Economic News

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heelslegup said:
The BLS and ADP numbers tend to lag esp in chaotic policy or economic times. Hence the revisions to adjust. Almost everyone, except Trump, had wondered why the BLS Labor numnbers were good in May and Jubbe, even though the economy seems to be slowing.
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I have it on very good authority American is BACK, baby! We were DEAD a year ago, but we’re the hottest thing out there now!

Seriously, it’s incredible to me how the GOP has become so disconnected from economic reality. We were in great shape in the latter half of 2024, but they were truly convinced the economy was a disaster. Now, all the objective indicators are pointing to major problems ahead, most of them directly caused by Trump’s policies, and they are just as convinced the economy is great.

I know it’s said all the time here, but it’s really hard to imagine how we move forward as a country when half of us are trapped in the Upside Down.
 
altmin said:
wait till all the workers are hauled off. going to be some real price increases then.
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Well, according to some Fox News talking heads all we need to do is bring back child labor and force prisoners to take over the worker's jobs and everything will still be peachy keen!
 
lawtig02 said:
I have it on very good authority American is BACK, baby! We were DEAD a year ago, but we’re the hottest thing out there now!

Seriously, it’s incredible to me how the GOP has become so disconnected from economic reality. We were in great shape in the latter half of 2024, but they were truly convinced the economy was a disaster. Now, all the objective indicators are pointing to major problems ahead, most of them directly caused by Trump’s policies, and they are just as convinced the economy is great.

I know it’s said all the time here, but it’s really hard to imagine how we move forward as a country when half of us are trapped in the Upside Down.
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These people live in a pure informational bubble now. I know that many of them will (falsely) claim when they're on the net arguing with somebody that they never watch Fox or other right-wing propaganda outlets and they get their information from all sorts of places, but it's mostly bunk. The vast majority of these people get all of their news from nothing but hard-right GOP outlets - Fox News, Fox Business, OAN, Newsmax, right-wing talk radio, and so on. Or they just surf right-wing (and Religious Right) crap on the net. So they're not getting a view of the world as it really is, they're just getting whatever right-wingers want them to see. It becomes easy to start living in your own little fantasy world - a declining economy is in great shape, a booming economy is terrible, immigrants are nothing but criminals and welfare bums, and on and on. And the ethnic/racial/gender/big cities are scary hellholes stereotyping is something many of these people have believed in all their lives anyway, Fox and other outlets just amplify and focus it. And I see it all the time when I go to rural NC to see my relatives. It's just sad.
 
BillOfRights said:
The next jobs report might be the most consequential in US history. The next Commissioner of the Bureau of Labor Statistics is going to be under an immense amount of scrutiny. How do the markets react if the numbers can't be trusted?
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You mean we shouldn't trust the numbers coming from this guy? Shoutout to nycfan for sharing it a few pages back.

Screenshot 2025-08-03 202347.png
 
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