Trump's America: 0 Job Growth in September
(www.foxbusiness.com)
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Oh no! Line not go up!
Most "job creation" in the last five years has been a combination of worthless government positions and illegal immigrants. There are plenty of things to criticize Trump for but "zero job growth" isn't one of them.
The BLS also counts one guy working three jobs as three jobs created.
Don't forget dead end mcjobs that aren't worth having. Those made up the vast majority of new jobs created during the Bathhouse Barry days.
Notably lacking in the doom and gloom are critical metrics like labor participation rate. Among many other things.
This article is basically just a trap to see who is economically illiterate.
Economy is fucked and has been for a long time. We've been barely treading water since the 2008 crash. There's virtually no chance that we don't get out of this without a complete collapse of the US dollar.
If you want to try to pin it on Trump, you're retarded. He hasn't been able to make it better, but probably nobody else could have either. And at least he's no Barack "those jobs aren't coming back, but we need infinity immigrants to do the ones that are still here" Obama.
That's the impression I get, although the pre-2008 labor market was before my time so I don't have any first hand experience. I can tell you that people who started their careers before that point have no fucking clue what things have been like since. Employers started viewing the hiring process as a way to hand out corrupt favors to their cronies and that mentality never went away even after the economy "recovered". The only people left who think that employers give a fuck about skills and aptitude either started their career decades ago or benefited from the cronyism and have the self awareness of a woman.
Or got exceedingly lucky
Tariffs probably impede overall economic growth while increasing the number of good jobs. It's a trade-off.
Doesn't this data count government layoffs as negative job growth? How would this report look if we didn't count those?
Unironically, this is great for stocks. Due to leverage being so high all that matters right now is lower rates, and bad job numbers are an excuse to lower rates.
Meanwhile working class like me are looking for ways to cut expenses everywhere possible at the moment. Been having serious conversations with the spouse about how to cut more.
The stock market has been huffing the rate cut copium since 2022. All of that shit has been priced in and hasn't been corrected since. Nothing short of AI discovering infinite energy will make these retarded valuations make sense.
And Europe is ruled by such chumps that we gave away everything in negotiations, when Trump needed a deal more than we did. SAD!