First, new stats show the job market is cooling and it actually started months ago.  Then, Trump last night announced a massive number of tariffs, The stock market is falling off a cliff with the Dow off more than 700 as I write this.
Says the Times about jobs: "Employers continued to create jobs but pulled back on hiring, a sign that more businesses are putting expansion plans on hold as they deal with economic uncertainty created by President Trump.

The economy added 73,000 jobs last month, the Labor Department reported on Friday, lower than economists’ expectations. The unemployment rate slightly rose to 4.2 percent, up from 4.1 percent the month before.

In a sign that the labor market may not have been as robust as it seemed earlier this year, job gains from the previous two months were also revised down by a total of 258,000, an unusually high number.

The labor market has so far continued to hold up this year. But the slower growth in payrolls signal that cracks in the job market are deepening. Economists have warned that chaotic tariff policies, immigration restrictions and job losses in the federal government could further dampen growth."
Now cue up the righties whining that it's not Trump's fault and it's all "so unfair."

Right now the Dow is around 500, just a tad over a 1% dip. Seems to be recovering from when Nicky initially posted.

Right now, with everything....

Is this a seasonal dip?  Is this based on future tariffs or possibly things done with the end of Biden's term?  Are companies planning ahead?

 
Jobs reports/unemployment rates could honestly be from the deportations and aftermath.  People might not be showing up to work or workers being lost.  That could be 100% accurate.... who knows.  Time will tell.   The job reports have been "revised" all the time under Biden and Trump called him out on it.  Trump now needs to be called out on it too.

 
Is the effect of $20 wages and what not taken ahold for jobs?  Same goes for many of the other state laws that have gone into effect.  Paid family leave, safe time leave, mental health leave, etc.  things like that.   You know makes employers possibly have to cut a worker or two to meet those new payroll or insurance rules, benefits, paid time off laws, etc.   The tariffs haven't taken hold YET.... and YET.  They will in about 2 months.  Are these number showing people "planning", possibly or is it still aftermath of the last administration.   We will know in about October/December area.   But then it is Christmas time.... which typically is an uptick is spending and jobs.  BUT if that doesn't happen... then blame Trump and policies.

I don't see how small businesses can make viable economic plans in this environment of constantly changing tariffs and deadlines. Some businesses who had access to cash/credit did a lot of front end loading in anticipation of the tariffs, but after the inventory is depleted, who knows how far up the price of goods will go and which businesses will survive.  

Besides the weak jobs report from July, the  June and May totals were revised sharply lower, down by a combined 258,000 from previously announced levels. If it weren't for the uncertainty of the inflationary effects of his tariffs, Trump would likely have gotten his quarter point rate cut in September, but it's all part of his Master Economic Plan/

According to the Times: "Hours after disappointing jobs data reflected cracks in the U.S. economy, President Trump said Friday that he planned to fire the commissioner of the Bureau of Labor Statistics, Erika McEntarfer, and implied on social media that she had manipulated the monthly data for political reasons.

Mr. Trump offered no evidence to support his claim. He and his top aides have made a habit of attacking government agencies, researchers and watchdogs when they have produced findings that the president personally does not like. That has led to concerns that he could seek to interfere with the operations of the bureau and other statistical agencies, particularly if the economy begins to take a turn for the worse.

Shortly after the president post, Lori Chavez-DeRemer, the Labor secretary, echoed Mr. Trump’s concerns about Dr. McEntarfer on social media and said that William Wiatrowski, the deputy commissioner, would serve as acting commissioner during the search for Dr. McEntarfer’s replacement."
So....blame the messenger. It couldn't be Trump's fault! He's a sociopath.

More "fake news" from the Times? It's a pretty straightforward report, Wanker. What about it do you dispute?

And the BLS has a sterling reputation for accuracy and lack of political bias.
So this is entirely about Trump hating real news and shooting the messenger.

…going to start calling Erika McEntarfer: “Erika McEnFARTer?”

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The nominee for Director of the BLS was approved by a Senate vote of 86-8, including J. D. Vance voting for her.

If Trump says it, Wanker believes it. If Trump drops a deuce, Wanker gobbles it.

in using the word "director" instead of commissioner (oh, the horror!). But if you look at Ed's OP he never said which President appointed her. Wanker incorrectly assumed that since Ed said JD Vance supported her it was when he was VP. WRONG. JD Vance was a Senator when he voted for her. And so did then-Senator Marco Rubio.
Wanker can't seem to post these days without stepping on his own dick.

I said ZERO about job growth stats. I simply pointed out you fucked up about what Ed claimed. And you did.
But you're such a pussy you refused to own it.
Shame on you, Wanker.

"The October 2024 BLS jobs report, released before the 2024 election, showed a weak job growth of only 12,000 jobs added. This figure was significantly lower than the prior month and below economists' expectations, with the unemployment rate remaining at 4.1%. The report was notably impacted by hurricanes and strike activity, which distorted the data." - Gemini  

Everything Trump is doing is eroding the credibility of the US and of the US dollar as the world's reserve currency. Ironically, this will have the opposite effect of what Trump wants: raising our interest rates and suppressing economic activity.

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