which peaked around 1980-1981, with the federal funds rate reaching nearly 21%. These high rates, driven by policies to combat inflation and a shift away from the gold standard, contributed to the economic instability of the era, leading to soaring inflation and high unemployment that defined the period.

High Inflation and Mortgage Rates

• High Inflation:
  The 1970s experienced some of the highest inflation rates in modern U.S. history, with the cost of living rising dramatically.
  
  
• Soaring Mortgage Rates:
  This high inflation was mirrored in mortgage interest rates, which rose significantly and were a major component of the overall CPI, reaching nearly 20% by the early 1980s.

Federal Reserve's Response

• Monetary Policy Tightening:
  The Fed, under Paul Volcker, implemented a vice-like tightening of monetary policy in the late 1970s and early 1980s.

 

[RageKage]

You too can get in on this eating

I did, during covid, refinanced my house at 3.25.

I am never leaving here

 

[Sir Richard Spirit]

I did, during covid, refinanced my house at 3.25.

I am never leaving here

Great news. Everyone is winning

 

[Samori Toure]

Nobody here can predict future but we have seen these trends before and it wasn't good

Modern people will have to live the experience, because they are not going to believe shyt until they live it. It is just like modern people having to live through MAGA, because they didn't see a problem with the Confederacy, the NAZIS or Facism in general. Ask Hispanics if they understand that shyt now.

In any event things might go way past stagflation. This Country is sitting on top of a massive debt bubble and the retarded President is trying to collapse the Central Bank so that he can control the money flow. That will be catastrophic.