Economic News

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tarheelbillie said:
Damn! I thought I our Dear Big Beautiful Leader had fixed this at the BLS. If someone has pissed on his parade again...
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The BLS job numbers come out in 30 minutes. The expectation is will show 75,000 jobs and unemployment increasing to 4.3%Which will make a rate cut almost certain with more cuts being considered throughout the rest of year.

The new head of BLS is some yahoo from the Heritage Foundation so I'm expecting the report to say 1 million new jobs have been created and the unemployment rate decreased to 2%
 


“…The US job market is almost entirely dependent on healthcare. That's not healthy for the economy.”
 
1moretimeagain said:
+22,000 jobs, 4.3% unemployment rate
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The new BLS guy may be sitting down shortly with the "Mooch " to have a beer and share war stories from their few weeks spent in Trump's good grace.

Edit : Or maybe this BLS guy met with Trump and they planned to present a very bad jobs report to lock in a 50bs rate cut this month and next month and then revise the numbers for August and September in November showing a million new jobs were created
 
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🎁 —> https://www.wsj.com/economy/jobs-re...7?st=Cnzw5n&reflink=desktopwebshare_permalink

“… The government also revised its numbers from earlier in the summer, and said that the economy lost a net 13,000 jobs in June. It was the first such decline since December 2020.

… Consumer sentiment dropped nearly 6% in August, after trending up in June and July, according to a closely watched index from the University of Michigan. And workers are feeling more pessimistic about the job market, and more people are expecting their income to decline, according to a survey by the Conference Board.“
 
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