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America's Job Growth Has Been Flatlined By Trump 2.0's Incompetence

Discussion in 'BBS Hangout: Debate & Discussion' started by adoo, Sep 5, 2025.

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  1. adoo

    adoo Member

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    June 2025 may have been the start of a recession

    after new data showed just 22K jobs were added in Aug 2025, unemployment rising to a four-year high, and June revised to the first job loss since 2020. The new data fueled bets on Fed rate cuts as political pressure mounts on the central bank.

    [​IMG]​

    The weak showing reinforces a picture of a labor market that has almost entirely lost momentum. Hiring in health care and social assistance provided a modest boost, but it was largely offset by declines in federal government payrolls and a continued weakness in the energy and manufacturing sectors.

    The weakness was most pronounced on the goods-producing side of the economy. Manufacturing shed 12,000 jobs in August, adding up to a 78,000 loss this year to date. Wholesale trade also shed workers. Construction was flat, but Zandi warned that the sector remains highly vulnerable.

    Much of that pain, he argued, stems directly from Trump polices. Higher tariffs are weighing on manufacturers and exporters, while immigration restrictions are constraining the supply of workers in industries that rely heavily on lower-skilled labor, such as construction, agriculture, retail, and hospitality.


    The cracks in the labor market are growing harder to ignore. Long-term unemployment has ticked higher over the past year, and more than 6 million people outside the labor force now say they want a job, up from roughly 5.7 million about a year ago, according to the BLS.
     
    #1 adoo, Sep 5, 2025
    astros123 likes this.
  2. adoo

    adoo Member

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    the continuing weak labor data was the key factor in the Fed lowering the discount rate by 1/4 point last week,
    w 2 more cuts expected in 2025,
     
    #2 adoo, Sep 21, 2025
    astros123 likes this.
  3. El_Conquistador

    El_Conquistador King of the D&D, The Legend, #1 Ranking

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    BLS got caught cooking the books under Biden. Those graphs posted are now totally wrong.


    GOOD DAY
     
    #3 El_Conquistador, Sep 21, 2025
  4. astros123

    astros123 Member
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    The only thing MAGATs have are more and more conspiracies. No evidence books were ever cooked but they dont care cuz they're in a cult

    Worst jobs market in 5 years. Nobody is hiring and we have more job seekers than we do jobs available for first time in years
     
    #4 astros123, Sep 21, 2025
  5. adoo

    adoo Member

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    in the Sept 2025 FOMC meeting last week, in addition to announcing a 1/4 point cut in the discount rate,

    Fed Chair [​IMG] also commented on the employment side of the Fed's dual mandate.

    labor demand seems to be primarily struggling due to a perfect storm of factors, rather than the singularly-impactful technology., AI.

    Factors such as
    • Weaker consumer spending,
    • increased business investing, and
    • a tepid sentiment on the economy, attributable to Trump 2.0 ill-conceived Tariffs folly
    are impacting companies' arithmetic.

    ​
    Powell also said that tariffs are "absorbed" by domestic suppliers, affecting their margins and putting many businesses into a holding pattern.
     
    #5 adoo, Sep 21, 2025
    Last edited: Sep 21, 2025
  6. El_Conquistador

    El_Conquistador King of the D&D, The Legend, #1 Ranking

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    No evidence? How about the largest downward jobs revision in history -- by far. Biden's jobs were overinflated severely -- possibly by 1.5 million jobs. Far larger than a simple mistake -- this was done on purpose. The books were cooked. Trump inherited a weaker economy than previously thought... and Trump was spot on regarding the need for interest rate cuts months ago.


    GOOD DAY
     
    #6 El_Conquistador, Sep 22, 2025
  7. Rocket River

    Rocket River Member

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    I don't think that man has made a successful business
    His biggest successes are grift and crime
    any business he has works somewhat in spite of him

    Rocket River
     
    #7 Rocket River, Sep 22, 2025
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  8. Os Trigonum

    Os Trigonum Okogie Only Fan
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    if you count politics as a business he's managed to remake a political party and get himself elected twice
     
    #8 Os Trigonum, Sep 22, 2025
    snowconeman22, Nook, Amiga and 1 other person like this.
  9. No Worries

    No Worries Member

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    I am not a real business tycoon. I played one on TV. -- Donald J Trump
     
    #9 No Worries, Sep 22, 2025
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  10. Rocket River

    Rocket River Member

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    and running the government like a business . .. . . is failing

    Rocket River
     
    #10 Rocket River, Sep 22, 2025
  11. adoo

    adoo Member

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    Why is traitor so willfully ignorant

     
    #11 adoo, Sep 22, 2025
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  12. adoo

    adoo Member

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    When you factor in the effects of AI,


    Trump 2.0’s economic infamy could be a jobless expansion, as oxymoronic as Carter’s stagflation​
     
    #12 adoo, Sep 22, 2025
  13. TheRealist137

    TheRealist137 Member

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    Still presented no evidence. You have not offered any proof that the books were cooked. The burden of truth is on you.

    don't bother responding to me unless you bring about real evidence.
     
