The U.S. Bureau of Labor and Statistics (BLS) has released the August jobs report [DATA HERE]. The pundits and analysts are stunned as the results of +162,ooo jobs added is three times their expectations.
The prior months also had strong upward revisions as June was revised up by 11,000, from +20,000 to +31,000, and the change for July was revised up by 44,000, from -23,000 to +21,000. With these revisions, employment in June and July combined is 55,000 higher than previously reported.
PRESIDENT TRUMP – Great jobs number just announced, breaking all estimates (except mine!) by double and triple – And you haven’t seen anything yet! EMPLOYERS ADDED 162,000 JOB IN AUGUST. Lower the interest rates because the U.S.A. is a much stronger credit than it was just a short time ago! A STRONG COUNTRY MEANS A LOWER INTEREST RATE – IT’S A BETTER CREDIT…Very simple! We should have the LOWEST RATE of any country in the World, like “the old days.”
Without the United States agreeing to allow them their big surpluses, and we could stop that immediately, they would no longer be considered financially ELITE! LOWER THE RATE OR I’LL STOP TRADING WITH COUNTRIES WITH WHICH WE HAVE A DEFICIT, which the U.S. Supreme Court, in its ridiculous and very costly Tariff decision, strongly acknowledged “the President” has an absolute right to do. IT’S BETTER THAN TARIFFS! The Fed Board, with its great new leader, must get smart – BE PATRIOTS for a change. High interest rates put the U.S.A. at a very unfair disadvantage, and I won’t allow that to happen! President DONALD J. TRUMP
Manufacturing jobs gained 16,000, while information systems (AI impact?) saw drops in computing infrastructure providers, data processing, web hosting, and related services (-8,000), in publishing industries (-7,000), and in broadcasting and content providers (-5,000).
It’s terrible how this messes with the media narrative.
The media pundits, analysts and financial “experts” are almost as baffled as a doctor dealing with a “vaccine” death.
Wait until it gets upgraded as more #s come in.
I know one part of it that’s not going to be talked about. AI is actually creating more jobs. I’ve stated on here that me and my CEO decided we wouldn’t lay people off at our company due to AI, we would simply treat AI as if we were getting many more insanely low-wage employees and use it to increase productivity. And we did exactly that, and we have now actually created more work for our company and have HIRED 3 new people in our 21 person company in the last 2 months.
AI is actually creating work outside the tech industry when utilized correctly. I run a company in the manufacturing/distribution industry.
I thought it would take much longer to un-F the economy than it would to F it up.
Indeed.
Economic security is National security!!!
Thank you Sundance.
🦅💥✝️🇺🇸
Thank God for President Trump.
Make America Strong Again.
“The pundits and analysts are stunned as the results of +162,ooo jobs added is three times their expectations.”
Perhaps they should lern to code…
/sarc
heh, not with that -23 in IT
Maybe they could lern to code at the nearest learing center.
Meanwhile we have another Fed Prez who is keeping Rates high, why? and the stock market is down today why?
Everybody is fighting PDJT.
FED Prez only has 1 vote.
FED has lots of members on it appointed but Biden.
Trump hating Powell still on tne FED.
By a clue….
Dumb market participants think strong job growth will lead to raised interest rates.
the conventional wisdom is that it will do exactly that, combined with inflation.
like with the election predictions, i think there are just too many new variables and unprecedented events in this new world to be able to predict using the traditional models.
Why you ask?
Remember the analogy of two separate economic tracks that was explained here?
https://theconservativetreehouse.com/blog/2016/12/17/a-third-dimension-in-american-economics/
🚂🚃M🚃A🚃G🚃A🚃
Sundance,
Does the chart of Mainstreet vs. Wallstreet need an update?
Brilliant and much applauded in our household.
President Trump issued an ultimatum/declaration of war against the Fed in that statement.
The Golden Age is upon us!
Satellite photo of White House in DC:
Notice the Treasury building proximity. Siting was not an accident or coincidence.
White House was sited, built there first. Which building’s occupants are there to keep an eye on the other at the center of power in a nation manifestly destined to become a great power?
