Trump Economy Loses 23 THOUSAND JOBS in July

[NJPSU]

Golden Age!

 

[Huey Grey 2]

Trump has only averaged 34k jobs a month the last 12 months. Plus the labor participation rate is the lowest it's been in 5 years.

Trump's economy is just as broken as his war with Iran.

 

[Huey Grey 2]

Since Trump has become president, he has only added 221k jobs total. Since the beginning of his second term. That's absolutely pitiful.

I sure hope voters wake up and realize that Trump and the Republicans are bad for their pocketbooks and vote these morons out in November.

 

[Scrubby]

Trump has only averaged 34k jobs a month the last 12 months. Plus the labor participation rate is the lowest it's been in 5 years.

Trump's economy is just as broken as his war with Iran.

100% of job growth has been private sector and for american citizens. Shrinking the federal workforce to its lowest level in decades was a massive Trump W. Biden and dems wasted tax payer money to create unnecessary government jobs to fudge the data. Trump is doing great, and the working class is taking home more money than ever.

 

[NJPSU]

Sometimes the economy just has cycles and you can’t necessarily blame a President, however in Trump’s case his tariffs and disastrous war with Iran are 100% responsible for tanking the economy and raising prices.

 

[Huey Grey 2]

View attachment 1386402

100% of job growth has been private sector and for american citizens. Shrinking the federal workforce to its lowest level in decades was a massive Trump W. Biden and dems wasted tax payer money to create unnecessary government jobs to fudge the data. Trump is doing great, and the working class is taking home more money than ever.

Both May and June were revised down, too. We have 100k+ less jobs than we thought over the last 3 months. The report is actually way worse than just the July numbers. Trump has a massive problem on his hands.

 

[Scrubby]

Both May and June were revised down, too. We have 100k+ less jobs than we thought over the last 3 months. The report is actually way worse than just the July numbers. Trump has a massive problem on his hands.

Massive Trump W (there are still 50k more jobs to cut at least though)

 

[jimneffer]

Golden Age!

here's the actual report:

Employment Situation News Release - 2026 M07 Results

www.bls.gov

there are 963,000 fewer people employed today than 1 year ago

 

[tarheelbybirth1]

 

[NJPSU]

 

[St. Louis Hawk]

Pretty soon the only Trump defenders will be the guy who thinks that Obama is surrendering to the DOJ because he’s gonna be indicted, the guy hung up on trans persons, and 40 of Ryan’s alts.

Tariffs - self-inflicted wound
Iran war - US worst military strategy defeat
Deficit - highest burn rate in US history

Trump - least popular President ever at this point in his term

MAGA!

 

[Huey Grey 2]

Wage growth is anemic, too. It's been steadily dropping all spring and summer. Bad numbers all around. This war and tariffs are killing us.

 

[fatpiggy]

Sometimes the economy just has cycles and you can’t necessarily blame a President, however in Trump’s case his tariffs and disastrous war with Iran are 100% responsible for tanking the economy and raising prices.

100% we will revisit this post in october just before the election and when the print is good you will say they are manipulated.

 

[Knickslions69]

Thanks Don. At least the market is high

 

[fatpiggy]

Pretty soon the only Trump defenders will be the guy who thinks that Obama is surrendering to the DOJ because he’s gonna be indicted, the guy hung up on trans persons, and 40 of Ryan’s alts.

Tariffs - self-inflicted wound
Iran war - US worst military strategy defeat
Deficit - highest burn rate in US history

Trump - least popular President ever at this point in his term

MAGA!

And still better than the Democrat admin.

 

[fatpiggy]

Thanks Don. At least the market is high

The market sold off long ago, on the incorrect assumption that rates would go higher.

 

[NJPSU]

 

[Fac]

How's your 401k NJ? Thank you PRESIDENT TRUMP.

 

[fatpiggy]

Seems like we should lower interest rates. What is the Fed's mandate? Low inflation (check) and full employment.

We went from expectations of 3 rate hikes this year to now only a 40% chance of 1 rate hike this year. Maybe Trump was right after all!!!!

 

[fatpiggy]

In before libs call the September rate cut election interference. You heard it hear first.

 

[St. Louis Hawk]

And still better than the Democrat admin.

Is the sky blue in your world?

