Unemployment Claims Jump to highest since 2018 (Pre-Covid); the economy lost 33,000 last month and inflation increased to 2.7%

[Samori Toure]

Inflation increased to 2.7%

PCE inflation report May 2025: https://share.google/cudWTxDNtSaJdyGTw

 

[Huda2daf]

This will teach them fukking democrats.

 

[bnew]

They just can’t stop winning /sarcasm

Spoiler: text

Posted on Wed Jul 2 16:42:40 2025 UTC

https://i.redd.it/1y6sp0n3phaf1.jpeg

 

[At30wecashout]

Just remember this moment because it will get worse.

If you sat around talking nonstop about the economy, being bad last year, don’t switch up now when it actually is bad. Inflation and certain sectors shrinking does not mean a recession, a net shrinking of jobs does as well as decreased spending. We are at the net shrinking stage, and Republicans are instituting austerity measures. Here comes that recession that the anti-Dems wanted.

 

[Redwood]

Thanks Donald Trump

Yeah thanks for nothing

 

[Samori Toure]

It looks like Trump is cooking the books. His numbers are literally going contrary to what economists and other economic indicators are showing. The media and Wall Street is believing the numbers of dufus that a jury found guilty of financial misconduct. The media is not doing its jump and the impending financial implosion will include how they failed to properly cover this stuff.

Jobs Report Live Updates: U.S. Hiring Remains Solid as Unemployment Rate Falls - The New York Times https://share.google/PtUzXOxgQGy6C0lQc

U.S. Treasury yields: investors await June's big jobs report https://share.google/tKuTfa9E2hnPscZyK

 

[Samori Toure]

If consumers aren't spending and port traffic is way down due to tariffs, then the economy can't be adding jobs. Auto sales and home sales have literally crashed. No matter what Trump's bullshyt numbers are saying we are in a recession.

Trade tensions spur consumers to spend less on discretionary purchases https://share.google/KSIlEcF1wMO6QgMO8

Port Traffic Plummets for Full Month Following Trump Tariff Announcement - Newsweek Port traffic plummets for full month following Trump tariff announcement

The US Housing Market Is Frozen As Home Sales Decline, Inventory Piles up - Business Insider Here's the latest stat showing how the US housing market has frozen over in 2025

Car sales plummet following pre-tariffs panic buying: 'The party is over' Car sales plummet following pre-tariffs panic buying: ‘The party is over’

 

[Kyle C. Barker]

It looks like Trump is cooking the books. His numbers are literally going contrary to what economists and other economic indicators are showing. The media and Wall Street is believing the numbers of dufus that a jury found guilty of financial misconduct. The media is not doing its jump and the impending financial implosion will include how they failed to properly cover this stuff.

Jobs Report Live Updates: U.S. Hiring Remains Solid as Unemployment Rate Falls - The New York Times https://share.google/PtUzXOxgQGy6C0lQc

U.S. Treasury yields: investors await June's big jobs report https://share.google/tKuTfa9E2hnPscZyK

And the dollar is down 10% since January.

And as someone that travels internationally 4 times a year it is becoming noticeable. I would like to see him not fukk this up any further

 

[MajesticLion]

The differences in source data is going to muddy the waters here.

https://www.wsj.com/economy/jobs-report-june-2025-unemployment-economy-c1f54222

Steady Hiring Added 147,000 Jobs to U.S. Economy in June​

Manufacturers are pausing hiring amid tariff uncertainty, while unemployment fell partly because fewer people are looking for work​

U.S. job growth continued at a steady pace last month, surprising economists who had predicted a slowdown in hiring amid uncertainty over trade and fiscal policy.

The U.S. added 147,000 jobs in June, the Labor Department reported Thursday, above the gain of 110,000 jobs economists polled by The Wall Street Journal had expected.

The unemployment rate, which is based on a separate survey of U.S. households, fell to 4.1% from 4.2%.

Revisions showed that hiring was stronger in prior months than previously thought. The number of jobs added in April and May was a combined 16,000 higher than prior estimates.

Healthcare, which tends to hold up in every sort of economy, continued to add jobs. Hiring was also driven in part by state and local governments.

Federal-government layoffs were a modest drag on payrolls, with federal-government employment declining by 7,000 in June. But overall government employment rose by 73,000, because states and localities continued to add jobs.