From the start, the bankers believe themselves to be the power. Not the people’s chosen leaders.
congress could have looted more effectively if they had built it closer to the capitol
we’re not supposed to rememeber how good things were nor rwalize how good things can be. control freaks need you to accept the suck and congratulate them for it.
just think how much even better things would be without sharing a country and government with rinos and dems. it would be like heaven on earth.
Maybe Wall Street is unhappy about the rise in Main Street as reflected in -tech jobs and increase in Non-farm and NON Government Bureaucracy Jobs?
“the August jobs report”
I received a text message from 45470 at 11:35 AM today announcing the great news contained therein.
Ditto, D_I. — 11:18 AM
Lots of useless Federal employees got their pink slips (which they proudly wear on their heads.)
Every laid off Fed worker who did nothing useful, becomes a Democrat voter (although most already were.)
Good news is always bad news on Wall Street huh?
Wall Street trades on volatility. With reporting on matters tangential to the economy, the more emotional it is, good or bad, the more some act on the feelz over a logical position based on actual performance.
One can always count on markets being irrational for one reason or another.
When I think of Wall Street, I always remember the lessons learned in my youth playing Musical Chairs & Steal the Bacon!
Would not be wrong to call Wall Street the world’s biggest casino either.
“The pundits and analysts are stunned as the results of +162,ooo jobs added is three times their expectations.”
Pundits, analysts and experts are nothing more than low IQ political apparatchiks.
and whats funny is that they never get fired for being so wrong so often.
Just like weather forecasters (AKA witch doctors).
And Canada lost 42,000 jobs in August!! Funny the story was listed far down the front page of the CBC.CA website. Prior months also downgraded. What could possibly be causing this disconnect??
They were all Cuban Security Guards for Justine.
Success is no mistake!
The Expert Expecters are ALWAYS wrong about the Prosperity President.
In fairness, they were always wrong about Barack Obiden, too–just in the opposite direction. They would later adjust the vastly inflated numbers downward after the spotlight had moved on.
#ProfessionalLiars
Take a look at the breakdown closely. This report is not that swell. Goods-producing jobs rose only by 41 k, while service jobs and government jobs rose by a combined 121 k. Ouch. That’s not a sign of where we want to go.
Combine this report with other recent reports on the trade imbalances being dominated by goods used for capital investment like microchips, heavy equipment and other and the perspective shifts.
It is indicative that the productive economy, ie Main Street is still spooling up to begin firing on all cylinders in the near future.
Can we please get billboards up across the country? GOP is useless.
Dear Gen Z – Give those Lib Boomers what they deserve. Vote Trump! PS The Dems will award you with a Ukranian draft.
Russia Tries To Assassinate Ukraine’s SBU Chief With Unprecedented Drone Attack On Kyiv HQ
https://www.zerohedge.com/geopolitical/russia-tries-assassinate-ukraines-sbu-chief-unprecedented-drone-attack-kyiv-hq
Finally. Its immoral for any nation’s leaders to be off limits in wartime.
Well…this is going to put a nice crimp in the steal attempt this Fall…
J
“We Have The Receipts”: Bartiromo Denies Fox Firing
https://www.zerohedge.com/political/call-got-maria-bartiromo-fired-came-white-house
Interesting … Just to recap since 2009, The majority of monthly reports … labor and economic:
2009 to 2016 ADJUSTED “DOWNWARD” after issued. (Obama)
2017 to 2020 ADJUSTED “UPWARD” after issued. (Trump)
2020 to 2025 ADJUSTED “DOWNWARD” after issued. (JoeBama Auto-Pen)
2025 to 2026 ADJUSTED “UPWARD” after issued. (Trump)
The same “professional” bureaucrats prepared these numbers over this time span … 2009 to 2026, using the same rules.
ALL the related labor and economic indicator curves shown in the Business News Media (right to left) support the exact same trends.
So the stock market sags after this great report. That’s all we need to know about Wall Street.
The Fed members are tsk tsking about inflation rather than rejoicing that more Americans have good jobs.
Good news for us plebeians is terrible news for the denizens of the Fed. And explain to me again why they hate Trump so much. What creeps!
Its on intetest rates possibly going up.
“Unexpected”….again.