As I write this, the Democratic press releases are still being edited, but the collective scream soon to come is perfectly predictable. Already, Democratic Rep. Ted Lieu said on BlueSky that “Republicans are messing up the economy,” based on private jobs data that came out Thursday.
You can see why Democrats might make that argument. It seems the latest numbers from the Bureau of Labor Statistics show a meager job gain in August of 22,000, with technical revisions to recent months data in the negatives by 21,000. Even without that revision, that’s a job growth rate of a tenth what Joe Biden achieved in good months during his term.But the screams, and the rocketing stock market hoping for a rate cut based on the numbers, miss the fact that this dismal employment picture might be a sign that Donald Trump’s policies are working as intended.
So far under Trump, federal government employment is down 97,000 jobs. It was down 15,000 jobs just in August and it is going to keep going down as those who have already been fired, but are still getting severances, still count as employed.
State government employment in August was down 13,000 too, which may reflect cuts to state government grants. And those numbers come as parts of the federal government that Trump likes, such as Immigration and Customs Enforcement are on unprecedented hiring sprees.
The Trump administration also has cut tens of billions of dollars (maybe hundreds of billions) in nonprofit grants, on which the government spends a fortune. The BLS doesn’t report monthly numbers in the nonprofit sector, but you can expect that these cuts are having a big impact in the government-adjacent parts of the economy. One clue in the data is that “Religious, grant-making, civic, professional and similar organizations” employment fell 3,000 in August.
In recent months, the federal government has rounded up tens of thousands of often-employed undocumented immigrants all over the country in industries from construction and agriculture to transportation and manufacturing. That’s a net negative for job growth too. Employment among Hispanics was down 15,000 jobs in August according to the new BLS data.
Right now it is unclear how this is playing out in individual sectors of the economy as these are “employment” numbers. If someone is deported and the job is filled right away, employment stays the same, but if the job is not filled it goes down.
Trump’s tariffs, which continue to roil the economy, are going to cut into jobs in international trade even as Trump hopes manufacturing jobs come home. Manufacturing employment was up by 2,000, if you leave out strike-impacted transportation equipment production.
I am no fan of Trump’s mercantilist economic policies, but any analysis of these job numbers has to consider how much of this is a sign of MAGA success, not economic disaster.
David Mastio is a national opinion columnist for McClatchy and the Kansas City Star.
Link to original article:
https://amp.kansascity.com/opinion/opn-columns-blogs/david-mastio/article311986687.html
The cold blooded assassination of Charlie Kirk is a catalyst for civil war in the USA. The guy was murdered in cold blood in front of an audience. This in addition to seeing black people murder innocent white girls and white kids. How much longer will conservatives take this lying down?
If the Democrats take control again ,and they might, then I hope the US government collapses on the weight of incompetence.
Excellent data. The FED should cut 50 basis points. We will wait and see what happens tomorrow with the CPI.
Core PPI (MoM) (Aug)
Act: -0.1% Cons: 0.3% Prev: 0.7%
Core PPI (YoY) (Aug)
Act: 2.8% Cons: 3.5% Prev: 3.4%
PPI (YoY) (Aug)
Act: 2.6% Cons: 3.3% Prev: 3.1%
PPI (MoM) (Aug)
Act: -0.1% Cons: 0.3% Prev: 0.7%
PPI ex. Food/Energy/Transport (YoY) (Aug)
Act: 2.8% Cons: Prev: 2.7%
PPI ex. Food/Energy/Transport (MoM) (Aug)
Act: 0.3% Cons: Prev: 0.6%
For those that understand middle eastern eschatology, sure looks like they are moving toward the fulfillment of their luciferic king!
We have a serious pre-Adamic nigger problem
https://x.com/TheRISEofROD/status/1965598710299267449?s=19
Become a dangerous person, be armed, and watch your back. Head on a swivel.
Negros are really discrediting their whole race by committing violent crimes. It should be obvious by now that many blacks hate us whites. Keep clear of black neighborhoods and definitely keep clear of areas run by blacks. There was segregation for a reason. There is a reason why white people do not want to live next to blacks.
The employment picture looks a lot weaker than initially thought..
