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DemocratSinceBirth

(101,645 posts)
Fri Aug 1, 2025, 08:04 AM Aug 2025

****The MAGA Recession Is Almost Here****

US labor market adds 73,000 jobs in July while May, June reports see 'larger than normal' downward revisions

The latest monthly jobs report showed the US labor market added fewer jobs than expected in July while the unemployment rate moved higher, and revisions to prior months' numbers revealed significantly fewer jobs had been added than initially thought.

The US economy added 73,000 nonfarm payrolls in July, less than than the 104,000 expected by economists. The unemployment rate moved up to 4.2% from 4.1% the month prior, in line with expectations from economists.

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https://finance.yahoo.com/news/us-labor-market-adds-73000-jobs-in-july-while-may-june-reports-see-larger-than-normal-downward-revisions-195103455.html?guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAJLeDIFOva2j9PVp-Mii7DH8lRBXDsHlABeD0TrfmkXSEIAh_nXnWtdawAxS2SRIv9-LxV7cRW0CvbhOGHW7dgB-YQ7Tss3Xoi6DR-Ur_yr9X98FDVt33aNeKzEtpMz1AIB5Aj1OovC05mM3Dkfa7M_ZazRXg0EnFKxmBeAQazk_
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****The MAGA Recession Is Almost Here**** (Original Post) DemocratSinceBirth Aug 2025 OP
Trump will sign an EO eliminating the BLS (Bureau of Labor Statistics). sop Aug 2025 #1
He can eliminate the BLS DemocratSinceBirth Aug 2025 #2
Then he will eliminate math and accounting newdeal2 Aug 2025 #4
It doesn't matter D_Master81 Aug 2025 #7
No he cannot. Not if he wants the support of the business community. They depend on it for planning. Bernardo de La Paz Aug 2025 #22
The automobile sector will lose billions with the pedofelon's tariffs. Justice matters. Aug 2025 #29
They've lost billions before, accounting for inflation. Look up the quality issues of the 1970s & "planned obsolescence" Bernardo de La Paz Aug 2025 #32
They survived the Bush-created 2008 "great recession" by asking Obama to... Justice matters. Aug 2025 #34
Voters will know, when they get laid off. Meadowoak Aug 2025 #27
No, he will not. . . . .nt Bernardo de La Paz Aug 2025 #21
I give them a year and they'll be ready to impeach Emile Aug 2025 #3
A month. Meadowoak Aug 2025 #28
Wow WSHazel Aug 2025 #5
You said it WSHazel JMCKUSICK Aug 2025 #9
MAGAnomics oasis Aug 2025 #6
Recessions Only Affect Poor People modrepub Aug 2025 #8
But a super high tariff will be imposed to discourage buying BattleRow Aug 2025 #11
When MAGA bank accounts run dry, people will cry loudly... ProudMNDemocrat Aug 2025 #10
They're perfectly okay Wednesdays Aug 2025 #25
Drumpflation multigraincracker Aug 2025 #12
The unemployment rate doesn't count all those immigrants who are no longer working. patphil Aug 2025 #13
This will sink Trump nowforever Aug 2025 #14
That in combination with... littlemissmartypants Aug 2025 #16
****The MAGA Depression Is Almost Here**** LeftyLucie Aug 2025 #15
Well, he is using Herbert Hoover's playbook. Meadowoak Aug 2025 #31
Finally... littlemissmartypants Aug 2025 #17
$5 says that 73,000 is revised down to negative territory CanonRay Aug 2025 #18
As Winston Churchill once said "Now this is not the end. It is not even the beginning of the end. But it is, Fil1957 Aug 2025 #19
Chickens coming home to roost. RoeVWade Aug 2025 #20
Best comment on this... Grins Aug 2025 #23
Impossible Orrex Aug 2025 #24
Maddow Blog-U.S. job growth turns cold as Trump's agenda takes its toll on the economy LetMyPeopleVote Aug 2025 #26
It is the Trump recession. Trump's big beautiful recession dalton99a Aug 2025 #30
I don't see a recession *yet*. Sometime in 2026, sure. unblock Aug 2025 #33
The Trumpnecks and Trumpbillies will feel the pinch the worst. Aristus Aug 2025 #35

sop

(17,490 posts)
1. Trump will sign an EO eliminating the BLS (Bureau of Labor Statistics).
Fri Aug 1, 2025, 08:11 AM
Aug 2025

The BLS, an agency of the U.S. Department of Labor, produces the monthly jobs report.

