US Hits Highest Layoffs Since COVID

[ncguy]

Correct, they climbed due to over-spending by the government (Thanks Trump and Biden). Tariffs are just the boogey man of today, which likely wouldn't even be a discussion point if we didn't have the inflation, high interest rates, and loss of jobs (which I think is a feature, not a bug)

No Tariffs like Trump's are stupid no matter what

 

[roberthughey]

So that makes it good news?

It shows the numbers are on average are not much different then in past July's

This is an over blown op by someone who thinks they understand economics.

 

[Argent]

tRump will sue the firm because he won't like the data.

 

[Showtime586]

Unemployment helps keep inflation down. Always a silver lining.

Then why were you cussing and moaning about unemployment when Biden was in office?
Is engaging in laughable hipocrisy a prerequisite for inclusion in the Maga cult?

 

[Ishm]

Trumps random management style (if you can call it management?) has negatively impacted both consumer and business confidence. That means that businesses are both reluctant to hire, and are also more likely preparing themselves for a pending recession, rather than looking to prepare for rapid expansion. That is bad news for jobs. Despite Trumps election time promises to the maga faithful of instant economic gratification if elected, virtually everything of substance that he has done is predicated on more distant, future gains, that are in effect the new promises to replace the instant gratification ones that he has failed to deliver. In other words, forget that I am failing now, just look at the shiny objects in the future. And if I fail to deliver those, I can just create more shiny objects even further into the future.

A drop in the Fed rate would normally stimulate more private borrowing, which increases demand for businesses products and services, as well as maybe lowering the govts borrowing costs and interest payments. If the Fed does lower in September I don't expect a massive drop, but it might trigger some expansion in the construction industry due to pent up residential demand. I am not so sure that we will get a lot more out of consumers given the inflationary pressures they are feeling, and the lack of confidence in Trumps economic policies. Unless we see a rapid decrease in inflation due to recessionary pressures, I can't imagine a lot of businesses suddenly seeing a rate drop as a signal to start more investment, even if they are OK with recessionary signals. Whether we see a significant change in the Fed borrowing rate is very uncertain to me. I don't feel that US bonds hold the same attraction as they might have pre-Trump.

 

[TobyOne]

Find a post where I did that. Bye.

Then why were you cussing and moaning about unemployment when Biden was in office?
Is engaging in laughable hipocrisy a prerequisite for inclusion in the Maga cult?

 

[Hatuey]

The only good news for Biden is that unemployment, so far, hasn't spiked. Stay tuned.

Then why were you cussing and moaning about unemployment when Biden was in office?
Is engaging in laughable hipocrisy a prerequisite for inclusion in the Maga cult?

Unemployment helps keep inflation down. Always a silver lining.

Lmao, losing jobs, nobody cares except people without jobs! Also, unemploment going up is bad news for Biden with inflation. It is a silver lining now that we are under Trump with inflation!

Weeeeeeeeee.

 

[Airyaman]

Since I dont melt down, it cant be projection. It could just be that you libs melt down over everything

Ok, your own article gives explanations for that that doesnt point the finger at Trump.

Who was pointing fingers at Trump?

 

[Showtime586]

Find a post where I did that. Bye.

So, you have never engaged in Trump/Biden/ Obama hipocrisy posts? If not, I stand corrected. If not, you are likely the only DP Maga that hasn't.

 

[Airyaman]

Related:

 

[yankintx]

Yikes. We may not be in a recession, but there are red flags going up everywhere, but most obvious is the job market. Outside of healthcare, no one is hiring. And now it seems alot of companies are also firing.

US hits highest layoffs since COVID

Layoffs in the U.S. have hit their highest levels since the COVID-19 pandemic, driven by government cuts, restructuring and AI.

www.newsweek.com

Is this the Golden Age Trump promised ?

 

[Linc]

Who the **** is reporting those numbers!? Someone needs to be fired. Everything is fine.

Someone should also tell Lutnick he’s NOT in charge of the Census, trump is.

 

[Airyaman]

Also related:

 

[Cope]

No Tariffs like Trump's are stupid no matter what

Which explains why every other country has them ...

Your argumentation from a 'Trump sucks' POV, could use some work. He very well may, but relying on him to be the catch all for everything bad makes you look not very intelligent.

 

[upsideguy]

It's going to be fun watching Trump celebrate a rate drop based on lousy job numbers.

Not a problem.... just stop reporting job numbers...

Unemployment helps keep inflation down. Always a silver lining.

....yes, but it also holds down GDP growth (not much consumer confidence when you are not working) and pushes up government spending (unemployment insurance) and the deficit (lower tax revenue from unemployed works and a general business slowdown). Its an economic "eco-system".... mess with one part of it you have adverse consequences on another part. Its tricky keeping it all in sync.