Current Employment Statistics Preliminary Benchmark (National) – March 2025
The preliminary estimate of the Current Employment Statistics (CES) national benchmark revision to total nonfarm employment for March 2025 is -911,000 (-0.6 percent), the U.S. Bureau of Labor Statistics reported today. The annual benchmark revisions over the last 10 years have an absolute average of 0.2 percent of total nonfarm employment. In accordance with usual practice, the final benchmark revision will be issued in February 2026 with the publication of the January 2026 Employment Situation news release
https://www.bls.gov/news.release/prebmk.nr0.htm
I just told my homeowners insurance co. to go screw. My 30 yr roof is 18 yrs old in good shape but they want me to get a new one. The guy who came out to look at it was a wise ass. I didn’t call anyone but a week later a door to door salesgirl comes by asking about me getting a new roof .
The whole economy is one big information scam and service charge, which of course now is called a “convenience fee”.
I know what you’re talking about. I applied for a mortgage in June and the mortgage lender ran my credit. Over the next 72 hours I received over 50 phone calls soliciting for mortgages. That’s from Equifax.
These cold callers were so arrogant, too. They would say matter of factly that I inquired.
Yes, it is a parasitic economy built on scam artists scamming everyone, interest expenses, and convenience fees.
Economists expect a major downward jobs revision from BLS tomorrow
The latest jobs report points to a labor market that’s faltering, but the slowdown may have begun much earlier. Economists expect the Bureau of Labor Statistics tomorrow to issue a major downward revision, showing the nation added hundreds of thousands fewer jobs than first reported.
On Sept. 9, the BLS will release its preliminary benchmark revision to labor market data, which aims to better account for businesses that have opened or closed. Economists say the revision, covering the 12-month period through March 2025, could show that hiring during that time was about 800,000 jobs lower than previously reported.
The report could draw attention from the Trump administration, as the president last month questioned the validity of the monthly jobs report — and fired the commissioner of the BLS — after the data included a significant downward revision. Hiring experts and economists point to a job market that’s stalling out as some businesses are bearing increased tariff costs while others are tapping artificial intelligence as a way to lower labor costs and replace workers.
“The labor market will likely look even worse after the release of the preliminary benchmark revision to payrolls on Sept. 9,” Bill Adams, chief economist for Comerica Bank, noted in an email.
The revision could show that employment was reduced by about 775,000 for the 12 months through March, Adams estimated. That would indicate that the average monthly job growth in 2024 actually stood at 100,000 per month, down from the 165,000 previously reported, he added.
The revision would cover only the first three months of Mr. Trump’s second administration, with the bulk of the timeframe occurring in the last year of former President Biden’s administration.
Job growth has slowed dramatically in recent months, with the employers adding an average of 29,000 jobs each month from June through August, the most recent BLS data shows.
Why does the government revise its jobs data?
Jobs revisions occur each month, with the BLS updating its data to reflect more recent information it has received from businesses about the pace of hiring. That’s because some companies respond late to the BLS’ surveys, which means the agency receives an influx of new information after it has issued its initial monthly jobs report, prompting the fresh numbers.
But once a year, the BLS also issues an annual revision based on fresh data from the Quarterly Census of Employment and Wages (QCEW), which tracks employment and wages reported by employers that cover more than 95% of U.S. jobs.
While the monthly jobs report relies on about 50,000 responses for each period, the QCEW covers 11 million workplaces — but that scope requires more time for collecting the data versus the BLS’ monthly report, Adams of Comerica said.
“The QCEW’s detail lets it directly measure jobs added at newly-opened workplaces and lost at closing ones, which account for several millions of employment churn each year,” he added.
What happened in the last annual revision?
The BLS issued a major downward revision last year for the same annual data, showing that employers added 818,000 fewer jobs in the 12 months ended March 2024 than previously estimated. That lowered average monthly job growth for the period to 174,000, down from the initial estimate of 242,000.
At the time, the downward revision was seen as evidence that the labor market was showing cracks, and it was viewed as paving the way for the Federal Reserve to cut rates at its September 2024 meeting.
What does this mean for a Fed rate cut?
The Fed will be focused on analyzing recent economic data, such as the latest jobs report and the next Consumer Price Index, which will be issued on Sept. 11. Economists expect the CPI to show an annualized increase of 2.9% in August, higher than the prior month’s 2.7% and well above the Fed’s goal of reaching a 2% annual rate.
With the labor market hitting a wall in recent months, economists now expect the Federal Reserve to cut its benchmark rate at its Sept. 17 meeting. The only question is whether the Fed might usher in a jumbo cut of 0.5 percentage points, or opt for the typical cut of 0.25 percentage points.
“Market odds currently see a 100% chance of a Fed rate cut this month, with a small constituent seeing an outsized 50-basis-point cut on Sept. 17 within the realm of possibility,” Anthony Saglimbene, Ameriprise chief market strategist, wrote in a Sept. 8 research note.