The strait was open under Biden.
There was no risk of paying fees to Iran.
We had open inspections of Iran nuclear.
We weren’t running a 2 trillion deficit.
Biden turned over economy that The Economist called “the envy of the world.”
GDP was higher under Biden.
Job growth was higher under Biden.
No tariff wars.
No government investment in free market.

 

[bdgan]

Golden Age!

Losses were in government jobs. Manufacturing and construction jobs were up. Unemployment rate fell to 4.1%.

 

[Huey Grey 2]

Healthcare is probably the strongest sector of this report And even it's numbers are below average. Government hiring is terrible. Private sector hiring is terrible. There's no silver linings in this report. Even the unemployment rate is misleading since a lot of people are simply dropping out of the labor market.

 

[Scrubby]

Healthcare is probably the strongest sector of this report And even it's numbers are below average. Government hiring is terrible. Private sector hiring is terrible. There's no silver linings in this report. Even the unemployment rate is misleading since a lot of people are simply dropping out of the labor market.

"Government hiring is terrible" is actually incredibly awesome lol

 

[NJPSU]

Losses were in government jobs. Manufacturing and construction jobs were up. Unemployment rate fell to 4.1%.

 

[pjhawk]

Losses were in government jobs. Manufacturing and construction jobs were up. Unemployment rate fell to 4.1%.

JFC you people.

 

[St. Louis Hawk]

Labor participation rate down again last month.

 

[fatpiggy]

Is the sky blue in your world?

The strait was open under Biden.
There was no risk of paying fees to Iran.
We had open inspections of Iran nuclear.
We weren’t running a 2 trillion deficit.
Biden turned over economy that The Economist called “the envy of the world.”
GDP was higher under Biden.
Job growth was higher under Biden.
No tariff wars.
No government investment in free market.

Biden - 9% inflation. The highest in 50 years. Tried to pass BBB when inflation was 6%+. Inflation only came down because they released oil from the SPR just before the election. Their green energy policies and social welfare programs are massively inflationary.

Iran was considered a threat, even by Democrat Administrations. I agree the war is unpopular, but a threat has been removed for the foreseeable future.

Neither side has acceptable polciies on the deficit in my book. (I'll give Clinton credit here)

The Biden economy was far from the envy of the world. That is laughable. It was full of fraud, fat, and inflation. 9%. Additionally, the economy and inflation was the #1 issue in the election and Democrats lost in a landslide. They lost the electoral college, the popular vote, and all 7 swing states. Saying the Biden economy was the envy of the world after losing on that very issue seems a bit tone deaf.

The tariffs, while possibly inflationary, inflation is still much lower than under the Biden regime.

I can understand Government not investing in free market (like Trump Intel). But at the same time, i think social security funds should be invested in the free market.

 

[dgordo]

we have now lost nearly 100k manufacturing jobs in trumps second term

 

[fatpiggy]

"Government hiring is terrible" is actually incredibly awesome lol

That's a feature, not a bug

Also a feature

 

[Fac]

The Sky is Falling

 

[jimneffer]

Losses were in government jobs. Manufacturing and construction jobs were up. Unemployment rate fell to 4.1%.

Employment Situation News Release - 2026 M07 Results

www.bls.gov

scroll all the way down to the bottom of table B1 - nearly all of government jobs lost were "local government education"

so...teachers

you're saying the silver lining - the hidden great news - of this overall bad jobs report is that there are lot fewer teachers?

 

[bdgan]

Sometimes the economy just has cycles and you can’t necessarily blame a President, however in Trump’s case his tariffs and disastrous war with Iran are 100% responsible for tanking the economy and raising prices.

You claimed that Trump was tanking the economy long before the war. The fact is the economy is reasonably strong. Total payroll employment is at an all-time high and the unemployment rate is only 4.1%. I think that's a very good result considering that $3.5 trillion of Biden's above and beyond spending has largely expired.

There are certainly some bad things with the economy. Affordability is still a problem and some people are losing jobs because of AI. But saying that's all due to Trump is ridiculous. Most of the affordability problems took hold when Biden was president.

I don't think tariffs have had much of an impact on our economy. I'm sure that some portion of the tariffs got passed along to consumers but the biggest concerns are healthcare, housing, and groceries. Those areas are only minimally impacted by tariffs because they're produced domestically.

The one area where we would agree is the war. IMO it was a dumb idea from a political standpoint for Trump to do this so close to the election. That said I wouldn't approve of the war even after the election. It's clear that Trump didn't have a good exit strategy just like it's clear that we didn't have an exit strategy for the $200 billion we've spent in Ukraine. To be clear I absolutely consider Iran a threat. I just don't think we can afford to be the world's police.