U.S. stocks rose in morning trading.

Private-sector employers added just 74,000 jobs in June, down from 137,000 in May. That was also the lowest number since October 2024, after hurricanes Helene and Milton put thousands of people out of work.

More than half of the month’s gains came from state and local governments, which added a combined 80,000 jobs.

“The headline number exaggerates the underlying trend of job growth,” said Henry McVey, head of global macro and asset allocation at KKR. While overall job growth looked strong, it was heavily concentrated in a handful of sectors and driven in part by state and local government hiring.

One area of concern: Manufacturing employment fell for the second straight month. “The underlying data tells you that we’re having a manufacturing recession,” he said.

President Trump has said that his tariffs will make America richer and bring back manufacturing jobs.

The jobs report is a sign that manufacturers are holding off on hiring because of uncertainty over tariffs, said Sung Won Sohn, a professor of finance and economics at Loyola Marymount University.

He also pointed to lackluster job growth in leisure and hospitality—sectors that rely heavily on immigrant labor—as a possible sign that the Trump administration’s crackdown on immigration is affecting the job market. Still, he said, the jobs report is “very good” overall and shows a resilient economy. “The fear of stagflation has been greatly exaggerated,” he said.

The decline in the unemployment rate was driven in part by a drop in the number of people looking for work. The labor-force participation rate—the share of the working-age population that is employed or seeking employment—slipped to 62.3% from 62.4% in May. That was the lowest level since late 2022.

“We think we are starting to see a chilling effect on labor force participation from increased immigration enforcement,” Morgan Stanley economists said in a research note following the report. They added that the decline in participation was led by foreign-born people—an indication that some immigrants might be withdrawing from the labor market for fear of deportation.

The U.S. economy continues to face uncertainty over trade. While the White House has reached trade deals with the U.K. and China, it has yet to sign one with its biggest trading partner, the European Union. The Trump administration in May threatened 50% tariffs on imports from the EU, but then delayed them until July 9.


...

 

[Won Won]

Just remember this moment because it will get worse.

If you sat around talking nonstop about the economy, being bad last year, don’t switch up now when it actually is bad. Inflation and certain sectors shrinking does not mean a recession, a net shrinking of jobs does as well as decreased spending. We are at the net shrinking stage, and Republicans are instituting austerity measures. Here comes that recession that the anti-Dems wanted.

The election is over so those agents and dummies are done with that topic

 

[Samori Toure]

The differences in source data is going to muddy the waters here.

https://www.wsj.com/economy/jobs-report-june-2025-unemployment-economy-c1f54222

That source data in that article is from the Department of Labor, which Trump controls. Those books are cooked, which is why the economists were surprised. All of the other independent economic indicators are pointing in the opposite direction. The US Government is now applying similar accounting methods as Trump Org. We are now in the fantasy land of Mexico paying for the Wall and China paying the tariffs.

 

[MajesticLion]

That source data in that article is from the Department of Labor, which Trump controls. Those books are cooked, which is why the economists were surprised. All of the other independent economic indicators are pointing in the opposite direction. The US Government is now applying similar accounting methods as Trump Org. We are now in the fantasy land of Mexico paying for the Wall and China paying the tariffs.

Thus, muddied waters.


Statistical games + blatant stock market manipulation + open, repeated FUD re: Fed Chair policies + ...

 

[Robbie3000]

It looks like Trump is cooking the books. His numbers are literally going contrary to what economists and other economic indicators are showing. The media and Wall Street is believing the numbers of dufus that a jury found guilty of financial misconduct. The media is not doing its jump and the impending financial implosion will include how they failed to properly cover this stuff.

Jobs Report Live Updates: U.S. Hiring Remains Solid as Unemployment Rate Falls - The New York Times https://share.google/PtUzXOxgQGy6C0lQc

U.S. Treasury yields: investors await June's big jobs report https://share.google/tKuTfa9E2hnPscZyK

That’s what I was thinking. The ADP numbers from yesterday contradict the jobs numbers released this morning.

 

[Mystic]

When is the recession happening? I need another house

 

[Samori Toure]

When is the recession happening? I need another house

Right now. You are in a recession right now. New home sales have plunged. Existing home sales have slowed.

It is only a matter of time before all of Trump’s lies, scams and manipulations completely collapses this shyt.