Another slate of lousy job market news

Thursday, September 04, 2025

Warning signs have been flashing for months that the US job market has been losing steam. That became starkly clearer in July, and the early data for August isn't looking much better. New metrics released Thursday showed that first-time claims for unemployment benefits rose to an 11-week high; that private-sector businesses sharply reined in their hiring last month; and that last month was the worst August for layoff announcements since the Great Recession.

Posted by REDIAL at 11:03 AM | 5 COMMENTS | permalink | Comment on This Entry |

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"The labor market is showing signs of cracking," Heather Long, Navy Federal Credit Union senior economist, wrote Thursday. "It's not a red siren alarm yet, but the signs keep growing that businesses are starting to cut workers." The latest data tees up an August jobs report that, when released Friday morning, is expected to show another month of tepid job gains. Economists have forecast that the economy added 80,000 jobs last month, which would be a slight increase from the slower-than-expected 73,000 net gain in July.

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This is all lies. The real numbers will come along soon from our new head of BLS who was definitely picked for their expertise and thoroughness and not at all for fealty to Trump.

#1 | Posted by johnny_hotsauce at 2025-09-04 11:47 AM | Reply

New metrics released Thursday showed that first-time claims for unemployment benefits rose to an 11-week high; that private-sector businesses sharply reined in their hiring last month; and that last month was the worst August for layoff announcements since the Great Recession.

Another epic failure from the decomposing-------------------.

#2 | Posted by reinheitsgebot at 2025-09-04 01:34 PM | Reply

Everything Cankles is doing is to hurt the economy so he can get a rate cut for his over leveraged real estate holdings.

It was just a matter of time when the GQP took total control until the economic growth collapsed.

#3 | Posted by Nixon at 2025-09-05 07:09 AM | Reply

Not if you're foreign born. We're doing pretty good.

#4 | Posted by oneironaut at 2025-09-06 10:52 PM | Reply

We interviewed a lot of Green Card holders in the 80's in the Silicon Valley when they first became popular for foreign sw engineers.

They had some great names! Yur Hung Lo, Wei Tu Dum, Ho Lee ---, Chu Dong, --- Suc Hwang...

I understand that 1Nut is really, Pho Kim Long.

#5 | Posted by Corky at 2025-09-06 11:32 PM | Reply