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Drudge Retort: The Other Side of the News
Friday, August 01, 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. Job growth totaled 73,000 for the month, above the June total of 14,000 but below even the meager Dow Jones estimate for a gain of 100,000. June and May totals were revised sharply lower, down by a combined 258,000 from previously announced levels. At the same time, the unemployment rate rose to 4.2%, in line with the forecast. The June total came down from the previously stated 147,000, while the May count fell to just 19,000, revised down by 125,000. Stock market futures fell further after the news while Treasury yields also were sharply lower.

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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 | Reply | Newsworthy 2

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 | Reply | Newsworthy 1


Source: www.nytimes.com

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

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 | Reply | Funny: 1

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 | Reply

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

#6 | Posted by LegallyYourDead at 2025-08-01 11:55 AM | Reply | Funny: 1

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 | Reply

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