I wonder if it’s because increasing the cost of doing business with massive tariffs nobody asked for or needs is causing businesses to get nervous and stop hiring.
Not to pile on, but there is a huge public misunderstanding when it comes to economic data.
The data is lagging, usually by a full year. The policies that lead to that data are from the year before data collection, at a minimum, more likely two+ years.
Economic policies generally take time to ripple through the economy. Generally. There are exceptions. Interest rates tend to affect things pretty quickly relative to other changes.
I will point out that our labor data can no longer be trusted as the organization is no longer politically neutral. Pushing the jobs record down means more blame for Biden and a much lower bar for Trump to meet in order to "improve" future jobs numbers.
> Trump ordered McEntarfer's removal on August 1 after data showed a surprise weakening in the U.S. labor market last month. The BLS employment report revealed meaningful revisions to job figures for the prior two months that raised investor worries that the Federal Reserve may need to play catch-up with interest rate cuts.
Agreed, the Trump administration is _heavily_ leaning on this as evidence to support their argument that "Biden's economy" was a "disaster":
> Today, the BLS released the largest downward revision on record proving that President Trump was right: Biden’s economy was a disaster and the BLS is broken.
> The benchmark revisions make clear the economy President Trump inherited was even weaker than we thought.
The economy is not great and has not been great for years. That has been the reality for almost all Americans.
It’s very odd to make this about Trump vs Biden. This has been brewing for nearly two decades. Forever-QE made us forget about the real health of the economy.
Please remember that the 'Third World' doesn't refer to countries in squalor. It referred to the bloc of nations that were not aligned with either the Western bloc (First World) led by the US or the Eastern/Communist bloc (Second World) led by the USSR. Quoting directly from Wikipedia:
> Strictly speaking, "Third World" was a political, rather than economic, grouping.
> Since most Third World countries were economically poor and non-industrialized, it became a stereotype to refer to developing countries as "third-world countries".
> Since the dissolution of the Soviet Union and the end of the Cold War, the term Third World has decreased in use. It is being replaced with terms such as developing countries, least developed countries or the Global South.
how about drumming up some public support for an open access post-scarcity economy where we shift focus to quality instead of profit and use our resources for building resilient planetary infrastructure...
Trump took office in January, so I'm guessing this has nothing to do with tariffs like people are implying? I didn't read the article (paywall), but if that is the case why was this misreported? couldn't he have just blamed biden or something? Either way, that sounds like a big number, is it interest rates that are causing this?
Readit News
Naww, must be someone else’s fault.
The data is lagging, usually by a full year. The policies that lead to that data are from the year before data collection, at a minimum, more likely two+ years.
Economic policies generally take time to ripple through the economy. Generally. There are exceptions. Interest rates tend to affect things pretty quickly relative to other changes.
> Trump ordered McEntarfer's removal on August 1 after data showed a surprise weakening in the U.S. labor market last month. The BLS employment report revealed meaningful revisions to job figures for the prior two months that raised investor worries that the Federal Reserve may need to play catch-up with interest rate cuts.
https://www.reuters.com/business/inflation-data-draw-scrutin...
> Today, the BLS released the largest downward revision on record proving that President Trump was right: Biden’s economy was a disaster and the BLS is broken.
> The benchmark revisions make clear the economy President Trump inherited was even weaker than we thought.
https://www.whitehouse.gov/articles/2025/09/bls-revisions-sh...
It’s very odd to make this about Trump vs Biden. This has been brewing for nearly two decades. Forever-QE made us forget about the real health of the economy.
> Strictly speaking, "Third World" was a political, rather than economic, grouping.
> Since most Third World countries were economically poor and non-industrialized, it became a stereotype to refer to developing countries as "third-world countries".
> Since the dissolution of the Soviet Union and the end of the Cold War, the term Third World has decreased in use. It is being replaced with terms such as developing countries, least developed countries or the Global South.
Ghost jobs, time wasters, unemployment, etc.