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

[Mystic]

America wins again

 

[the bossman]

When Powell leaves next May all hell gonna break loose.

Things are already trending downward but to me that is when shyt really hits point of no return. Trump will definitely put in some idiot who will rapidly cut straight to zero

 

[Samori Toure]

OK so going forward, we can no longer trust the job report, cuz clearly he's full of shyt. this dude is COMPLETE

Under Trump you can't trust any government report. Remember the crap that he pulled during Covid when he said if you don't do the tests then they won't know? .

 

[Sir Richard Spirit]

Powell doesn't gaf what Trump wants so long as he's still the chair. Dude got crucified for the high inflation after COVID. He's not making any moves to appease someone for the short term. Trump's idiot tariffs are going to have him holding out on any cuts

We getting at least 2 cuts this year.

 

[jmegamar]

This is one of the most blatant and wildest things he has done in either term. This is some unhinged shyt. Wow.

It’s one of those things that people will forget about by next week because some other crazy ass thing will happen but this will have long reaching effects.

 

[Youhadasparkwhenustarted]

America is a cooked nation.

 

[Samori Toure]

Trump is killing Ford and GM.

General Motors' Q2 profits drop $1.1B after taking tariff hit

General Motors said July 22 that tariffs could eventually cost the company $5 billion before the end of the year.

www.freep.com

https://finance.yahoo.com/news/ford-reports-q2-earnings-beat-but-takes-800m-tariff-hit-200716165.html

 

[FAH1223]

 

[Samori Toure]

The BLS is also responsible for providing inflation data which the Federal Reserve uses to decide upon rate cuts.

 

[bnew]

wasn't he claiming her jobs numbers as his last year?

 

[Scustin Bieburr]

"Ima vote for Trump cause he good with money! He's gonna make america great again!"

They fell for it again.

 

[Uitomy]

To be fair, it's not like they could've anticipated social media and how dumb/reactionary/bigoted it makes people.

IMO it's the root cause of a lot of dysfunction in society. At this point I'm convinced the human brain isn't equipped to deal with it I think most people old enough to remember the world pre-social media would agree, it wasn't really like this in the 2000s. There were always stupid/racist people but the Internet just makes it too easy for them to congregate and spread their BS.

Consider this breh, quite literally the past 20 or so years, has been the only time in human history where we commit the act of holding our phones in our faces (basically a near unnatural constant position) and have screens in our faces all day

 

[Diondon]

This is going to be epic

 

[Gritsngravy]

I’m saying it again for all the non-votes and contrarians: if you spent time saying how bad Biden’s economy was, I present you with the economy you seemingly wished for.

We just had layoffs at my job in our tightening up for austerity. Voting matters, but we won’t have to worry about that since we’ve now got an authoritarian slowly working his way through the system. The media is giving up on pushing back. Some people will say “we can’t vote our way out of of this” and they are right. You can’t vote your way out of being stupid and complicit with what could be the fall of the very country we live in.

In 2024 the BLS revised the number of jobs added to the economy in the year ending March 2024, resulting in 818,000 fewer jobs than initially reported

 

[Gritsngravy]

Too many dummies.

Founding Fathers didn’t think there’d be this many dumb people. Nobody learned from history.

The founding fathers? The slave owners?

What did they want for the country?