Oh Shit! HIDE IT IT!! FIRE THEM!

Get George Santos outta jail, we need his lying skills!


The jobs report that enraged Trump was flashing a recession warning sign


The bad news in last Friday's jobs report may have been overshadowed when President Donald Trump fired the commissioner in charge of producing it. But economists haven't forgotten about America's job market - and they're growing concerned.

Some of the jobs report data has economists using a word they haven't uttered in several months: recession.

Hiring over the past three months slowed dramatically, creating problems for the economists and statisticians at the Bureau of Labor Statistics whose job is to make sense of the payroll data they get from thousands of businesses across the country. As new data came in about May and June's employment, the BLS was forced to sharply lower those months' job totals from their preliminary estimates.

The BLS revised May and June's jobs totals lower by a combined 258,000 jobs. That massive revision gave economists some serious agita. Larger revisions have happened before, but every time changes that large have taken place over the course of at least two months, the US economy has been in a recession - at least since records began in 1968.

"The job market is terrible," said Douglas Holtz-Eakin, former director of the Congressional Budget Office during the George W. Bush administration. "Outside of education and health, the economy has lost private sector jobs in the past three months. That's terrible."

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What's taking so long, Donzo?


Edited: 08/06/2025 at 03:27 PM by fishkller