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The lesson I hope they draw is an eternal one: Bad policy leads to bad outcomes, but the actual economy doesn't move at the pace of the political cycle.
The lesson I hope they draw is an eternal one: Bad policy leads to bad outcomes, but the actual economy doesn't move at the pace of the political cycle.
August jobs growth was only +22k. July revised up +6k to +79k. June was revised down by -27k to -13k. Average jobs growth over the three months = +29k.
Unemployment rose a tick to 4.3%
August jobs growth was only +22k. July revised up +6k to +79k. June was revised down by -27k to -13k. Average jobs growth over the three months = +29k.
Unemployment rose a tick to 4.3%
The economy was in a good place in late 2024. That's no longer true. And the trajectory is, at a minimum, concerning.
That's millions of peoples lives, and millions of stories of pain.
The economy was in a good place in late 2024. That's no longer true. And the trajectory is, at a minimum, concerning.
That's millions of peoples lives, and millions of stories of pain.
But the Administration has made dramatic policy shift to boost manufacturing, and it just ain't working. Manufacturing employment fell -12k, and is down -78k over the year.
But the Administration has made dramatic policy shift to boost manufacturing, and it just ain't working. Manufacturing employment fell -12k, and is down -78k over the year.
Thank you BLS-ers!
Thank you BLS-ers!
Note that you want to weight these measures according to their signal-to-noise ratio. The smoother lines are more signal, less noise, and they're suggesting the economy has slowed pretty sharply.
Note that you want to weight these measures according to their signal-to-noise ratio. The smoother lines are more signal, less noise, and they're suggesting the economy has slowed pretty sharply.
Love, Allison
Love, Allison
In your face corruption
We are just starting to pay the price for all the tariff incompetence. Wait until the real damage starts
We are just starting to pay the price for all the tariff incompetence. Wait until the real damage starts