Where are you getting your propaganda?
I started investing on my own during covid and I would watch the articles related to the stock market, which is where I mostly realized the media was lying about everything. There are certain things related to finance and the economy they just can't lie about. They still try to spin it, but you can see through most of it if you are paying attention.
The fact the fed have not dropped interests rates lately under Trump shows the double standard and how against Trump and the American people the deep state is.
I think you needed to look closer. Same with PJF, he needed to look closer.
This is from MarketWatch:
The economy created a seemingly healthy 147,000 new jobs in June and the unemployment rate fell to a four-month low. Great news, right? Not if you look under the hood.
A close look at the June employment report suggests the labor market actually deteriorated last month. Fewer companies were hiring and more people stopped looking for work because jobs were harder to find.
“The June jobs report suggests the underlying trend in the economy was very tepid in June and in the second quarter,” said Bill Adams, chief economist of Comerica.
Let’s start with the headline increase in jobs.
Of the 147,000 new jobs created, half were in state and local government. The private sector added the fewest new workers in eight months. Not good.
The rise in state and local hiring was also a mirage.
Since fewer school employees than usual became unemployed last month, the government’s seasonal-adjustment process made it seem like there was a big increase in education jobs.
There wasn’t. In fact, the actual or unadjusted number of state and local jobs fell last month. That’s what usually happens at the end of the school year.
The private sector, meanwhile, added a meager 74,000 jobs in June, marking the smallest gain in eight months.
That’s bad enough. Even worse, almost all the new jobs were created in just one part of the economy: healthcare. Hardly any other industry was hiring.
What about the decline in the unemployment rate? It fell a tick to 4.1%.
The real reason was that some 329,000 people dropped out of the labor force, with many of them saying they were too discouraged by how hard it was to find a job.
This is an ongoing trend in 2025.
The so-called participation rate fell in June to a 2½-year low of 62.3%, down from a postpandemic peak of 62.8% two years ago. This rate tells us what share of people of working age either have a job or are looking for one.
Don’t look for participation to improve, either. For good or ill, the Trump administration’s crackdown on immigration has squeezed the supply of labor.
Another sign of weakness: Companies are no longer giving big pay raises each year since leverage in the labor market has shifted to employers from employees.
The increase in worker pay in the past year slowed to 3.7% in June, just a hair above the prepandemic peak.
A few years ago, companies were so desperate to hire in an era of chronic labor shortages that wages grew as fast as 6% a year.
Those days are over.
“Although the overall number of jobs was very strong, the weakness was broad-based across the private sector,” said chief economist Eugenio Aleman of Raymond James. “The labor market continued to weaken in June.”
Over the first six months of the year, American job growth has slowed to a 15-year low. It's worth asking why.
www.msnbc.com
Expectations heading into this week showed projections of about
110,000 new jobs having been added in the United States in June. As it turns out, according to
the new report from the Bureau of Labor Statistics, the totals exceeded those expectations.
CNBC News reported:
Job growth proved better than expected in June, as the labor market showed surprising resilience in the wake of President Donald Trump’s calls for interest rate cuts. Nonfarm payrolls increased a seasonally adjusted 147,000 for the month, higher than the estimate for 110,000, the Bureau of Labor Statistics reported Thursday. The unemployment rate fell to 4.1%, against a forecast for a slight increase to 4.3%.
There’s nothing especially wrong with the preliminary topline totals from June — 147,000 jobs is a mediocre number, though hardly a disaster — but as is always the case, context is everything.
Over the first six months of 2025, the latest data suggests the economy has added 782,000 jobs. That said, over the first six months of 2024 — when Donald Trump said the economy was terrible — the total was 985,000 jobs, and over the first six months of 2023, the U.S. economy added 1.53 million jobs.
In fact, if we exclude 2020, when the pandemic wreaked havoc on the economy, the first six months of this year show the slowest job growth in the United States since 2010, when the economy was still trying to recover from the Great Recession.
(THIS): In other words, the White House and its allies are likely to celebrate the new not-that-bad data as terrific news, but the question the president and his team ought to face is simple: “Why has American job growth slowed this year to a 15-year low?”
Fox's Maria Bartiromo was stunned when the jobs report she read on-air Wednesday missed its projected growth and actually showed a decline.
www.mediaite.com
Fox Business Network anchor
Maria Bartiromo was stunned when the jobs report she read on-air Wednesday missed its projected growth and instead showed a decline.
Earlier that day, the firm ADP released its report on private sector hiring for the month of June. Although the private sector was projected to see an increase of nearly 100,000 jobs, Wednesday’s report showed hiring had actually contracted to the tune of 33,000. As noted in a report by
CNBC, it is the first month of job loss in the private sector since March 2023.
In a
statement published with the jobs report, ADP Chief Economist
Nela Richardsoncited a “hesitancy to hire and a reluctance to replace departing workers” as the reason for the losses.
Just moments before the job numbers were available to her, Bartiromo — joined by Sen.
Kevin Cramer (R-ND) — told viewers that they were projected to be very good. When they weren’t, she quickly changed the subject.
“We are waiting any moment now to get the jobs numbers for the month of May,” she said. “The expectations call for the ADP numbers to be up 95,000 for the month of June, rather. It’s the June jobs data. And we’ll, of course — right now, seeing the number actually show a decline in jobs. Down 33,000 on ADP.”
Bartiromo didn’t skip a beat and moved on, “The bill includes $25 billion for the ‘Golden Dome,’ the missile defense system. Senator, you introduced a bill supporting the construction of that system. I want to get your take on defense and whether or not that’s an area you see continuing to grow, because everyone’s trying to figure out where the economic growth comes from on a day that we see the June ADP numbers down 33,000 jobs in the month of June versus an estimate of up 95,000, Senator.”
