Only 75000 jobs added in may!

[imanamerican63]

Oopps! Donnie's plan might be slipping!

[ProudMNDemocrat]

1. The low numbers trend is beginning.....Summer is not going to be good.

Just heard that the estimated Job numbers of 180,000 did not materialize. While Unemployment remained the same, still not a good message to be bragging about.

The Trump Tariff trade war now with Mexico will see a drop in those job numbers for June as farmers are scrambling to plant crops that are not going to sell, consumer confidence dip as prices rise on food, gas, appliances, cars. etc. Not to mention what the weather will be for the month as parts of the US are bracing for more devastating weather patterns.

[democratisphere]

2. Wait till the May number is adjusted downward.

[PA Democrat]

7. Yep. They just revised March and April numbers downward.

Revisions to the past two months also displayed softer headlines — April’s initially reported headline of 263K fell to 224K, while March’s 189K (originally released as 196K) slipped to 153K. This amounts to 75K fewer jobs created in the past two months, combined with the 100K fewer than expected last month. As we saw in ADP’s ADP private sector report Wednesday, we finally see some weak data in our multi-year robust labor market.

https://finance.yahoo.com/news/jobs-data-depicts-weakness-75k-141102340.html

[democratisphere]

8. Wheels are falling off the drumpf labor bandwagon.

Fake jobs numbers.

[Johnny2X2X]

3. He inherited a strong economy

You wouldn't know it, because it's rarely reported, but job creation has slowed under Trump. The UE has gone down slightly, but job growth has been slowing. Wage growth has not kept up with inflation either. And the stock market has been basically flat for the last 18 months. All the while the deficit has gone up 77%.

Buckle up, this could get ugly by next year, and it could take years to dig out.

[Hortensis]

6. Yes, a worrisome lead-up to the election is one thing,

a recession in 2020 that could take years to recover from when many have never recovered from 2008 a whole different thing. And as you say, the Republicans have been deliberately plunging us far underwater in debt with step 2 "required" giant slashes in spending because of it...

[Javaman]

4. the orange asshole effect is finally being felt...

the last vestiges of Obama's administration have worn off.

it's going to be true hell from here on out.

[Johnny2X2X]

5. His tax rates went into effect on January 1st 2018

That's the starting point of the Trump economy and the end of the Obama one.

DOW in January 2018 24,720 Today 25900 +5% in 18 months (10% would be considered average).
UE Rate in January 2018 4.1%, today 3.6%
Job growth was averaging 192,000 new jobs a month, today job growth is averaging 151,000 a month and falling fast.
Wages went from $26.74 an hour to $27.83 an hour in the 187 months of the Trump economy, which is pretty good, but not good at all considering inflation has increased to a rate higher than that wage growth.

The Fed gave in to Trump today and cut rates, means either the Fed is a political arm for Trump now, or they think the economy is about to tank too.