 

[OnlyTheObscure]

With AI this will soon be called a good month.

 

[Finance85]

Both May and June were revised down, too. We have 100k+ less jobs than we thought over the last 3 months. The report is actually way worse than just the July numbers. Trump has a massive problem on his hands.

Trump's massive problem is the man in the mirror. Unfortunately for the country, one of Trump's obsessions is Fed interest rates, and Trump actually believes that higher unemployment helps him.

 

[Riveting]

Is the sky blue in your world?

The strait was open under Biden.
There was no risk of paying fees to Iran.
We had open inspections of Iran nuclear.
We weren’t running a 2 trillion deficit.
Biden turned over economy that The Economist called “the envy of the world.”
GDP was higher under Biden.
Job growth was higher under Biden.
No tariff wars.
No government investment in free market.

Open inspections of Iran nuclear? Where did you come across that fantasy?

 

[nytigerfan]

Biden - 9% inflation. The highest in 50 years. Tried to pass BBB when inflation was 6%+. Inflation only came down because they released oil from the SPR just before the election. Their green energy policies and social welfare programs are massively inflationary.

Iran was considered a threat, even by Democrat Administrations. I agree the war is unpopular, but a threat has been removed for the foreseeable future.

Neither side has acceptable polciies on the deficit in my book. (I'll give Clinton credit here)

The Biden economy was far from the envy of the world. That is laughable. It was full of fraud, fat, and inflation. 9%. Additionally, the economy and inflation was the #1 issue in the election and Democrats lost in a landslide. They lost the electoral college, the popular vote, and all 7 swing states. Saying the Biden economy was the envy of the world after losing on that very issue seems a bit tone deaf.

The tariffs, while possibly inflationary, inflation is still much lower than under the Biden regime.

I can understand Government not investing in free market (like Trump Intel). But at the same time, i think social security funds should be invested in the free market.

On your comments, SPR, that is FALSE. Biden spent all of 2024 rebuilding the SPR. Trump continued that for 2025, then this year started releasing more. Actually, it's Trump who's releasing oil from the SPR right before an election.

U.S. Ending Stocks of Crude Oil in SPR (Thousand Barrels)

 

[NJPSU]

You claimed that Trump was tanking the economy long before the war. The fact is the economy is reasonably strong. Total payroll employment is at an all-time high and the unemployment rate is only 4.1%. I think that's a very good result considering that $3.5 trillion of Biden's above and beyond spending has largely expired.

There are certainly some bad things with the economy. Affordability is still a problem and some people are losing jobs because of AI. But saying that's all due to Trump is ridiculous. Most of the affordability problems took hold when Biden was president.

I don't think tariffs have had much of an impact on our economy. I'm sure that some portion of the tariffs got passed along to consumers but the biggest concerns are healthcare, housing, and groceries. Those areas are only minimally impacted by tariffs because they're produced domestically.

The one area where we would agree is the war. IMO it was a dumb idea from a political standpoint for Trump to do this so close to the election. That said I wouldn't approve of the war even after the election. It's clear that Trump didn't have a good exit strategy just like it's clear that we didn't have an exit strategy for the $200 billion we've spent in Ukraine. To be clear I absolutely consider Iran a threat. I just don't think we can afford to be the world's police.

Reasonably strong?

1.5% GDP growth last quarter
3.5% inflation rate
NEGATIVE 23,0000 jobs created

That’s a pretty low bar for reasonably strong.

 

[bdgan]

Massive Trump W (there are still 50k more jobs to cut at least though)

The same people who criticize Trump for reducing Federal government jobs are the same people who didn't have a problem when Clinton eliminated 400,000 federal jobs.

 

[hopefultiger13]

Golden Age!

1. This is obviously FAKE NEWS. After all, didn't Trump have to fire the guy that used to do the jobs report for giving fake numbers? Sure he replaced him with a hand picked guy, but OBVIOUSLY this guy is Deep State too. Trump needs a guy to post the REAL numbers, which of course would make Trump look good.

2. This is obviously Biden's (and possibly Obama's) fault. After all, didn't Trump tell a reporter recently that all the good parts of the economy were b/c of him and the bad parts were b/c of Biden? This report is obviously a Bad Thing, so WHO'S fault is it? Biden's.