Economic News

  • Thread starter Thread starter nycfan
  • Start date Start date
  • Replies: 3K
  • Views: 156K
  • Politics 
nycfan said:
There might not be corresponding government economic reports for a while, depending on length of shutdown



“Privately run businesses eliminated jobs in September for the third time in four months, ADP said, in another sign of emerging weakness in the labor market that alarmed the Federal Reserve enough to cut interest rates two weeks ago.

The private sector culled 32,000 jobs last month, said ADP, the nation’s largest processor of payroll checks. Employment has fallen three times since June to mark the worst stretch for the labor market since the pandemic.
Click to expand...

There might not be corresponding government economic reports for a while, depending on length of Trump's tenure in office.

Fixed it for you, nyc.
 


“… The Institute for Supply Management (ISM) said on Wednesday its manufacturing PMI increased to 49.1 last month from 48.7 in August. It was the seventh straight month that the PMI remained below a reading of 50, indicating contraction in manufacturing….
 
nycfan said:
There might not be corresponding government economic reports for a while, depending on length of shutdown



“Privately run businesses eliminated jobs in September for the third time in four months, ADP said, in another sign of emerging weakness in the labor market that alarmed the Federal Reserve enough to cut interest rates two weeks ago.

The private sector culled 32,000 jobs last month, said ADP, the nation’s largest processor of payroll checks. Employment has fallen three times since June to mark the worst stretch for the labor market since the pandemic.
Click to expand...

The farmers are getting bailed out and I bet nary a one cares that other Americans are losing their jobs.
 
So are there competing organizations that can compile economic numbers and put out a real estimate of economic indicators? Like the medical societies and state public health agencies that give rational medical/vaccine advice to the public? Do an end round of the cooked Trump numbers?
 


I suspect that since Trump thinks “I am the State” he sees this as a business deal for his own personal benefit, so capitalist rather than socialist (if a Dem POTUS did the same).
 


“The Institute for Supply Management said on Friday that employment contracted in September for the fourth straight month.

The employment barometer rose only slightly to 47.2% from 46.5% in the prior month. Numbers below 50% indicate contraction in the sector. This is the first four month contraction in more than a year. …”

iSM measures employment and other data from manufacturing companies.

Here is their October PMI report:

IMG_0042.jpeg

Soft / at risk but far from crisis seems to be the vibe.
 
nycfan said:
Click to expand...

“…
In private conversations with the president, Trump’s advisers, rather than dwell on shaky economic data, have painted a rosy outlook, insisting that data will begin to improve in the first quarter of 2026, according to people familiar with the matter, including senior administration officials.

After a report showing only 22,000 new jobs in August, Treasury Secretary Scott Bessent told Trump he believes the employment numbers will start to tick up once policies from his “Big Beautiful” tax-and-spending law are fully implemented heading into next year, according to a person close to Bessent.

Earlier, at a closed-door gathering in the Oval Office, other advisers told Trump it was up to him how to publicly address the weak jobs data and he could just breeze past the information by pointing to the future, according to a senior administration official. They assured him the economic indicators will show improvements as 2025 comes to a close, the official said. …”
 
nycfan said:
“…
In private conversations with the president, Trump’s advisers, rather than dwell on shaky economic data, have painted a rosy outlook, insisting that data will begin to improve in the first quarter of 2026, according to people familiar with the matter, including senior administration officials.

After a report showing only 22,000 new jobs in August, Treasury Secretary Scott Bessent told Trump he believes the employment numbers will start to tick up once policies from his “Big Beautiful” tax-and-spending law are fully implemented heading into next year, according to a person close to Bessent.

Earlier, at a closed-door gathering in the Oval Office, other advisers told Trump it was up to him how to publicly address the weak jobs data and he could just breeze past the information by pointing to the future, according to a senior administration official. They assured him the economic indicators will show improvements as 2025 comes to a close, the official said. …”
Click to expand...
“… Some advisers to the president are trying to hone Republican talking points to emphasize the GOP’s efforts to help the middle class.

During an August dinner in Jackson Hole, Wyo., with Republican donors, Trump’s pollster Tony Fabrizio and longtime Trump political adviser Chris LaCivita told attendees they had briefed the president on their internal surveys showing how the “One Big Beautiful Bill” moniker wasn’t appealing to voters. Trump’s signature legislation might need a rebrand, they said, according to a person at the event. Instead, Republicans should start referring to the law as a tax cut for working families. Republicans have since embraced that framing….”

——
Jackson Hole is just the place to hone your message to the middle class …
 
You must log in or register to reply here.
Back
Top