But, he added, if the August’s Consumer Price Index comes in hotter than expected on Sept. 11, that “would likely throw cold water on the idea that the Fed is considering an outsized September rate cut.”
President Trump has repeatedly lashed out at Powell this year over the Fed’s decision to keep interest rates level. In June, Mr. Trump publicly mused over whether to fire him, although many legal experts say it’s not clear he has the constitutional authority to do so. Powell’s term as Fed chair ends on May 15, 2026.
Trump nominates replacement commissioner
President Trump in August announced E.J. Antoni as his nominee to lead the Bureau of Labor Statistics on Monday. Antoni, a fellow at conservative think tank the Heritage Foundation, has criticized the BLS, questioning its methodology.
“DOGE needs to take a chainsaw to the BLS…,” he wrote in a November post on X.
In a statement Monday backing the BLS, the National Association for Business Economics (NABE), a professional association of global economists, applied economists, data scientists and academics, said it “stands firmly with the dedicated economists and statisticians at BLS and across the federal statistical agencies.”
The association went on to urge policymakers and others in the business and economics community “to defend the integrity of the U.S. statistical system and ensure it remains the global gold standard,” it said.
“The Bureau of Labor Statistics needs a knowledgeable and qualified commissioner who will uphold the agency’s mission and protect its trusted professional staff from political pressure. A commissioner with deep expertise and independence is essential to maintaining public trust, ensuring impartial analysis, and safeguarding the credibility of U.S. statistics,” NABE added.
I keep seeing the Japheth descendants showcasing their military might against the USA. China needs to be taught a lesson. Let us hope it is soon.
I keep seeing the Japheth descendants right here in the USA, where ever I go.
They already invaded and are here now. They own alot of property, businesses, and also becoming local politicians. Stone mentioned many times there won’t be a financial collapse…We have ethnic replacement and financial transformation, all apart of the slow boil technique where nobody notices and brainwashed enough to along with it.
That’s right. Japheth has already been taking a spoil and taking a prey. Since the Rosenberg spies soon after World War II began stealing technology, Japheth has been taking a spoil and taking a prey. It has been methodically chipping away at the sovereignty and power and might of Jacob Israel.
Of course, my readers already know that Israel is not the satanic land area in the Middle East. And it’s certainly not of the people who live in it. That’s Edom Esau Cain.
True Jacob Israel’s borders have been overrun for decades now. The Northern and Western European nations as well as the Commonwealth and United States have been decimated by mongrelized immigrants who hate the people who live here and who hate white people.
Like Greg says, these people have been overwhelming its coffers, reproducing with reckless abandon, and draining the power of those who founded these countries.
Don’t believe the lies of the flood being around the entire world. I ask simple questions. How come Chinese history wasn’t broken during that time? Why didn’t the Dravidian and Asian cultures experience severed timelines? Of course, there were talks of floods in their histories, but their civilizations were never wiped out.
So many Universal Church Constantine fallacies that have been fed to us.
If you are an European Caucasian from Northern and Western europe, look in the mirror. There is Israel.
I am seeing a recent uptick of Chinese buying up houses and commercial real estate in my area in southern NH. The Chinks have been buying around the Boston area for a long time and now they are coming up here. There was a recent house sale to a Chink on my Mom’s street in the southern part of my town in southern NH. Me and my Mom are getting letters from Chinese buyers looking to buy our houses.
The commercial properties bought by the Chinese up here are really curious. One Chink purchased a building right next to the local airport. Another China purchase was a property right next to the city waterworks. Good thing I have my water from my own private well. These appear to be strategic purchases above and beyond profit motives. I think WWIII has already started in an covert asymmetric way.
The yellow race has been strategically buying up property and farm land for decades now. They are in the early stages of Ezekiel 38!
Trump is definitely rearranging the US economy to build fortress USA.
Yes. There is definitely a plan here. I think about how nefarious the process has been to get federal troops on the streets of the United States. This overturns posse comitatus.
There’s a thesis and an antithesis. Out of the mess comes the synthesis. It’s the desired result. Troops patrolling American streets. It’s just like any other third world South American or Central American dictatorship.
In this instance, the Democrats provide the thesis. They create the mess. Trump comes in with the solution. Now we have national guard troops patrolling the streets. It’ll be an everyday thing with machine guns and jeeps going up and down quiet residential streets.
And chaos gives “them” the opportunity! Problem, reaction, solution.
The entire stack of alternative media sad sack know it alls got it all wrong. There’s no collapse, only transformation.
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Viva la asset owners!