From: Alan <nuh-uh@nope.com>
Newsgroups: can.politics,alt.fan.rush-limbaugh,alt.politics.trump
Subject: "Nothing more than a mirage"
Date: Fri, 1 Aug 2025 10:12:15 -0700
Organization: A noiseless patient Spider
Or in other words, Trump has been feeding you bullshit.
'President Donald Trump's administration revealed Friday that the last
few jobs reports don't demonstrate the economic success that he's been
touting â and it sent the market tumbling.
As of mid-morning, the Dow Jones had dropped 542.70 points, which is 1.23%.
The July jobs report showed that the growth rate slowed sharply and the
unemployment rate is up. The job market grew by 73,000, less than the
115,000 that had been estimated.'
<https://www.rawstory.com/jobs-report-readjustment-stock-market/>
Oh, but it gets even worse:
'Worse, however, is that previous months were "recalculated" to show
that the slight number of job gains were nothing more than a mirage.
June numbers were revised from 147,000 to 14,000 â the slowest month of
growth since mid-Covid.
Business investor Marcus Lemonis told Fox News on Friday, "I think I'm a
little concerned if you look at the revisions that happened in the last
jobs report. That number came crashing down."
CNBC reported, "The June total came down from the previously stated
147,000, while the May count fell to just 19,000, revised down by 125,000."'
Now, you TDS-suffering MAGAts will whine about the source, so:
<https://www.cnbc.com/2025/08/01/jobs-report-july-2025.html>
'Nonfarm payrolls growth totaled 73,000 for July, above the June total
of 14,000 but below even the meager Dow Jones estimate for a gain of
100,000.
June and May totals were revised sharply lower, down by a combined
258,000 from previously announced levels.'
But I'm sure that won't satisfy you, so:
<https://www.bls.gov/news.release/empsit.nr0.htm>
'Revisions for May and June were larger than normal. The change in total
nonfarm payroll employment for May was revised down by 125,000, from
+144,000 to +19,000, and the change for June was revised down by
133,000, from +147,000 to +14,000. With these revisions, employment in
May and June combined is 258,000 lower than previously reported.
(Monthly revisions result from additional reports received from
businesses and government agencies since the last published estimates
and from the recalculation of seasonal factors.)'
Got that, MAGAts.
That last quote is from TRUMP'S ADMINISTRATION!