D_Master81

(2,344 posts)
7. It doesn't matter
Fri Aug 1, 2025, 08:58 AM
Aug 2025

Trump is about only his image. If the American people don’t know that’s all that matters

Bernardo de La Paz

(60,320 posts)
22. No he cannot. Not if he wants the support of the business community. They depend on it for planning.
Fri Aug 1, 2025, 10:23 AM
Aug 2025

"making money" is a lagging indicator. You made money or not in the previous month or quarter.

Labour statistics are used for planning. Should they increase hiring on a rising economy? Before the labour market gets tighter and harder to source from?

Or should they hold back or even trim, on signals of a weakening economy, to get ahead of competitors.

Business depends on government statistics. Eliminating the BLS would turn Business against tRump same way eliminating the independence of the Federal Reserve would.

Justice matters.

(9,417 posts)
29. The automobile sector will lose billions with the pedofelon's tariffs.
Fri Aug 1, 2025, 11:10 AM
Aug 2025

How will they survive that?

Will the convicted pedo taco eliminate the tariffs once they'll be on the brink of filing for bankruptcy?

Bernardo de La Paz

(60,320 posts)
32. They've lost billions before, accounting for inflation. Look up the quality issues of the 1970s & "planned obsolescence"
Fri Aug 1, 2025, 11:21 AM
Aug 2025

They will survive.

GM and Chrysler have filed for bankruptcy before and survived. Knowing history helps maintain perspective. I recommend it.

Justice matters.

(9,417 posts)
34. They survived the Bush-created 2008 "great recession" by asking Obama to...
Fri Aug 1, 2025, 12:25 PM
Aug 2025

bail them out (and the big "too big to fail" criminal banksters as well) with the US taxpayers credit card, not by taxing the obscenely rich oligarchs and corporations who use the loopholes in order to avoid paying their fair share (which should be the same they were under LBJ).

If by antagonizing the rest of the world the pedofelon and his sycophants do, the dollar collapses due to their mismanagement, Canada has to diversify (should have been done before) and is actively seeking other partners.

JMCKUSICK

(5,158 posts)
9. You said it WSHazel
Fri Aug 1, 2025, 09:15 AM
Aug 2025

That's the real number, this may also mean that come September, July might show a net zero the way these numbers are kept.

modrepub

(3,998 posts)
8. Recessions Only Affect Poor People
Fri Aug 1, 2025, 09:15 AM
Aug 2025

The upper classes use the desperation as a buying opportunity.

I figured the 💩 would hit the fan by this summer. I was off by quite a few months I guess. In my defense, I’m not a trained economist. But neither is the current POTUS.

My adjusted forecast is for pitchforks, torches and pikes to be in high demand by Christmas.

ProudMNDemocrat

(20,630 posts)
10. When MAGA bank accounts run dry, people will cry loudly...
Fri Aug 1, 2025, 09:20 AM
Aug 2025

Want to wager a 6 pack that a majority of Trump voters DO NOT have at least $150,000 in a high yield savings account, Pensions, Social Security, plus Retirement Investment accounts to offset job losses and inflation?

I am not bragging, but my late husband planned for this starting in 1980. He KNEW that under TACO Don the first time required him to up the several retirement investment accounts and move money around to be safer when the Stock Market plunged during COVID. Our spending habits adjusted greatly to make sure after the 2020 election, we would be okay. When we sold our house in 2023, the Capital gains were immediately invested into 3 separate high Yield CD accounts to create even more liquid cash for later use. Those CD accounts have matured after 18 months and are now into a high yield Savings account and I put in another $10K to get an additional 4% interest a month. That is all in addition to his pensions from IBM, the US Military, a small manufacturing company he worked for for 10 years, as well as Social Security.

I doubt the average MAGA supporter and Trump voter has planned that over 20 to 30 years. How many of them live for today without a thought for tomorrow?

 

nowforever

(586 posts)
14. This will sink Trump
Fri Aug 1, 2025, 09:35 AM
Aug 2025

Trump is immune except when it comes to the dollar in your pocket. His disastrous economic policy will be his downfall.

littlemissmartypants

(31,684 posts)
16. That in combination with...
Fri Aug 1, 2025, 10:05 AM
Aug 2025

The severe case of botulism, Salmonella or poisoning from (name your dangerous microbe here) he's likely to get once his buddy Bob Jr. finishes gutting food inspections and safety guidelines.

I can't think of anything that I want more even if I have to wait until Kreesmass.

LeftyLucie

(50 posts)
15. ****The MAGA Depression Is Almost Here****
Fri Aug 1, 2025, 10:00 AM
Aug 2025

I expect bank runs and Trumpvilles and massive global unemployment. Make America the 1930s Again...

littlemissmartypants

(31,684 posts)
17. Finally...
Fri Aug 1, 2025, 10:07 AM
Aug 2025

I can see a projected legit recycling prospect for all those Amazon boxes... low income housing.

