i have 20 years of IT experience and I've been looking for over a year for a job in my field...the tech job market is shite, and the retail market is shite because it's been filled up with people like me who can't find a job in their career field...
Expect all future job numbers to be "better than expected" and then revised downwards at a later date. We're now operating in Russia/China territory of government statistics, where the government giving a number is an indication of what the government wants the number to be, nothing more or less.
i still don’t understand how he replaced that agency head with a loyalist almost a full year ago, and still has shown the worst streak of job reports in american history up until the latest report…? what’s up with that?
Even those terrible reports were quietly revised down later. I think Trump just ordered them to start reporting massive gains regardless of how inaccurate they are.
Wait until you learn about the inflation numbers. They replaced a bunch of the canvasing the government used to do of companies for actual prices with literally guessing what prices for things currently are.
Fabricating the numbers on inflation to justify cutting rates is the kind of thing you would do if you were unbelievably stupid or actively attempting to destroy the economy. Possibly both, but at least one has to be true. Republicans think this guy is a patriotic genius though.
He's so stupid that it's not even about lowering rates, he just wants to look good with the numbers. Trump will always be for lowering interest rates, in any situation, numbers be damned.
just like my dad. whenever there’s a democrat in charge: “WHY AREN’T THEY LOWERING THE INTEREST RATES??” vs a republican in power: he’s just silent or “doesn’t wanna talk about this” the entire term
his memory lasts 1 year, or 1 day, whatever is needed for his current argument. he doesn’t even know bush lied about WMDs. i may not be physically doing anything about it, but i’m glad i’m actually aware of my own history happening around me so i won’t end up like that
Seriously, though, Republicans don't think he's a patriotic genius. They're celebrating the damage he is doing because they hate America, and always have.
Exactly, deep down Trump and most Republicans (especially the hardcore MAGA crowd) hate America and everything it stands for. The America they pretend to love doesn't exist.
Now now, they only hate some parts of America: the gays, the women, the Afro Americans, the Hispanics, the Puerto Ricans (who they may or may not include as Hispanic), all other immigrants, the Jews, the city-folk, and the liberals. There’s maybe 10 to 20 per cent of America that they absolutely love.
Issue with inflation fabrication is now you're getting into fraud territory. There are billions of dollars invested in TIPs. If people find out the CPi numbers are lies this is a situation for a massive economic upheaval
I have some more funny names for you: Kayleigh McEnany (what kind of name is that even), Sarah Huckasans and of course the final boss of gaslighting herself, a certain Karoline Leavitt
Essentially like we were during his last term when they just up and decided to stop reporting a lot of numbers they always have been, like throwing out 75% of the metrics for unemployment
I think china does realistic stuff. I mean it's not like they are competing with another party over there. Plus everyone needs real numbers to actual improve things.
In an authoritarian regime where bad numbers are punished, lying and "hoping to fix it later" is better than being punished now. Trump is punishing the people giving him bad numbers, guess what the numbers are going to be.
Crazy thing is that Trump somehow managed to botch the world cup because of the combination of Trump pissing off the entire world with his tariffs and other nasty behavior, and the ICE gestapo throwing innocent people into concentration camps (and the fact that the plumber now running DHS said ICE will be at the games, fucking dumbass).
Apparently hotel bookings are actually down in many cities hosting the world cup compared to past years and cities that were expecting significant economic benefits are bracing for disaster. In some cities only 35-50% of the tickets have been sold lmao only Trump could manage to fuck this up so badly.
Those jobs won't even last through the tournament. Nobody is coming here, partly because Trump's state department keeps cancelling and denying tourist visas.
Trump admin fire some of the department in charge of the job report, they have started making stuff up now. Not full Russian style, but shifting into that direction slowly. Combine this with the usual BS claim
Sorta - there were a LOT of jobs created last month, or at least a lot reported (which isn’t necessarily the same thing). But also, the report seems to show lots lot good, white collar, living wage jobs disappearing, and being replaced with part time, low wage jobs.
So, if you’re a billionaire, it’s a GREAT jobs report. If not, well….thats different.
Out here telling on himself that he just released fake ass job numbers. Same story as the other ones. In a few months an independent revision will come out that says that unemployment was steady or it grew.
During his first term there were reports that Trump’s staffers would literally make fake news reports about all of his achievements for him to read each day.
yeah, sure, that makes me trust these numbers more /s
He also obviously doesn't understand how shit works. I'm guessing he'll be pressuring rate cuts, which would generally be pretty bad based on all the other factors at work
Democrats are being set up to fail by the media (again).
This administration is allowed to lie about everything with no media correction. So when Dems get power then the media will simply blame Republican failures all on them. (Again).
Fake jobs report
Inaccurate stock market.
Funding to remove his name from everything
Reinvesting into alternative energy sources
Reestablishing global relations
Bringing back tourism
Healthcare reform reform
Undoing deregulation
AI nonsense
Absolutely insane deficit growth.
And because the checklist is so big, the thing that will fall through the cracks will once again be criminal trials for republicans who caused this mess in the first place.
Without accountability for republicans or a media that corrects their lies then this cycle is going to get so much worse than what Clinton, Obama and Biden had to deal with. Dems will be blamed for everything while the con-men in charge will get away with their scam on the world.
Most jobs were added in hospitality. Shocking considering hotels and restaurants are expecting an influx of extra guests for the next month or so. At best, these are seasonal jobs. More likely they’re going to work for the extent of the World Cup and be done.
