Employment Trends - Downward payroll revisions indicate a weakening job market [1] - Weaker confidence in job availability suggests growing employment concerns [1] - Large-scale government layoffs contribute to a negative employment picture [1] Monetary Policy Implications - These employment trends may prompt the Federal Reserve to cut interest rates [1] ARK Invest's Perspective - Cathie Wood shares her insights on the implications of these trends in "In The Know" [1]

Economic Indicators & Labor Market - US economy added 73,000 jobs in July, far lower than expected, with June and May numbers revised down by a combined 258,000 [2] - The White House defended the dismissal of the Bureau of Labor Statistics Commissioner despite accusations of data manipulation without evidence [3][4][5] - The jobs data revision is considered a historically important outlier, the biggest since 1968 [5][6][7] - Declining response rates to BLS surveys contribute to data inaccuracies [8][9] Trade & Tariffs - New tariffs on almost every US trading partner are set to come into effect [1][12] - Tariffs could lead to a slowdown in spending and hiring, potentially impacting the economy [14] - The probability of a Federal Reserve interest rate cut increased from approximately 40% to 75% following the release of weak jobs data [16] - Potential interest rate cuts by the Fed are expected to be gradual, possibly a quarter point in September and another in December [17] Political & Policy Impacts - The President plans to appoint a new head of the Bureau of Labor Statistics within 3-4 days [19][20][22] - Texas Democrats fled the state to block a Republican redistricting plan that aims to add five new GOP seats [31] - The Texas Governor is threatening to expel or extradite the lawmakers [32][38] Environmental & Disaster Impacts - Severe weather, including wildfires and flooding, is causing chaos across the US [43][44][45][46][47][48][49][50] - Wildfires in central California have burned approximately 40,000 acres [46] - The Dragon Bravo fire in Arizona has become the largest in the US, burning over 116,000 acres and is only 11% contained [47] - Air quality alerts are in effect in multiple states due to smoke from Canadian wildfires [45][52][53] - Heavy rainfall and flooding are impacting parts of the Southeast, with 10 million people affected [54]

John Williams, president of the Federal Reserve Bank of New York, discussed the outlook for the labor market, inflation and interest rates during an interview. Here is a transcript. https://t.co/hQ8Me7ElgY ...

Data Accuracy & Integrity - Questions arise regarding the accuracy and potential manipulation of economic data released by the BLS (Bureau of Labor Statistics) and BBA, with historical instances of alleged political interference cited [3][4][18] - The variance in economic data has dramatically increased since the COVID-19 pandemic, leading to concerns about incompetence or partisanship in data reporting [4] - The speaker expresses a lack of trust in the reported economic numbers, suggesting investors share this sentiment [19][21] - The need for accurate data is emphasized to ensure appropriate decision-making, particularly by the Federal Reserve [5][23] Federal Reserve & Interest Rate Policy - The Fed's decisions are heavily influenced by economic data, and inaccuracies could lead to inappropriate interest rate policies [5][6] - It's argued that interest rates should be lower, potentially by 50 to 100 basis points, regardless of whether the reported data is accurate or flawed [6][9][11] - The speaker claims there's no evidence of tariff-related inflation, contradicting the Fed's stated concerns [7][10] Labor Market Dynamics - The speaker suggests that the influx of illegal immigrants distorts labor market data and creates a disconnect between different surveys [15][22] - The creation of 18 million jobs for American citizens and the loss of 13 million jobs for illegal aliens are highlighted [15] - Deportation of illegal aliens could lower the number of jobs needed per month to maintain the current unemployment rate, potentially dropping from 190,000 to 100,000 [16] Political Implications - The speaker defends President Trump's potential actions to "clean house" at the BLS, citing the need for reliable data [5] - Allegations of political manipulation of data during the Obama and Biden administrations are raised [3][18]

Find someone who will help push interest rates DOWN.I also don’t want to hear from any of the Ivory Towers , entitled people in the mentions that are not directly impacted by high cost to borrow an inflationWatcher.Guru (@WatcherGuru):JUST IN: 🇺🇸 Federal Reserve Governor Kugler resigns from Fed board. ...

imprint for certain. >> Welcome back. Sizable miss for jobs this morning coming in at 73,000 in July with sharp downward revisions.That might be the bigger story for May and June. President Trump lashing out at Fed Chair Jay Powell on Truth Social. Of course, after the report telling him to drop the rate.Joining us now exclusively is Atlanta Fed President Raphael Bostic, along with our own Steve Liesman. Good morning Steve. >> Good morning Sara.Let's get right to President Bostic. Good morning, President Bo ...

Stephen Miran, CEA chairman, joins 'Money Movers' to discuss today's weaker jobs report and what it means for the health of the economy. ...

Treasuries rallied after a report on US jobs showed weaker-than-expected payroll growth, prompting traders to boost bets that the Federal Reserve will lower interest rates. https://t.co/tMyUbdtcri ...

Federal Reserve Governors Christopher Waller and Michelle Bowman expressed concerns that policymakers’ hesitance to lower interest rates could risk unnecessary damage to the labor market https://t.co/HpRmhWVf7S ...

The Fed refuses to cut interest rates, but every American will benefit from lower rates.Eventually the Fed will capitulate. https://t.co/gIbf8ofQvj ...