Job Growth Slows Sharply Steep Revisions to Prior Months

Saturday, August 02, 2025

Nonfarm payroll growth was slower than expected in July and the unemployment rate ticked higher, raising potential trouble signs for the U.S. labor market.

Posted by qcp at 10:32 AM | 24 COMMENTS | permalink

"This is the worst economic jobs report since the end of the pandemic." - CNN

[image or embed]
-- George Conway (@gtconway.bsky.social) Aug 1, 2025 at 3:16 PM

Comments

More: "Today's report adds weight to signs of a slow but persistent cooling trend. While the labor market is not in crisis, hiring momentum continues to soften, and pressures are beginning to build," said Ger Doyle, North America regional president at Manpower Group.

#1 | Posted by qcp at 2025-08-01 08:56 AM

US adds 73,000 jobs, trailing estimates
Payrolls for prior month revised sharply downward
Jobless rate rises even as more leave workforce
Treasury yields slide; stock futures fall

www.bloomberg.com

www.bls.gov

#2 | Posted by TrueBlue at 2025-08-01 09:15 AM

Source: www.nytimes.com

#3 | Posted by qcp at 2025-08-01 11:48 AM

Gee, what a non-surprise, especially for those of us who said the prior claims didn't pass the smell test.

I'm sure ScottS will be around any minute to apologize.

#4 | Posted by Danforth at 2025-08-01 11:52 AM

George Soros got in there and messed with the numbers to make Trump look bad.

#5 | Posted by snoofy at 2025-08-01 11:53 AM

Where's that imbecile Squats and his -------- numbers now?

#6 | Posted by LegallyYourDead at 2025-08-01 11:55 AM

No worries, folks! Job numbers will be up, or we'll find someone to make them up (see what I did there).

i.e.,
"Trump fires commissioner of labor statistics after weaker-than-expected jobs figures slam markets"
www.cnbc.com

#7 | Posted by horstngraben at 2025-08-01 04:38 PM

And what's Trump going to do next month, when they adjust the July numbers down, stop issuing the jobs report altogether? And what happens when the tariffs start to really impact the inflation numbers, stop reporting them as well?

OCU

#8 | Posted by OCUser at 2025-08-02 12:25 PM

Where is ScottS the Pedo Lover?

Calling ScottS Calling ScottS

Dollars to Pesos he never appears on this thread

#9 | Posted by Sycophant at 2025-08-02 02:17 PM

And what's Trump going to do next month, when they adjust the July numbers down, stop issuing the jobs report altogether?

Maybe he will.

But lying through his ass officially about them would be the intermediate step.

#10 | Posted by Zed at 2025-08-02 02:22 PM

"And what happens when the tariffs start to really impact the inflation numbers, stop reporting them as well?"

Nah; they'll just lie. It's what they're best at.

Be Best!

#11 | Posted by Danforth at 2025-08-02 03:02 PM

What is the big deal about 'job growth', anyway?

Before we can imagine it, that will only mean how many AI robots will we need to produce.

I mean, it's not like the Oligarchs are actually planning on keeping dirty nasty stupid humans around that they can't actually own outright and have to pay!

Isn't it enough that they listen to us whining about being replaced now?

#12 | Posted by Corky at 2025-08-02 03:12 PM

Gee, what a non-surprise, especially for those of us who said the prior claims didn't pass the smell test.
-liesputforth

Yes same thing happened under Biden, crickets from the crew now crowing. But it always said wait for the revisions.

You can never believe government statistics, it's not about because its good or bad, it's that the revisions are atrocious. So why would you even believe the revisions.

Good luck America you can't even count the number of people working correctly.

#13 | Posted by oneironaut at 2025-08-02 03:16 PM

- Biden

1WhataboutismNut.

Are logical fallacies commonplace in China?

#14 | Posted by Corky at 2025-08-02 03:33 PM

Yes same thing happened under Biden

Runt, your child-raping hero had a 15% unemployment rate.

#15 | Posted by reinheitsgebot at 2025-08-02 03:33 PM

I'm seriously considering taking the majority of my Schawb accounts out of the market.

If official economic numbers are gonna be cooked, how can I not?

Would appreciate anything you folks can contribute to that notion.

#16 | Posted by Wardog at 2025-08-02 03:40 PM

If they don't report the numbers, they can't go down.

Trump logic

#17 | Posted by lee_the_agent at 2025-08-02 04:08 PM

" If they don't report the numbers, they can't go down.
Trump logic"

The exception being underage girls.

#18 | Posted by Danforth at 2025-08-02 04:37 PM

" Yes same thing happened under Biden"

Tariff's leading to inflation?

Or are you just referring to the inflation, which would've been worse under Trump?

Most economists agree the third stimulus wasn't needed, and was a driver of inflation.

Trump wanted a stimulus 42% LARGER, meaning inflation would've been even WORSE under Trump.

Do you agree, or are you using Republican Math?

#19 | Posted by Danforth at 2025-08-02 04:44 PM

" why would you even believe the revisions."

They're based on later, more precise information.

Meanwhile, the preliminary numbers are just that. They all go through two updates, each successive one being (ideally) more accurate.

It's why I warned about the preliminary numbers, since they didn't pass the smell test. I've been proven right with this first update. I may be proven wrong ultimately, but at this point it doesn't look like it.

Your post suggests you're unaware of the whole process.

#20 | Posted by Danforth at 2025-08-02 04:50 PM

Yes same thing happened under Biden, crickets from the crew now crowing. But it always said wait for the revisions.

You can never believe government statistics, it's not about because its good or bad, it's that the revisions are atrocious. So why would you even believe the revisions.

Good luck America you can't even count the number of people working correctly.

#13 | Posted by oneironaut at 2025-08-02 03:16 PM

The process where as the numbers for the past couple of months being adjusted after better data has been collected and incorporated into the overall picture has been going on for years, long before the current commissioner of labor statistics has been in that job. In fact, i goes back decades, to at least the 50's, covering both Democratic and Republicans administrations.

OCU

#21 | Posted by OCUser at 2025-08-02 05:36 PM

It's simple math.

Fire the person reporting the numbers. Hire someone who will gaslight the public.

Which Fox couch tumor is up next for a cabinet position?

#22 | Posted by Nixon at 2025-08-04 08:07 AM

Gee, what a non-surprise, especially for those of us who said the prior claims didn't pass the smell test.

One only needs to look at the jobs that are currently being offered to "college grads".

One called for a PhD and the salary was $12 per hour.

Another listed an "entry position" that required 3-6 years of experience.

#23 | Posted by Nixon at 2025-08-04 08:10 AM

"-liesputforth"
#13 | POSTED BY ONEIRONAUT

Where are the lies? Be specific. Because to this point, it just seems like you can't handle the truth.