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thewayneDamn that Biden and his trashing the economy!
Of course that statement is not serious, our economy was doing a great job before someone appeared to take an oath of office last year in January.
Easiest just to quote the article. "Preliminary data had indicated that the U.S. economy added 584,000 jobs last year. But the Bureau of Labor Statistics revised that number after it received additional state data and found that the labor market had added 181,000 jobs in all of 2025."
In 2024, 1.46 million jobs were added to the labor market. I can't imagine what event happened between '24 and '25. that could have caused such a change.
A decline to 12% of the previous year. Now THAT is a stellar economic policy! If you divide it up by 12 months and 50 states, that's 300 jobs per state per month. Which clearly isn't the case, but as a rough indicator it's a bit frightening. Fast food franchise employee turnover per state could probably account for that many people!
Things are perhaps looking better for '25: preliminary numbers for January show 130,000 jobs added where 55,000 were expected. But those numbers will be revised in a month or so, thus are not final. But this post and the NBC article were written before someone started World War 3 by trying to destroy Iran, so who knows what the economic backlash will happen here. We know the oil industry and market will be turbulent, we can anticipate the national debt will go up as something on the order of $11B was spent in the first week in expended munitions, and the companies that make said munitions will probably get a big boost. But overall, the stock market isn't doing that great, I know my funds and stocks are down and I'm not an aggressive investor.
A job market this stagnant can be signs heralding a recession, and we still have the growing AI bubble which has not yet popped which will gut the tech sector.
https://www.nbcnews.com/business/economy/january-jobs-revisions-trump-rcna258398
https://news.slashdot.org/story/26/02/11/1754240/us-had-almost-no-job-growth-in-2025
Of course that statement is not serious, our economy was doing a great job before someone appeared to take an oath of office last year in January.
Easiest just to quote the article. "Preliminary data had indicated that the U.S. economy added 584,000 jobs last year. But the Bureau of Labor Statistics revised that number after it received additional state data and found that the labor market had added 181,000 jobs in all of 2025."
In 2024, 1.46 million jobs were added to the labor market. I can't imagine what event happened between '24 and '25. that could have caused such a change.
A decline to 12% of the previous year. Now THAT is a stellar economic policy! If you divide it up by 12 months and 50 states, that's 300 jobs per state per month. Which clearly isn't the case, but as a rough indicator it's a bit frightening. Fast food franchise employee turnover per state could probably account for that many people!
Things are perhaps looking better for '25: preliminary numbers for January show 130,000 jobs added where 55,000 were expected. But those numbers will be revised in a month or so, thus are not final. But this post and the NBC article were written before someone started World War 3 by trying to destroy Iran, so who knows what the economic backlash will happen here. We know the oil industry and market will be turbulent, we can anticipate the national debt will go up as something on the order of $11B was spent in the first week in expended munitions, and the companies that make said munitions will probably get a big boost. But overall, the stock market isn't doing that great, I know my funds and stocks are down and I'm not an aggressive investor.
A job market this stagnant can be signs heralding a recession, and we still have the growing AI bubble which has not yet popped which will gut the tech sector.
https://www.nbcnews.com/business/economy/january-jobs-revisions-trump-rcna258398
https://news.slashdot.org/story/26/02/11/1754240/us-had-almost-no-job-growth-in-2025
no subject
Date: 2026-03-13 09:34 am (UTC)no subject
Date: 2026-03-13 06:31 pm (UTC)no subject
Date: 2026-03-13 06:38 pm (UTC)no subject
Date: 2026-03-13 10:28 pm (UTC)no subject
Date: 2026-03-14 02:51 am (UTC)That'd be nice! But it would take some major, major failures before data centers stopped ordering stuff.
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Date: 2026-03-13 10:19 am (UTC)Biden should be so ashamed of himself.
*tongue planted firmly in cheek*
Hugs, Jon
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Date: 2026-03-13 12:05 pm (UTC)no subject
Date: 2026-03-13 06:28 pm (UTC)Thoughts
Date: 2026-03-13 10:06 pm (UTC)* When people are too broke to buy things, the economy necessarily slows.
* When people have some money, but feel prices are abusive, they look for other options.
* Employers are looking to eliminate employees in favor of automation. This cuts the job market, which also slows the economy.
* There are a lot of barriers to starting a business. This does not help. If you want a thriving business, you need to make that cheap and easy to do.
* Capitalism is all about making money, not meeting needs. Consequently, that leaves a lot of needs unmet, which is not good for the economy.
* Nobody wants to do business with America anymore. Can't say as I blame them. So then some things are harder to get and more expensive, or unavailable.
Re: Thoughts
Date: 2026-03-14 02:55 am (UTC)Your first point is one of the most telling re: the stupidity of corps. Get rid of your workers, ignoring the fact that your workers buy your products, or the products of your fellow oligarchs. REALLY stupid policy! And your last point that's really going hurt us as we don't have the manufacturing base to make things.
Re: Thoughts
Date: 2026-03-14 03:23 am (UTC)Contrast that with the historic policy of Ford Motor Company, which paid its lineworkers enough to buy one of their cars! At the time, they were the biggest employer and paid FAR above minimum wage. Now Wal-Mart is the biggest and most of their employees are on government aid. >_<
>>And your last point that's really going hurt us as we don't have the manufacturing base to make things.<<
Long supply lines are always vulnerable. It's best to make everything as close to use point as possible, and only ship things that are so hard to make there are only a few factories.
no subject
Date: 2026-03-14 02:13 am (UTC)no subject
Date: 2026-03-14 02:53 am (UTC)It'll be interesting to see what that does for housing and traffic.
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Date: 2026-03-14 05:24 pm (UTC)no subject
Date: 2026-03-14 05:04 am (UTC)Regardless of how smart they actually are, the people who run businesses want to at least look like they're smart, and the current occupant of 1600 Pennsylvania Avenue is not even managing to look smart, and neither are any of his cronies. Small wonder there aren't all that many jobs available for people to get or to change into.
Maybe if we taxed wealth, there would be a better job market.
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Date: 2026-03-14 05:25 pm (UTC)Seems to me that the job market was quite a lot better when we did tax wealth...
no subject
Date: 2026-03-14 03:23 pm (UTC)