U.S. economy only adds 73,000 jobs in July 2025; Big downward revision (258,000 jobs!) for previous two months; Trump fires Commissioner of BLS

[Samori Toure]

Actually I did listen and read some articles.


Just to be clear we were never discussing if Trump is right or wrong. We are discussing wether or not the rate cut would take place.


I told you so is not a flex .. it’s a reminder




Now let’s move on to a difference discussion when you ready?

We were not discussing whether the rate cut would happen. We were discussing whether inflation or employment would be the guide for the Federal Reserve Bank to follow. Inflation is getting out of control, bue due to employment revisions they decided to cut the rates but Powell is still stating that inflation is the real problem because he knows that a rate cut is not likely to improve employment.

 

[Sir Richard Spirit]

stay out of debt! The interest rate cuts are coming

Inflation is increasing too much for them to make a cut right now, that is why they didn't do it a couple of days ago.

These revised numbers are going to blow all of that up. 14,000 jobs in June?

It won't matter, because inflation is what has them worried and it is trending too high. It all Trump’s fault anyway, because he has been cutting taxes and cooking the books and the Federal Reserve Chairman and nem are not going to bail him out because we will be looking at Argentina level of inflation if they did. Stagflation is a worry for the economists.

I will bet my account.. I will take a life time ban if you want. We are getting a rate cut. I believe one of the BIGGEST reasons Trump wanted to gut federal jobs was to force a cut. His economy will NEVER shift the direction he wants without the cuts.

We were not discussing whether the rate cut would happen.

All this started because I said stay out of debt.. the interest rate cuts are coming… great advice IMO

I tried to tell you Trump was hurting the economy on purpose to get the interest rates. You didn’t believe. I tried to tell you the revisions were going to call for a rate cut. You didn’t believe me.


You’re a coli accountant/econmic expert.


I’m just giving my opinion. But now your opinion sounds exactly like my opinion…



This was August 1

stay out of debt! The interest rate cuts are coming

It won't matter, because inflation is what has them worried and it is trending too high.

These revised numbers are going to blow all of that up. 14,000 jobs in June?

Here you are almost 2 months later,

due to employment revisions they decided to cut the rates

How did I know at that moment? Because I read. I have a pretty good understanding of the information I read.

I don’t know how you got it wrong. I think it’s because you hate Trump so much you are not even paying attention. I could be wrong? I’m fine with being wrong .


But I got this 100% correct. What else would you like me to predict?

 

[Samori Toure]

All this started because I said stay out of debt.. the interest rate cuts are coming… great advice IMO

I tried to tell you Trump was hurting the economy on purpose to get the interest rates. You didn’t believe. I tried to tell you the revisions were going to call for a rate cut. You didn’t believe me.


You’re a coli accountant/econmic expert.


I’m just giving my opinion. But now your opinion sounds exactly like my opinion…



This was August 1











Here you are almost 2 months later,








How did I know at that moment? Because I read. I have a pretty good understanding of the information I read.

I don’t know how you got it wrong. I think it’s because you hate Trump so much you are not even paying attention. I could be wrong? I’m fine with being wrong .


But I got this 100% correct. What else would you like me to predict?

You didn't know anything at that time because they didn't even have the June and July employment revisions. So stop making up bull, because if you would have known that then that means that the Federal Reserve Bank would have known it too.and they would have cut the rates back in July. You and Wall Street were hoping for a rate cut back then even though Powell was stating that employment was solid. Rate cut didn't become known until after the employment revisions, especially this latest one reducing job growth in 2024 by 911,000 jobs. The issue of inflation just got worse though.

 

[Sir Richard Spirit]

You didn't know anything at that time because they didn't even have the June and July employment revisions. So stop making up bull, because if you would have known that then that means that the Federal Reserve Bank would have known it too.and they would have cut the rates back in July.

The first post in this thread is the job numbers being revised all the way back to May. I don’t even know what you saying no more .

 

[Samori Toure]

The first post in this thread is the job numbers being revised all the way back to May. I don’t even know what you saying no more .

Do you hit the pipe?

Trump didn't fire the BLS Director until the first week in August after she revised the previous 2 months of labor statistics. Here I attached the article for yor perusal.

Trump fires Bureau of Labor Statistics commissioner after dismal employment report

President Donald Trump on Friday removed the head of the agency that produces the monthly jobs figures after a report showed hiring slowed in July and was much weaker in May and June than previously reported.

www.pbs.org

Trump Fires BLS Chief, Skips Causes of Weak Jobs Report | Council on Foreign Relations Trump Fires BLS Chief, Skips Causes of Weak Jobs Report

 

[Sir Richard Spirit]

Do you hit the pipe?

Trump didn't fire the BLS Director until the first week in August after she revised the previous 2 months of labor statistics. Here I attached the article for yor perusal.

Trump fires Bureau of Labor Statistics commissioner after dismal employment report

President Donald Trump on Friday removed the head of the agency that produces the monthly jobs figures after a report showed hiring slowed in July and was much weaker in May and June than previously reported.

www.pbs.org

Trump Fires BLS Chief, Skips Causes of Weak Jobs Report | Council on Foreign Relations Trump Fires BLS Chief, Skips Causes of Weak Jobs Report

Just as a reminder,


You just said I didn’t know anything because they didn’t have the revised number.


The first post in this thread was the revised numbers.


Do ya thang breh.



Oops! We ran into some problems.
You must change the reputation of 25 users before you can influence the reputation of the username Samori Toure again

 

[Samori Toure]

Just as a reminder,


You just said I didn’t know anything because they didn’t have the revised number.


The first post in this thread was the revised numbers.


Do ya thang breh.



Oops! We ran into some problems.
You must change the reputation of 25 users before you can influence the reputation of the username Samori Toure again

Since you are arguing to argue the below article is when it became clear that rates would be cut. Before that point the revised job stats by BLS at the beginning of August that got the Commisioner fired only lent itself to a possible rate cut, but it was not definite even then.

https://www.wsj.com/economy/jobs/us-job-growth-revision-a9777d98