Fil1957

(547 posts)
19. As Winston Churchill once said "Now this is not the end. It is not even the beginning of the end. But it is,
Fri Aug 1, 2025, 10:14 AM
Aug 2025

perhaps, the end of the beginning.” We've still got a lot of very bad economic news ahead. This will reduce Maga's power and popularity, but a lot of people are going to suffer, some deserving, most not.

RoeVWade

(844 posts)
20. Chickens coming home to roost.
Fri Aug 1, 2025, 10:15 AM
Aug 2025
originates from the 14th century, with a similar concept appearing in Geoffrey Chaucer's "The Parson's Tale". The modern phrasing, however, is attributed to Robert Southey's 1810 poem, "The Curse of Kehama". The phrase implies that a person's actions, especially negative ones, will eventually lead to consequences for them, similar to how chickens return to their roost at the end of the day

Grins

(9,246 posts)
23. Best comment on this...
Fri Aug 1, 2025, 10:30 AM
Aug 2025
"The July jobs report was much weaker than expected and raises the odds of a Fed rate cut in September. The increase in nonfarm payrolls in July was softer than anticipated. But the real story was the revisions that wiped out nearly all the job gains in May and June." - Oxford Economics lead economist Nancy Vanden Houten.

Orrex

(66,691 posts)
24. Impossible
Fri Aug 1, 2025, 10:44 AM
Aug 2025

Just days ago, Fuckface47 said that people tell him that they’ve never seen so many jobs being added,

LetMyPeopleVote

(175,072 posts)
26. Maddow Blog-U.S. job growth turns cold as Trump's agenda takes its toll on the economy
Fri Aug 1, 2025, 10:51 AM
Aug 2025

The question for the White House is simple: “If Trump has created a ‘hot’ economy, why has American job growth slowed to a 16-year low?”

How weak is the job market? Excluding the pandemic, Americans haven’t seen employment numbers this bad since 2009 — during the Great Recession.

The question for the White House is simple: “If Trump has created a ‘hot’ economy, why has American job growth slowed to a 16-year low?”

Steve Benen (@stevebenen.com) 2025-08-01T13:38:22.471Z

https://www.msnbc.com/rachel-maddow-show/maddowblog/us-job-growth-turns-cold-trumps-agenda-takes-toll-economy-rcna222448

Expectations heading into this week showed projections of about 100,000 new jobs having been added in the United States in July. As it turns out, according to the new report from the Bureau of Labor Statistics, the totals fell short of those expectations. CNBC News reported:

Nonfarm payroll growth was slower than expected in July and the unemployment rate ticked higher, raising potential trouble signs for the U.S. labor market. Job growth totaled 73,000 for the month, above the June total of 14,000 but below even the meager Dow Jones estimate for a gain of 100,000.


While the data from July was discouraging, far more important were the drastic revisions from May and June — which were down by a combined 258,000 jobs, compared with earlier, preliminary reporting.

Indeed, according to the revisions, the U.S. economy created just 33,000 jobs combined over May and June, which is a woeful total for an economy that Donald Trump and his Republican cohorts have incessantly described as “hot” in recent weeks.

Over the first seven months of 2025, the latest data suggests the economy has added 597,000 jobs. That might sound like a decent number, but over the first seven months of 2024 — when Trump said the economy was terrible — the total was over 1 million jobs, and over the first seven months of 2023, the U.S. economy added nearly 1.7 million jobs.....

Indeed, the question the president and his team ought to face is simple: “If Trump has created a ‘hot’ economy, why has American job growth slowed to a 16-year low?”

unblock

(55,935 posts)
33. I don't see a recession *yet*. Sometime in 2026, sure.
Fri Aug 1, 2025, 11:36 AM
Aug 2025

To be sure, the tariff uncertainty in particular, combined with radical cuts in government spending, not to mention undermining government information services, are all negative long-term factors diminishing growth.

But for the time being, businesses have figured out that the tariff noise is more mark than bite as Donnie so often talks big, then delays and backs down. Still, the tariffs that have stuck are doing real damage, just less than has been feared.

All this against a backdrop of a global economy that's still doing fine after good years here under Biden.

So we're not in imminent danger of a formal recession. The job market has certainly pulled back, though that has more to do with AI replacing other jobs.

Tariffs will do damage, don't get me wrong. They'll just need time to really hurt us.

Aristus

(71,675 posts)
35. The Trumpnecks and Trumpbillies will feel the pinch the worst.
Fri Aug 1, 2025, 12:52 PM
Aug 2025

But they will devotedly not blame the guy who caused it, and instead curse the name of Joe Biden. Like the good little bootlickers they are.

I've never seen a bigger group more fanatically dedicated to the maintenance of their own poverty and wretchedness.

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