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Economy
Related: About this forumRecently discovered numbers, secret until now, show that 1.5 million jobs created under Biden did not exist.
Recently discovered numbers, secret until now, show that 1.5 million jobs created under Biden did not exist.
Right.
Trump defends the US economy with charts after job reports showed warning signs
Associated Press Economics Writer Joshua Boak. (AP Photo/J. David Ake)
BY JOSH BOAK
Updated 5:37 PM EDT, August 7, 2025
WASHINGTON (AP) President Donald Trump unexpectedly summoned reporters to the Oval Office on Thursday to present them with charts that he says show the U.S. economy is solid following a jobs report last week that raised red flags and led to the Republican firing the head of the Bureau of Labor Statistics.
Joining Trump to talk about the economy was Stephen Moore, a senior visiting fellow in economics at the Heritage Foundation, a conservative think tank, and the co-author of the 2018 book Trumponomics. Flipping through a series of charts on an easel, Moore sought to elevate Trumps performance as president and diminish the economic track record of former President Joe Biden. Trump stood next to Moore and interjected with approvals.
The moment in the Oval Office spoke to the presidents hopes to reset the narrative of the U.S. economy. While the stock market has been solid, job growth has turned sluggish and inflationary pressures have risen in the wake of Trump imposing a vast set of new tariffs, which are taxes on imports.
Moore said he phoned Trump because he put together some data that shows he was correct to dismiss Erika McEntarfer as the head of the BLS. He noted thats because reports from the BLS had overestimated the number of jobs created during the last two years of Bidens term by 1.5 million.
{snip}
Associated Press
199 Likes
22,145 Views
Aug 7 2025
Watch live as President Donald Trump delivers remarks as higher import taxes on dozens of countries go into effect.
Associated Press

SheltieLover
(72,976 posts)
mahatmakanejeeves
(66,375 posts)Stephen: the word youre looking for is median, not medium.
And good evening.
Hugin
(36,796 posts)

Lovie777
(19,821 posts)because shitholes reality is non and void.
When reality hits and its hitting now shithole and the GQP are starting to become burnt toast.
chicoescuela
(2,237 posts)It wont matter next year. The fix is in already
CincyDem
(7,185 posts)People are going hear the economy is great from their Oracle. But theyre going to look around their neck of the woods and its going to be shite. Instead of wondering if the Oracle is wrong, theyre going to believe its great somewhere else. Somebody else is getting all the benefits of a growing economy and its probably those libs in the cities
time to go mess that up.
Its just another vector for him to mine for hate. Hes like a fing pig to truffles when it comes to mining hate.
bucolic_frolic
(52,001 posts)The Fed is expected to cut rates in September, though inflation could adjust that. But lowering interest rates is the Fed's signal we are in recession. Going to be a very bleak winter. Very. Can you feel it in the supermarkets? Stock outs on popular items, rollbacks on slower moving items. Aldi really hit the skids this week when I was there.
unblock
(55,555 posts)The first numbers that come out are incomplete and estimated; they are later revised when more data comes out and they and they can be more accurate about the results.
She was fired based on the recent downward revisions because Donnie felt that made him "look bad". Now they're justifying firing her because the exact same process with the exact same results -- higher job numbers first, lower jobs numbers later when revised -- made biden "look good".
I'm guessing there are systemic reasons why the revision is normally down, and I'm also guessing that budget cuts will make these revisions even larger as the initial estimate will be even more inaccurate.
Bernardo de La Paz
(57,666 posts)unblock
(55,555 posts)I can see this as plausible. I figure companies with stable headcount find it easiest to respond, and companies that are hiring probable have a good handle on the increase.
But companies going through layoffs are often chaotic and they have fewer people to do at least as much work, and responding accurately and quickly to a jobs survey is probably pretty low on the priority list.
But I'm just guessing.
Midnight Writer
(24,506 posts)How do these incompetent nincompoops gain positions of influence?
Look at Loomer, Fuentes, Vance, Ka$h Patel, Tim Poole, Benny Johnson, Dave Rubin, Trump himself.
These are nonsense people, with no expertise and no end to their bullshit.
msongs
(72,145 posts)dweller
(26,987 posts)still have the skids marks from when heritage cucks pulled them from our asses
.
✌🏻
gab13by13
(29,455 posts)dweller
(26,987 posts)Heritage has had these numbers to mull over since 2022-2023 and they have only NOW found the NEW numbers , totally new NUMBERS never seen before .
There are new numbers like Quon which represents minute vast sums , like the tariffs NOW coming in , and that new number Epstein which is a hoax , totally made up by the crooked sleepy Biden
BTW, what was Project 2025s stance on tariffs ?
(they should be eliminated to ease up on the consumer) and the Pisswig seems to have gone totally off script
So here comes Stove Moone to freshen up the failing front of their fascist playbook 2025 with totally NEW numbers , never seen before, before the Epstein and Quons can sink the plan lower than Pisswigs ratings .
And if anyone knows rightwing bs better than Stiv Moose , he hasnt been brave enough to come forward till now
✌🏻
SheltieLover
(72,976 posts)
Farmer-Rick
(11,954 posts)But I got to say the numbers put out by the BLS are really hard for an average person to make sense of.
Look back at 2007 and 2008 where the BLS claimed our highest unemployment rate was 10.8%. What???? During COVID-19 the highest unemployment rate was only 14.8%? How can that low number affect anything? Every working person I knew lost their job at least temporarily. They lost their jobs and couldn't find a new one and it was only 10.8% or 14.8%. In fact Congress was so worried about a measly 10.8% unemployment they authorized 99 weeks of unemployment benefits.
That's crazy low in most people's minds. Heck there are countries that are always at 10% unemployment. The average person is not experiencing what the BLS claims.
Right now it's supposed to be 4% unemployment even before pedo Trump was tiptoeing through the numbers. How can that be? People are getting fired left and right. Jobs are disappearing as we post.
Yeah, there are all sorts of explanations for those numbers that did/do not match people's experiences. But the BLS is not a good indicator of what Americans are experiencing in the job market.
So, most Americans are just going to shrug when pedo Trump diddles the numbers to make it look like we have a functioning economy because they think the fix was in already.