    #13 TheRealist137, Sep 22, 2025
  14. Amiga

    Amiga Member

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    I stated this before, but I’m restating it here...

    This is, unfortunately, consistent and not an exception. He’s damn good at marketing. The problem is downstream. The victims are shareholders, and in this case, Americans. He comes out fine, or even ahead. Everyone else? Not so great.
     
    #14 Amiga, Sep 22, 2025
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  15. Amiga

    Amiga Member

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    Putting this here. It's a real problem. This year is worse.


    The Long-Term Unemployed Today? College Grads. - The New York Times

    For years, only a small portion of the people experiencing long spells of joblessness were college graduates. That’s starting to change.

    When the federal government released its August employment numbers on Sept. 5, the overall unemployment rate was still relatively low, at just over 4 percent. But underneath was a concerning statistic: The portion of unemployed people who have been out of work for more than six months, which is considered “long-term,” rose to its highest share in over three years — to nearly 26 percent.

    The trend has alarmed some job-market watchers. “Such an increase is unprecedented outside of recessions,” said an economist at the Federal Reserve Bank of Richmond, alluding to a steady worsening of the long-term unemployment rate. Economists at Goldman Sachs recently expressed concern that a collapse in the number of job openings “risks locking out” those who are already unemployed.

    But just as surprising as the rise in long-term unemployment is the subset of workers who are increasingly driving it: the college educated. The fraction of long-term unemployed people with a college degree has grown from about one-fifth a decade ago to about one-third today, according to government data compiled by Matthew Notowidigdo and Jingzhou Huang of the University of Chicago. The problem has worsened over the past year or two after easing temporarily.

    Economists cite a number of reasons for this trend. There are simply more college graduates today than there were 10 years ago, and the job market for people without college degrees improved, reducing their share of long-term unemployed.

    But employers also appear to have less need for college-educated workers, driven by technological change, automation and, most recently, President Trump’s cuts to federal workers and funding, which have disproportionately affected the college educated.

    “The data is signaling that there’s some restructuring going on,” said Andreas Mueller, an expert on long-term unemployment at the University of Zurich. “People are losing jobs and can’t find jobs in high-skilled occupations.”

    ...
     
    #15 Amiga, Sep 22, 2025
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  16. LosPollosHermanos

    LosPollosHermanos BOL BOL
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    I knew this ****er without a life was going to come lick whatever diarrhea Trump trailed on the ground

    took 7 posts to see his name

    imagine having no life..
     
    #16 LosPollosHermanos, Sep 22, 2025
  17. Os Trigonum

    Os Trigonum Okogie Only Fan
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    that's a different question
     
    #17 Os Trigonum, Sep 22, 2025
  18. Os Trigonum

    Os Trigonum Okogie Only Fan
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    you must be looking for the Menstrual Leave thread

    https://bbs.clutchfans.net/threads/menstrual-leave.327255/
     
    #18 Os Trigonum, Sep 22, 2025
  19. adoo

    adoo Member

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    The AI-Powered Divide: How Productivity Gains Reshape the Job Market


    The accelerating adoption of AI stands as a pivotal force in this jobless expansion. AI technologies are enabling unprecedented
    levels of automation and efficiency across various industries. From streamlining customer service through chatbots to optimizing manufacturing processes and automating data analysis, AI allows businesses to achieve more with less human intervention.
    This technological leap contributes to economic growth while simultaneously curbing job creation, creating a
    "workerless expansion" in specific sectors.

    While the long-term impact of AI on job creation is a subject of ongoing debate, its immediate effect is often one of displacement,
    freeing up capital that can then be reinvested or returned to shareholders, thus boosting stock performance.

    ​
     
    #19 adoo, Sep 22, 2025
  20. LosPollosHermanos

    LosPollosHermanos BOL BOL
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    #20 LosPollosHermanos, Sep 22, 2025
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