Any ideas why? Would have thought they’d be up in the summer months. https://thehill.com/business/5431805-us-job-growth-revised-downward/
Looks amazing to me.
https://twitter.com/Geiger_Capital/status/1951266734171726291?t=BLWWkkEvfv47VI4Apr1m7w&s=19
Do you understand that claim is based on the unrevised statistics?Looks amazing to me.
https://twitter.com/Geiger_Capital/status/1951266734171726291?t=BLWWkkEvfv47VI4Apr1m7w&s=19
I said this during the Biden years and it holds true now. Whatever comes out for the most current month will be revised.
May and June jobs numbers were revised down by over 250k jobs today.
Take whatever jobs number that is being put out with a grain of salt. The surveys haven't matched been close to the actuals for quite some time.
edit to correct matched with been close to
Hope is not optimism, which expects things to turn out well, but something rooted in the conviction that there is good worth working for. - Seamus Heaney, Irish poet and likely Hoosier basketball fan.
POTFB
How’d she get all the statisticians in BLS to fudge their numbers? How about the data entry personnel? EVERYONE in government is out to get the President. Only answer is a Trump monarchy, right dbm?🔥
https://twitter.com/_johnnymaga/status/1951346107914789009?t=pdNEaTyMxWwUakZgMPCQJQ&s=19
It’s been that way for decades. It’s the nature of the process and they (we) want final statistics to be as accurate as possible. That’s changed when a critical mass of people started believing everything is political. The country is ill and recovery will be difficult.I said this during the Biden years and it holds true now. Whatever comes out for the most current month will be revised.
May and June jobs numbers were revised down by over 250k jobs today.
Take whatever jobs number that is being put out with a grain of salt. The surveys haven't matched been close to the actuals for quite some time.
edit to correct matched with been close to
Do you understand that claim is based on the unrevised statistics?Looks amazing to me.
https://twitter.com/Geiger_Capital/status/1951266734171726291?t=BLWWkkEvfv47VI4Apr1m7w&s=19
Per Grok they are accurate.
Yes, based on the July 2025 BLS report and revisions: foreign-born employment has declined by ~735K since January, federal government jobs down 84K. Native-born gains exceed 2M with real wages up ~1-2% adjusted for inflation under Trump.
It’s been that way for decades. It’s the nature of the process and they (we) want final statistics to be as accurate as possible. That’s changed when a critical mass of people started believing everything is political. The country is ill and recovery will be difficult.
Thanks for rephrasing what I said.
I do agree with the addition of that last sentence. We're not where they'd like us to believe that we are. When all the "new foreign investment" that Trump is touting is followed up with shovels in dirt to start the construction process, I'll start to believe that something is changing for the better.
Hope is not optimism, which expects things to turn out well, but something rooted in the conviction that there is good worth working for. - Seamus Heaney, Irish poet and likely Hoosier basketball fan.
POTFB
It's most likely several reasons.
In no order:
*Increased taxes (tariffs)
*Government cuts
*Immigration or lack there of it
*AI
When all the “new foreign investment” that Trump is touting is followed up with shovels in dirt to start the construction process, I’ll start to believe that something is changing for the better.
i dont' believe we're going to see that in any meaningful way. in my industry, which is massive overseas, a 15% tariff is annoyance but certainly not enough to make people rethink production
When all the “new foreign investment” that Trump is touting is followed up with shovels in dirt to start the construction process, I’ll start to believe that something is changing for the better.
i dont' believe we're going to see that in any meaningful way. in my industry, which is massive overseas, a 15% tariff is annoyance but certainly not enough to make people rethink production
Yeah, who wants to make minimum wage to go work in a garment factory? We'll pay higher prices and continue to outsource that to the 3rd world.
When the chip manufacturing, pharma and auto plants start to go up, then we might be onto something.
Until then, this is more of the shovel-ready jobs BS that was sold to us by Obama, minus the government spending.
Hope is not optimism, which expects things to turn out well, but something rooted in the conviction that there is good worth working for. - Seamus Heaney, Irish poet and likely Hoosier basketball fan.
POTFB
@receipt-keeper Right. I think that’s common, isn’t it, that they are always revised and the first is just an estimate.