Posted on 09/05/2025 9:37:42 AM PDT by Kaiser8408a
Not exactly the Guns Of August. More like a wet cap gun firing.
The jobs report for August showed only 22k jobs added.
U-3 unemployment rate rose to 4.3%.
Total private jobs added was 38k while manufacturing jobs added was down -12k.
Government jobs dropped -16k.
Let’s see if The Fed drops the hammer on rates by 50 basis points.
(Excerpt) Read more at confoundedinterest.net ...
“ Government jobs dropped -16k.”
That’s it?! I expected 10x that.
We’ll be lucky to get .25%.
Uncertainty. Get these tariffs done then move on. 100% of our customers are in a holding pattern with these tariffs.
Guess we need to increase deportations
Gold to 5k
I wonder if deportations contribute to these numbers. In other words, the loss of illegal workers make the numbers go down, while if you count only legal workers the numbers are actually up. Just wondering.
Because FINALLY we are not counting illegal aliens..that is why the left is all gung ho for bringing illegals here, of course its for the votes and getting congressional seats, but its also for padding the jobs report to make it look really good when in reality its foreigners who are taking the jobs.
Guaranteed that is a BIG part of it
Yup -for a hit off the crack pipe. But they say the hangover is a real B.....
Absolutely!
a cut of at least 25 bps at the next Fed meeting is near guaranteed at this point.
I think some (many?) illegal workers are hired “under the table”, paid in cash, no W2s, etc. They don’t show up in the employment stats. They probably sign up for other benefits though.
“””I think some (many?) illegal workers are hired “under the table”, paid in cash, no W2s, etc. They don’t show up in the employment stats. They probably sign up for other benefits though.”””
Under the table is one way. But the biggest way is with stolen social security numbers. This is far bigger than most people think it is.
Good maybe Powell and the Fed wills top playing poltics and cut rates finally
Fed was way too late to raise them under Biden. Now way too late to cut them
Thanks.
There are no statistics for legal workers only.
When did BLS stop counting illegal aliens?
Wait until AI starts taking all these white collar jobs.
And next week, they’ll quietly revise these numbers upward by 100K
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