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Terrible jobs report

U.S. payroll growth totals 151,000 in February, less than expected​


Nonfarm payrolls were expected to increase 170,000 in February, according to the Dow Jones consensus forecast.

This is breaking news. Please refresh for updates.

https://www.cnbc.com/2025/03/07/jobs-report-february-2025.html?__source=iosappshare|com.apple.UIKit.activity.CopyToPasteboard
from CNN • Economists had forecast 160,000 jobs were added in February and that the unemployment rate held at 4%.

Can't even get straight bad news
 
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I see jobs all over the place. Kwik Star begs for entry level management people starting over $50-$70k.

If you can find better, great. If you can’t take it.

You can make $18.50 hour delivering for Amazon when you feel like it.
Your trip to the gas station tells it all. Why do we even need a jobs report!
 
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Torbee, I call it the way I see it. The report is fine, the rest of what they have done has been atrocious.
The point is it is all interconnected. The "atrocious" is already impacting the economy and it is highly likely it is going to continue getting worse.

This was - at best - a "meh" jobs report and an indication that the general trend is negative.

So yes, while the kitchen is not on fire at this time, smoke is curling under the door.
 
For at least the past 4 years, and undoubtedly prior to that, a very large percentage of job growth was government jobs, federal, state, and local. Since federal jobs are being cut instead of added, expectations will need to be changed. Belt tightening is often painful. Hopefully someone will tell Trump that he shouldn't be adding complexity to the equation with most of his tariff threats. Those displaced government workers will need to find private sector jobs. The US definitely needs to emphasize value added jobs, particularly manufacturing jobs. As for manufacturing jobs, those jobs no longer need to be repetitive manual labor - they can be skilled labor integrating technology in processes.
 
For at least the past 4 years, and undoubtedly prior to that, a very large percentage of job growth was government jobs, federal, state, and local.
This is utterly FALSE

Federal job numbers have DECLINED since the 1960s, and have been mostly flat for the past decade or more.
 
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Honestly, that payroll report was solid. Should allow the market to find some footing. I was worried about a sub 100 report and there would have been carnage. Now granted a little more of the turmoil should be in the next report, but for now this is ok.

It really isn’t all that bad but it is still fun to talk shit about the orange turd.
 

Less than 2% of total jobs are federal, and it's been declining for YEARS

Overall, total jobs numbers have been stable, but as a pct of total, it has declined continuously.
We have the same number of federal employees as 1945.
Wanna guess what the population difference between 1945 and now is? (HINT: It has MORE THAN DOUBLED)
 
I also saw that February had the most layoffs in a month since the housing collapse in 2009.

So not only are there fewer jobs, there are more people competing for them.
 
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Anyone else tired of all this “winning” yet?

I honestly can’t think of one thing Trump has done to help the average American…
- Tariff confusion killing markets
- Tariffs going in place costing Americans on average $1,600/year
- Firing off thousands of federal workers without looking at impact. Estimated 30% of them are vets.
- Crippling the VA with thousands of terminations. Negatively affecting vets lives.
- Worse than expected inflation. Reversing improvements we’ve seen under previous administration
- Worst February jobs report in 15 years.

What else am I missing, or has he done anything to help anyone one’s lives yet?
Don't forget taxes going up over $1k for those making under $400k... that with the tariffs suck up over $200 per month for the average (less than millionaires) Americans.
 
I guess the argument that government workers could always go to the private sector and make more money isn’t true.
 
Was afraid to check the market and wish I hadn’t.
The technical term is "Trump Dump".

American companies are terrified of Trump’s haphazard approach of taking an axe to everything.
Basically, too much/too fast.
Having President Musk so close is just magnifying the problems.

In baseball terms...Trump started on 3rd base and got thrown out at home on a double in the gap.
 
Blaming Biden once again for global inflation though the US handled it better than ANYBODY. How about now, smart guy?
Dude, we drive the global economy. The US pumped unnecessary dollars into the economy to keep the Covid money train going.

But I’ll concede that that was only minor compared to not getting people back to work sooner by creating supply chain scarcity.
 
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The technical term is "Trump Dump".

American companies are terrified of Trump’s haphazard approach of taking an axe to everything.
Basically, too much/too fast.
Having President Musk so close is just magnifying the problems.

In baseball terms...Trump started on 3rd base and got thrown out at home on a double in the gap.
That sounds like a one hopper back to the pitcher which ensues trump stuck half way down line and is now caught in a pickle that goes back and forth until he falls on his face for the final out in a 1-0 loss
 
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That sounds like a one hopper back to the pitcher which ensues trump stuck half way down line and is now caught in a pickle that goes back and forth until he falls on his face for the final out in a 1-0 loss
Or...he hits a broken bat dribbler to ss and gets in a rundown between home and first and is thrown out sliding into home!
 
The jobs report would have been far worse, had it not been for Musk’s DOGE Team having to rehire the thousands of people they fired two weeks earlier.

That’s some 3D chess right there!
Or they could just inflate it by tens of thousands like Biden did many times only to reduce it month's later.
 
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Or they could just inflate it by tens of thousands like Biden did many times only to reduce it month's later.
Knowing Trump, it likely is inflated. He can’t give a quote to anyone without being Billions and Billions (higher or lower) than what the actual number is, depending on which direction makes his lapdog base eat it up.
 
Hopefully someone will tell Trump that he shouldn't be adding complexity to the equation with most of his tariff threats
All of us have. He isn't and won't listen. His tariff policy is the number one reason why I have never liked him. Dumb idea that will likely lead to a recession that didn't have to happen. He's an idiot and so are many of his voters. Sorry if you didn't see this coming.
 
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