Job Growth

Search documents
Trump fires Commissioner of Labor Statistics Dr. Erika McEntarfer after labor data revisions
CNBC Television· 2025-08-01 18:54
Folks, let's go down to Washington DC. Megan Cassella, pretty big headline happening right now. >> Absolutely, Brian.We're just hearing from President Trump via Truth Social that he is firing the Commissioner of Labor Statistics. He says effective immediately. This, of course, coming after the jobs report this morning showed lower than expected job growth for the previous month as well as major downward revisions for the past two.So the president focusing on that those revisions in particular in this truth ...
US Treasuries Soar As Job Growth Slows | Real Yield 8/1/2025
Bloomberg Television· 2025-08-01 18:48
Labor Market & Economic Outlook - US labor market shows warning signs with payrolls tumbling and unemployment rate rising, indicating a deceleration in job gains [1][2] - Concerns mount over a complicated mix for the Federal Reserve to deal with, leading to expectations of potential rate cuts in September and December [2][3] - Slowing services wages suggest a potential slowdown in consumption and the overall economy, justifying lower interest rates even without a formal recession [19] - The economy is structurally sound, but current policy may be suboptimal, with rates disproportionately hurting lower-income households as housing and labor markets slow [9][10] Interest Rate & Monetary Policy - Fed rate cut bets for September have reached nearly 90%, a significant increase from 45% prior to jobs data, with two rate cuts priced in for the year [6] - The Cleveland Fed President acknowledges a tricky time for monetary policy makers due to conflicting mandates, requiring careful data analysis and business conversations [7][8] - The market anticipates bull steepening as the economy slows and the Fed cuts rates, potentially spurring inflation or growth, leading to a V-shaped recovery [12] - Neutral rate is difficult to determine, potentially higher than expected due to shifts in household and business debt structures, allowing for higher interest rates with a robust economy [17][18] Bond Market & Credit Issuance - US high-grade weekly volume reached $12 million, driven by foreign bank sales, while July volume was $81 billion, the lightest month for supply this year [29] - US high-yield July volumes exceeded $35 billion, marking the second busiest month since September 2021 and the busiest since at least 2006 [30] - Leveraged loan launches in July set a record, reaching over $222 billion, the fourth time in 14 months an all-time record has been broken [30] - Private sector holds $225 trillion in cash, exceeding marketable Treasury debt, with only $29 trillion in high-quality bonds, creating a transcendent influence on the market [26][27]
X @Bloomberg
Bloomberg· 2025-08-01 18:24
President Donald Trump said he was directing officials to fire Erika McEntarfer, the commissioner of the Bureau of Labor Statistics, hours after a report showed US job growth cooling sharply over the last three months https://t.co/Ecl1sr4091 ...
X @Bloomberg
Bloomberg· 2025-08-01 18:02
The latest employment report showed the steepest downward revisions to US jobs growth since the pandemic, due in part to seasonal adjustment issues but also what economists say is a broader trend of low response rates https://t.co/Mpp9DXDVzi ...
US notches worst three months for jobs growth since pandemic#shorts #jobsreport #unemployment
Bloomberg Television· 2025-08-01 17:15
for the first few months when we saw those big numbers um that was the Biden economy. Now that the Trump policy is taking effect, you're seeing downward revisions of 258,000 over the last uh couple of months, only 73,000 jobs added. And it looks like not just to me, but to uh uh participants in this market that today's weak payroll numbers are a direct result of the conscious policy to limit immigration.And I'm just wondering if that trade-off is delivering the kind of benefits you want to see to us workers ...
X @Anthony Pompliano 🌪
Anthony Pompliano 🌪· 2025-08-01 16:26
It is impossible to trust many government economic data points.Job growth, inflation, and others are all manipulated or inaccurate.Insane problem! https://t.co/SimKILfSIo ...
X @Bloomberg
Bloomberg· 2025-08-01 16:25
Economic Impact - Tariffs are characterized as a substantial tax burden on both households and businesses [1] - The implementation of tariffs is negatively impacting consumer spending [1] - Tariffs are hindering job growth [1]
US Labor Secretary 'Positive' After July Jobs Report
Bloomberg Television· 2025-08-01 14:28
Job Market Overview - The US saw almost half a million new jobs created since the president took office [1] - Job gains were primarily seen in health care and construction sectors [1] - All job gains have been among native-born workers [3] - Strong job growth has occurred at 39% over the last year [9] - 84% of job growth has been in the private sector [12] Policy and Economic Impact - The administration emphasizes the positive impact of trade deals and tariff deals on American businesses [2] - The completion of "one big beautiful bill" is expected to stimulate investments [3] - The administration aims to lower interest rates to encourage business investment [7] - Deregulatory actions are being pursued to modernize, streamline, and cut costs for businesses; 63 deregulatory actions were issued in the first six months [22] Sector-Specific Concerns - There are concerns about downward revisions of 258,000 jobs over the last couple of months and only 73,000 jobs added recently [5] - Manufacturing has shed 11,000 jobs recently and 28,000 jobs over the past six months [15]
X @Ivan on Tech 🍳📈💰
Ivan on Tech 🍳📈💰· 2025-08-01 14:24
RT SolanaNews.sol (@solananew)🚨BREAKING: MASSIVE JOB GROWTH REVISIONS ROCK U.S. ECONOMY — MAY PLUMMETS 125,000, JUNE SLASHED 133,000 — RATE CUTS ARE COMING!!!🚨 https://t.co/oqNOo3Lp8m ...
X @Ivan on Tech 🍳📈💰
Ivan on Tech 🍳📈💰· 2025-08-01 12:49
RT Geiger Capital (@Geiger_Capital)Wow.JULY JOBS:+73K vs 104K exp.JUNE revised down: +147K ➡️ 14K (-133k)MAY revised down: +144K ➡️ 19K (-125k)Powell may actually be “Too Late” https://t.co/722UnDjgns ...