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Strongest #JobGrowth in More Than a Year?
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That’s the headline. But it’s not the story.

The story is in the walk‑back: what was trumpeted as 584,000 new jobs in 2025 has now been cut down to just 181,000 for the entire year.

That’s not a revision. It’s an audit of fantasy.

An #economy of 330 million people effectively spent a year standing still, averaging about 15,000 #jobs a month, the weakest hiring outside a recession since 2003.

https://www.wsj.com/economy/jobs/january-jobs-report-unemployment-b703b0e3 #jobreport #jobsreport

@[email protected] @briansullivan

Some numbers don’t add up

First 147.000. Really 47 ( why not
454700)

Second increase in gov jobs ? With all their cuts and Really in education ( the gov hires teachers in June now )

#usa #JobReport

#biden #Bidenomics #jobreport #unemployment #trump

Good job President Biden.

“April marks the 27th consecutive month that the jobless rate has held under 4%, matching a streak last seen in the late 1960s.”

https://amp.cnn.com/cnn/2024/05/03/economy/april-jobs-report-final

#biden #Bidenomics #jobreport #jobs #economy

“America’s employers delivered another healthy month of hiring in February, adding a surprising 275,000 jobs and again showcasing the U.S. economy’s resilience in the face of high interest rates.

Last month’s job growth marked an increase from a revised gain of 229,000 jobs in January. At the same time, the unemployment rate ticked up two-tenths of a point in February to a still-low 3.9%. Though that marks the highest rate in two years, it was the 25th straight month in which joblessness has remained below 4%.”

https://apnews.com/article/96162ff805670eb19a44cdf67fa20e3e

Downgrade is a shock
But job reports show progress
Markets stay optimistic

#usdowngrade #jobreport #economy #markets #haiku #poetry

https://www.cnn.com/2023/08/03/economy/july-us-jobs-report-preview/index.html

Expected: 185,000 jobs.

Added: 517,000 jobs.

If this is the tradeoff for adding ~4-5% inflation after an economic crisis (on top of transitory inflation), then let's do it all the time.

I'd much rather have real wage growth than low nominal prices.

#economics #Jobs #JobReport