The Economy

DonOld & the MAGAt republicans:

“The economy is "BOOMING!!!" thanks to the policies / actions of DonOld & the MAGAt republicans”.

🤔

Also DonOld & the MAGAt republicans:

“THE FED MUST LOWER INTEREST RATES!!!” (which NEVER happens when the economy is "BOOMING!!!").

Weird…

😳 😑 🤣 🤬

We. Told. Them. So.

🌷
 
Sluggish job growth and unemployment rate ticks up

And previous job estimates were revised downward. Not good.

The US economy added 73,000 nonfarm payrolls in July, less than than the 104,000 expected by economists. The unemployment rate moved up to 4.2% from 4.1% the month prior, in line with expectations from economists.

In June, the US economy added just 14,000 jobs while the unemployment ticked lower to 4.1%. Those figures were revised significantly lower on Friday from an initial reading of 14,7000. Revisions showed the labor market added 258,000 less jobs than initially reported in May and June.
 

CNN Panelist Gets Mocked to His Face After His Trump Tariff Prediction Crashed and Burned [WATCH]​

By LifeZette News Staff
August 1, 2025

Republican strategist Scott Jennings pushed back against CNN International host Richard Quest during a live segment on Wednesday night, revisiting previous predictions Quest made about economic downturns tied to President Donald Trump’s trade policies.

“I would just like to go back — I would like to build a DeLorean and go back to April, when everybody here was predicting ‘likely to cause a recession, investment stops and a recession happens, they‘re not talking about a U.S. recession, they‘re talking about a global recession, lead to recession, eventually, there will be a recession,’” Jennings said, referencing the fictional time machine from the Back to the Future film franchise.

Quest responded, “So, very cleverly, very cleverly — hang on a chosen. If he’s chosen to use my words, I just want to point out — just a second, sir.”

Jennings replied, “I just want to point out, you called the recession. You called it. You took your shoe off,” referencing a previous moment on-air. Quest asked, “Would you like to see that again?”

More here: https://www*****zette.com/2025/08/c...p-tariff-prediction-crashed-and-burned-watch/

We find many leftists and other dummies dining on their words these days.
 
The construction industry has hit a rough patch.

US construction spending extends decline in June

The Commerce Department's Census Bureau said on Friday that construction spending fell 0.4% after a revised 0.4% decrease in May.

Spending on private construction projects slipped 0.5%. Investment in residential construction decreased 0.7%, with outlays on new single-family housing projects plunging 1.8%.

That’s a 21% annualized drop in new single family housing construction.
 
https://www.axios.com/2025/08/01/trump-tariffs-inflation-jobs-report

Trump's latest tariffs will cost U.S. households $2,400 this year, analysis says​


The new tariff rates President Trump announced late Thursday are the highest in nearly a century and will cost the average family about $2,400 this year, the Yale Budget Lab said.

Combined with the surprisingly weak jobs report Friday morning, it’s the latest sign that American households face a much more difficult economy in the months to come. On Thursday, Trump revised the sweeping global tariffs he imposed in April, lowering rates for many countries while raising them for a few.

They will mostly take effect starting Aug. 7, though some change as soon as Friday. After blending the various rates assigned to different countries, the average tariff now stands at 18.3%, the highest since 1934, the Yale group said.
 
Just head that jobs for white young males is up 2000% last week.

Amazing dear leader! He is the singular reason for everything good since his birth and anyone who disagrees with him is the reason for everything evil and bad.
 
Fun fact?
There's not a single legal binding deal at the moment.
Ursula von der Leyen is not authorised to conclude such agreements for the EU.
Of the five other ‘deals’ that Trump has negotiated so far (United Kingdom, Indonesia, Vietnam, Philippines and Japan), only the text of the agreement with the United Kingdom is available. This is rather vague in terms of content and also contains the explicit statement that ‘both the United States and the United Kingdom recognise that this document does not constitute a legally binding agreement.’
 
It’s true the company is taking a $2 billion hit from the tariffs, meaning it’s profits are expected be lower by that amount. It’s full year guidance says the company expects adjusted earnings before interest and taxes to be between $6.5 and 7.5 billion. The stock is up 12.2% year to date as of market close yesterday.
 
The numbers for the last month have been revised. Americans have gained 2.5billion jobs. Additionally, inflation has been adjusted for the year 2020 to be -386%

The final GDP numbers are out for the entirety of 2025 and 2026. 2025 was 75% growth and 2026 is 150%

For the Biden and Obama years, unemployment has been adjusted to a 7000% increase.

Praise be dear leader and thank you for your attention on this matter.
 
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