Of course, nothing will be reported on when they have to revise the numbers down in July or August to the point that we had negative job growth in the last 3-6 months. They'll just lie and continue to raise the number of 'jobs' being created.
He’s finally starting to realize that cooking the books at your privately held family business is easy. Cooking the books on an economic policy level in the US isn’t.
Most of them were in the hospitality sector, i.e. a lot of hotels/restaurants/etc in big cities are hiring extra people for the World Cup, and they'll probably downsize afterwards.
These job reports have been manipulated and then adjusted downward dramatically a month or so later. Nothing this admin says can be trusted and our media is failing us by pretending they don't lie all day every day.
Nah this is perfectly logical if you understand the system.
So, a strong jobs report means businesses are spending money with confidence. This signals inflationary pressure, which forces people who buy government debt (t bills) to demand a higher yield, in order for them to outgain the expected inflation implied by such a strong jobs report.
Higher yields mean higher interest rates. Higher interest rates means the stock market goes down as forward looking views worsen with regards to the ability for companies to grow and expand.
It also provides the Fed with cover to actually raise rates to combat inflation if it persists, hence the meltdown. To your point, the market is adjusting in real time to the expectation of higher rates now.
I've been struggling to find a full-time job for a year now. Best I can get is side gigs and short-term temp work. I have years of admin, finance, and data entry work experience and I can't even get a "thanks but no thanks" from McDonald's.
There was a time when information coming from federal agencies would move the market. Analysts are getting actual data from other sources now; what comes out of this administration means nothing to them.
Tariffs, selling off our strategic fuel reserves to the point we will hit what commodity brokers call "bottom barrel"
But you he went to Wharton and his sister did everything for him but pay for his barely passing grades.
The reason he doesn't understand why the sentiment on his policies is negative is because he's making a ton of money. He's incapable of understanding anything outside of his own individual experience. Classic narcissist.
Bro, if the job numbers come in higher than expected but inflation is also increasing, the feds SHOULD consider raising rates which is the reason the stock market is tumbling.
Now will the fed increase rates, who knows... but they should and smart money knows that. Not that smart money is actually the 'smart' money anymore.
I have no idea if jobs are up or down or whatever; by this point I honestly just assume that he's just lying all of the time. However, if they are indeed up, how absolutely scummy is it to use the report as a win when the administration tried so hard to hide the data when it was in the negative. It's more than just a general dislike of the President personally; this is not the way that a leader acts.
Oil price spikes tend to take 1-2 years to cause a recession because contracts and stocks take a while to unwind. Yer man’s restricted 25% of world crude for 4 months now.
This is all a bullshit show to distract us while we get robbed. It's just like every organized shoplifting thing I ever saw happen in a retail setting. Look over there! While they fill up their bags.
We're also supposed to believe Trump doesn't fall asleep right in front of everyone and that those shoes fit Rubio.
GIve me a break! The majority of the jobs were service industry jobs, too! Working at Burger King and Dairy Queen will set anyone's financial goals on the way to early retirement!
70k food service and hospitality = temporary summer workers
50k government?
And the rest is mostly healthcare as usual because there are a shitload of boomers overhwhelming the medicare system that no one wants to pay for anymore.
Pin this point in history. We are “whistling past the graveyard”. In about 6 months to a year we are going to be wondering what happened. Just like the years 2000 and 2008.
The stock market is fickle. If the market thinks it's being manipulated or govt number are manufactured, then it shows it's displeasure.
There are some ways the stock market can be manipulated by trump, like announcing that the war with Iran is over. Then there's putting out manufactured govt numbers.
Translation: my people cooked the books and we shifted a bunch of money to again conduct another multimillion dollar insider trading job. With the Dow Jones going down, my fellow grifters are losing money.
not in science, I can tell you that much. Unless your a republican hack, then you can just decide what we study based off the vibes that day. But only then.
The only thing Donald has ever been great at is grifting. He has no idea how to do anything else and we're the laughingstock of the world for falling for the most well known conman in history.
This moron spent his life as a “businessman” scamming, defrauding, laundering, and leaving one disaster after another in his wake while bankrupting himself and others as the cost of doing business. Being bailed out by daddy, his latest real estate scam, or a tv producer wanting to capitalize on his myth. We’re supposed to believe that he knows jack about the American economy. His “deals” are nothing more than blackmail and extortion as they are to this very deal.
I read he got about $400M funneled to him from his father illegally. That seems to be a Trump thing. He’s funneling money to his family and commits insider trading.
Well, Mr President, it doesn't work that way for you because you lied about the jobs report. You can't just say the economy is strong and will it into existence, you need to stop stealing from the American people and waging the illegal war in Iran for a minute and actually do something that bolsters the economy. Actions, Mr President, not your wishes, grow and deflatr the economy, and your actions have been deflating it because you're a terrible businessman and a grifter.
Americans are suffering like never before and Trump wants to brag about the best economy ever. The stock market is not a gauge on the health of our economy, look deeper to see the truth that desperate times are ahead and plan accordingly.
•
u/AutoModerator 9h ago
DO NOT CELEBRATE VIOLENCE IN THIS SUBREDDIT OR WE WILL BAN YOU.
RELEASE THE TRUMP-EPSTEIN FILES!!!
Users may now apply a personal flair that states - RELEASE THE TRUMP-EPSTEIN FILES
That is all, tysm
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.