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progree

(12,240 posts)

8. The payroll job growth numbers were ALL POSITIVE!, and grew 284% over the last 2 months, MAGA!

Reply to BumRushDaShow (Original post)

Sun Aug 3, 2025, 06:18 PM

Aug 3

Why anyone would call this bad, I don't know. It is astounding positive growth!

Monthly changes (in thousands): https://data.bls.gov/timeseries/CES0000000001?output_view=net_1mth
May: +19 THOUSAND!!!
June: +14 THOUSAND!!!
July: +73 THOUSAND!!!

July/May = 73/19 = 3.84 fold (that's a 284% increase) in the monthly job growth rate, in JUST 2 MONTHS

end sarc

==================================================
The separate Household Survey's Employed numbers were even worse in the last 3 months, monthly changes in thousands:
(696) 93 (260)
parentheses denote negative numbers
http://data.bls.gov/timeseries/LNS12000000?output_view=net_1mth

==================================================
The Black unemployment rate (7.2%) is the worst since the pandemic-era October 2021
It was 6.2% in January. Latest (July) : 7.2%. That's quite a climb in just 6 months.
https://data.bls.gov/timeseries/LNS14000006
Didn't Trump ask Black people, during his campaign, "What have you got to lose"?

Many more links: https://www.democraticunderground.com/10143505265#post17

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mahatmakanejeeves

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A person of knowledge, class, and distinction Prairie Gates Aug 3 #6

The payroll job growth numbers were ALL POSITIVE!, and grew 284% over the last 2 months, MAGA! progree Aug 3 #8

Every time one of these Trump idiots opens their mouth they show that nobody in this administration has any clue about Wiz Imp Aug 3 #9

Needed to add - unlike what this idiot Hassett said, monthly revision to the data are NOT corrections. Wiz Imp Aug 3 #10

Sampling error per BLS technical note. And non-sampling error progree Aug 3 #12

So those revisions for May and June were pretty much within the 90% confidence interval. Wiz Imp Aug 3 #14

Thanks, I ETA'd my #12 above nt progree Aug 3 #15

Biggest Job Revisions Since 2020 Expose Pitfall of Economic Data progree Aug 3 #11

As I mentioned on Friday, large monthly revisions are often a sign of a turning point in the economic cycle. Wiz Imp Aug 3 #13

"Reacts" feels like a stretch. maxsolomon Aug 4 #16