Full-time employment in June collapsed by 514K, to the lowest level since 2024, bringing total full-time job losses to 2.239 million since Trump took office for the second time. This massive job loss, together with rising consumer prices, is why Trump's popularity is so low!

The Govt. claims just 57K jobs were created in June, well below the 115K expected. May's jobs were revised down from 172K to 129K. The unemployment rate slipped to 4.2% as over 700K people left the labor force, sending the participation rate to 61.5%, the lowest since March 2021

@OliverHeldens

Every single government provided data set is complete bullshit.

But who was birth dead model?
-they are literally making up numbers and then a year later revising them semi accurately. Guess which way they "guess" every single time...

So ir saying its worse?

Yes, its always worse. Here's what they do.

They send out a survey to X % of businesses asking for employment data. That data doesn't come back in 30 days, more like 60ish. So they use the birth death model in terms of business opens and closes. The govt is the largest employer in the country, so their internal data is hopefully decent, but we all know to never assume competency in the govt. So after 30 days with minimal data they make up a number. Then after another 30 days they make up a new number with slightly better understanding. Then, after a year they collect the best data they can and make up another number that happens to be the closest to the truth. That's why at the end of 2024 we saw headlines saying 1 million jobs lost during that year, when every jobs report was boasting growth.

It gets better. They convientlly forget to tell people that the majority of the jobs gained in the last Admin and this one have either been direct government employees and or health care employees. Healthcare is HEAVILY subsidized by the tax payer and govt is 100% tax payer provided. So they took YOUR tax money and created a job for someone and will only pay them with your tax money, its a loop that doesn't contribute to GDP in the vast majority of cases. As opposed to a private sector job that takes non tax money for a service and or good and contributes to GDP every time.

This is the pattern:
Estimation (set by the govt) is 100K jobs added for month based on above.
Actual after 30 days (initial release) is 110K jobs!
-in those 110k hobs, majority are healthcare/govt workers
Another 30 days goes by and the 110k is revised down to 80k (you don't see this because they do it the same time they release this months numbers)
Then after a year, they revised every month and just like in 2024 they erase 1 million jobs. That means they were off by 83k jobs/month...which is almost a 100% margin of error. So the whole thing is a fake and gay.

Don't even get me started on unemployment data, its just as rigged if not worse.
They can hide a recession (2Q -gdp) any way they want with these methods.

But none of that matters, so just invest as much as possible into VOO and chill while laughing at data.

Lmao i believe u. There numbers are cooked. I flation is always cooked too. Way worse.

CPI, but the FED loves core CPI...you know the one that excluded energy and food. Those tiny little expenses that no one cares about.