3d ago

'The worst in quite some time': Trump hit by bad news as latest job numbers shock

www.rawstory.com

Analysts were left shocked Wednesday after ADP released its latest jobs report that showed private employers had shed 32,000 jobs in September, a stark contrast to the expected gain of around 50,000 jobs.

The latest job numbers follow a wave of bad economic news for Trump, who raged against previous reports that showed a sharp decline in job growth, going as far as to call job numbers coming out of his own administration “rigged,” and firing the BLS chief in retaliation.

39 comments

That's how it's worked since Reagan fucked everything up.
Republicans break shit. Dems shore things up so it doesn't collapse. Republicans get in and fuck every thing up again.
Repeat until inevitable collapse.
Nothing ever gets better as a rule. Steady unaltered decline that plateaus while dems are in control
- It's called the Two Santa Strategy https://www.milwaukeeindependent.com/featured/two-santas-strategy-republicans-use-saint-nicholas-scrooge-shift-economic-messages/
  
  They stimulated the economy with a sort of sugar high, making people think that the GOP can produce a good economy;
  Except Trump's #1 isn't working that way this term. He is ruining the economy fast.
- Except Democrats won't be in control for quite a while now.
- yeah I really can't see the pattern getting very much further. Covid sorta rescued trump1.
I thought they had stopped gathering reports and just made stuff up?
Are there still some people out there doing actual work that he hasn't gotten rid of yet?
- Sounds like this is from ADP, the company a lot of others use to process their payroll.
- Sounds like this is from ADP, the company a lot of others use to process their payroll.
- The new guy had published the real revision numbers but had tried to make it look like they actually happened under Biden
If they were shocked, they haven’t been paying much attention.
lol gain? what moron thought there'd be a fucking gain?
- This'n
Sounds a like a good reason for less than 30% of the country to elect another republican while telling the country the silent 70% are enemies…
I mean the GeNoCiDe isn’t so much, those folks will gladly allow in genocidal republicans…
So let’s be clear, when push comes to shove a genocidal republican is always the better push than any one else for some reason… dems aren’t left enough, rights are bad enough… everyone keeps complaining while the republican with the worst ever ratings keeps claiming the most ever power… real good resistance you got going on here…
A shock poll? Or a minor bug in the windshield of fascist dysfunction that purity testing horse shit fueled left wingers only seem to empower and not check…
UPI report on same
ADP also revised its August numbers -- from an increase of 54,000 jobs to a drop of 3,000.
"oh yeah that, sorry, NOT an increase of fifty-four thousand jobs. . lessee . . . ahhh . ah here we go: a drop by three thousand."
- Just to note because I misread at first...
  The revision to -3000 is for the August numbers.
  The -32,0000 is for September.
  So a net loss of ~35,0000 jobs in the past two months.
  
  And the September numbers aren't final yet, it usually takes a few months for the all the data to be collected and analysed.
Keep pumping billions into AI. I’m sure it’ll fix the numbers.
- I've been watching not only people get laid off openly because of AI in my company, but also the leaders talk about it like it's a wonderful thing for everyone. I've been asked many times to look into AI tools and see if they can do my own job.
  It's fucking so messed up. I fucking hate people who think these tools can replace people.
  
  Not just because the tools are inadequate, but people making a living besides bussing tables for the 1% isn't sustainable without UBI. In the US, we can't even get fucking free healthcare, there is no way we'll get UBI in our lifetimes.
- That's the only thing keeping the major stock market indices up at this point. Once that bubble pops, everything is going to plummet
- I wonder what the used server market is going to look like a few years from now. They just keep throwing hardware at it
  
  Used part sales? 🤞
I would think that the american public is hit by the bad news, not Trump.
"It's a great time to buy on Wall Street! Everyone's saying it"
- It feels like the last six months there's always been bad economic news, but then the stock market rises anyway and the reported reason is that the news "wasn't as bad as expected".
I mean, if companies get hit by tariffs and amazingly decide to not pass on the costs to consumers as much as they could, of course there will be jobs lost. Something's gotta give.
Who is he going to fire over this one?
- Hopefully himself, that's the most effective way to solve the problem.
- I get that's a joke but I would expect retribution against ADP
  
  Keep shooting messengers and there won’t be any in no time.
Time to fire some more statisticians.
He must be thrilled! The worse things get, the more desperate people become. The more desperate people become the more likely they are to buy into his rhetoric. The more they buy in the more likely they are to be the violence he needs to hold power.
It is the fascist "If you give a mouse a cookie."
But he fired the messenger!

39 comments