So Much for " -33,000 jobs" in June; another Fake News/Demleft Lie. 147,000 Jobs Added in June

Several recent reports and analyses suggest that the US economy is proving more resilient and stronger than previously predicted by many economists. This is evidenced by factors like stronger-than-expected job growth, a resilient labor market, and continued economic expansion in the face of rising interest rates and other economic uncertainties. catalog:index_groups:order_by_popularity.
Here's a closer look at what contributes to this picture:
  • Stronger-than-expected job growth: For instance, the US economy added 147,000 jobs in June, exceeding expectations and leading to a decrease in the unemployment rate. This indicates a more robust labor market than anticipated.
  • Resilience despite challenges: The economy has shown resilience despite efforts by the Federal Reserve to cool it down to control inflation. It has also navigated through uncertainties related to trade policies.
  • GDP growth: While some reports indicate a slowdown in GDP growth in early 2025, it's important to consider that some of this slowdown may be influenced by factors like businesses adjusting inventory in anticipation of tariff changes. Some projections suggest the economy could still experience moderate growth for the remainder of the year and into 2026.
Why is this happening?
  • Positive supply-side forces: Better-than-expected gains in the workforce and productivity have helped achieve a balance between strong growth and lower inflation.
  • Fiscal and monetary policy: Bold policies after the pandemic, such as investments in technology, infrastructure, and energy independence, have contributed to this strength.
  • Innovation and a diverse economy: The US's innovative culture, its diverse economic sectors, and the global dominance of the US dollar contribute to its resilience.
  • Strong consumer spending: Consumer spending remains a key driver of the US economy.
 
Cypress said:
You have to admit it's really funny that Trump had to go on a hiring binge for government employees, to cushion the mediocre nature of this jobs report.
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Especially after he's the one who fired them to begin with!!!! :rofl2:
 
Funny how the unemployment rate went down.

So December 2024 unemployment rate was 4.1 Feb 2025 the unemployment rate was 4.1% and June 2025 unemployment rate was 4.1 % and you are saying Trump rehired everyone he fired

:cruisewhat:
 
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Grokmaster said:
Covid job losses coming back.

How many of those were government jobs?
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Thanks for admitting this 'wonderful' jobs report is heavily propped up by government jobs.

We weren't getting COVID recovery jobs in 2024. We had long since recovered the jobs Trump lost in 2020.

I'm not the one who has a problem with government jobs. You are. I think the government carries out necessary functions where there isn't sufficient profit motive for capitalists.

If anything, you should be the one who is angry and disappointed that your jobs report was so heavily dependent on hiring new government employees.
 
Cypress said:
Thanks for admitting this 'wonderful' jobs report is heavily propped up by government jobs.

We weren't getting COVID recovery jobs in 2024. We had long since recovered the jobs Trump lost in 2020.

I'm not the one who has a problem with government jobs. You are. I think the government carries out necessary functions where there isn't sufficient profit motive for capitalists.

If anything, you should be the one who is angry and disappointed that your jobs report was so heavily dependent on hiring new government employees.
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You know that most of those government employees were state and local... A lot in education... How is that possibly a bad thing?
 
Cypress said:
73,000 of those June jobs were government jobs.
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I didn't see anyone who was bitching and griping and whining and sniveling about a 33,000 job LOSS making any sort of distinctions about the kinds of jobs they were.

Why are you rushing to a double standard?

Cypress said:
Manufacturing and professional services actually lost jobs.
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Do you understand how arithmetic works? If not, I'll explain. The overarching numbers must add up, so if manufacturing and professional services lost jobs, there must have been big gains elsewhere.

I notice you are only mentioning losses and not mentioning any of the big gains. Hmmmmmm.

Cypress said:
Trump has been frantically hiring back a lot of the government employees he fired,
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Nope. Trump has not hired back anybody that he fired.
 
IBDaMann said:
I didn't see anyone who was bitching and griping and whining and sniveling about a 33,000 job LOSS making any sort of distinctions about the kinds of jobs they were.

Why are you rushing to a double standard?


Do you understand how arithmetic works? If not, I'll explain. The overarching numbers must add up, so if manufacturing and professional services lost jobs, there must have been big gains elsewhere.

I notice you are only mentioning losses and not mentioning any of the big gains. Hmmmmmm.


Nope. Trump has not hired back anybody that he fired.
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This is quite the spin job.
 
Cypress said:
Thanks for admitting this 'wonderful' jobs report is heavily propped up by government jobs.

We weren't getting COVID recovery jobs in 2024. We had long since recovered the jobs Trump lost in 2020.

I'm not the one who has a problem with government jobs. You are. I think the government carries out necessary functions where there isn't sufficient profit motive for capitalists.

If anything, you should be the one who is angry and disappointed that your jobs report was so heavily dependent on hiring new government employees.
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Nothing to admit. Mostly state and local education, as teachers' unions are faltering. Not even close to the Biden govt. jobs count.
  • Job Gains Concentrated in Government and Healthcare: The largest gains were in state and local government education sectors, contributing 73,000 jobs. Health care also saw significant growth, adding 39,000 jobs.
  • Federal Government Job Losses: The federal workforce continued to shrink, with a loss of 7,000 jobs in June.
  • Unemployment Rate: The unemployment rate remained relatively steady at 4.1%. This indicates a solid, though perhaps slowing, labor market.
  • Wages and Hours: Average hourly earnings increased by 8 cents (0.2%) to $36.30 in June, a 3.7% increase year-over-year. The average workweek edged down by 0.1 hour to 34.2 hours.
  • Economic Context: The report arrives amidst ongoing economic uncertainty surrounding tariffs and other potential headwinds, according to CBS News. Despite this, the labor market has shown surprising resilience.
 
The US economy has indeed been performing stronger than many anticipated, with several key indicators exceeding expectations. While concerns about inflation and potential slowdowns remain, the overall picture is one of continued growth and resilience.

The Real Economy Blog +2
Here's a more detailed look:
Outperforming Forecasts:
  • GDP Growth:
    .
    The US economy has seen real GDP growth exceeding initial forecasts from organizations like the CBO and Blue Chip Consensus Forecasts. Specifically, real GDP has grown more than predicted by the CBO and Blue Chip Consensus Forecasts.

  • IMF Upgrades:
    .
    The International Monetary Fund (IMF) has upgraded its growth forecast for the US, indicating a positive outlook for the economy.

  • Goldman Sachs Research:
    .
    Goldman Sachs Research also predicts the US economy will grow by 2.5% on a full-year basis, surpassing the consensus forecast of 1.9%.

  • World Bank Upgrades:
    .
    The World Bank has also increased its global economic growth forecast, largely due to the strong performance of the US economy, which is projected to expand by 2.5%.
Factors Contributing to Strength:
 
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