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TheCatt wrote: ↑Sat Jul 05, 2025 8:36 am

TheCatt wrote: ↑Wed Jul 02, 2025 8:32 pm The private sector lost 33,000 jobs in June, badly missing expectations for a 100,000 increase, ADP says

The country added 147,000 jobs in June, the Labor Department reported Thursday, above the gain of 110,000 jobs economists polled by The Wall Street Journal had expected.

The unemployment rate fell to 4.1% from 4.2%.

Revisions showed that hiring was stronger in prior months than previously thought. The number of jobs added in April and May was a combined 16,000 higher than prior estimates. Job growth was heavily concentrated in state and local government and in healthcare.

Hmmmm

Job growth totaled 73,000 for the month, above the June total of 14,000 but below even the meager Dow Jones estimate for a gain of 100,000. June and May totals were revised sharply lower, down by a combined 258,000 from previously announced levels

Cakedaddy wrote: ↑Fri Aug 01, 2025 10:04 am Who the fuck doesn't know how to count? "We added jobs! Wait, no we didn't, we lost a fuck ton." I mean, college commitments are more reliable than who ever figures this shit out. So, we trust that -258k is the real number?

TheCatt wrote: ↑Fri Aug 01, 2025 9:23 am the June total of 14,000

26,000 U.S. manufacturing jobs lost in May and June

U.S. manufacturing contracted for a fifth straight month in July and factory employment dropped to the lowest level in five years amid tariffs that have raised prices of imported raw materials.

The Institute for Supply Management (ISM) said on Friday that its manufacturing PMI dropped to 48.0 last month from 49.0 in June. A PMI reading below 50 indicates contraction in manufacturing, which accounts for 10.2% of the economy.

Leisher wrote: ↑Thu Jul 31, 2025 2:43 pm Trump is bringing back the Presidential Physical Fitness test.

This I actually agree with as we're a country of fat fucks. Although, I look forward to all the liberal white women complaining about how it discriminates against minorities.

Leisher wrote: ↑Tue Aug 05, 2025 11:04 am I don't get it.

Leisher wrote: ↑Tue Aug 05, 2025 1:54 pm Ah. I did not know that about Cleveland. I only know Taft got stuck in the tub.

Trump is our most out of shape president since...Taft?

TheCatt wrote: ↑Tue Aug 05, 2025 2:41 pm Trump needs to re-introduce the fitness test by taking it.

Leisher wrote: ↑Tue Aug 05, 2025 3:40 pm The biggest red flag for me was when they gave themselves a 6 month deadline. WTF was that? You have four years. Take your time and really investigate this shit.

Headlines are indeed eye-popping. Already at roughly $30 trillion and 100% of GDP, publicly
held federal debt is expected to shoot even higher (Exhibit 1B, blue dotted line). Among
advanced economies, only Japan and Italy carry higher debt relative to GDP, and both have
experienced long-run economic stagnation. With no appetite for fiscal austerity, an aging
population, and a higher interest rate environment, budget deficits are seen staying around
5.5% of GDP. Interest expense alone accounts for 50% of the deficit and is seen at 70%, or
$1.8 trillion, by 2035. A drop in appetite for Treasury debt would raise rates and push
interest expense even higher, setting the country on an unsustainable debt path.

However, investors were left feeling disappointed after July’s producer price index reading indicated that such a rate cut is far from guaranteed. Wholesale prices rose 0.9% on the month, much more than the 0.2% economists polled by Dow Jones were expecting. The index had come in flat in June. Wholesale prices can be a leading indicator for consumer prices.