As seems to be the case recently.

Most of these jobs are because Americans are older and sicker.


"U.S. hiring, though, has been dominated by one industry: Healthcare companies, catering to an aging American population, have added 360,000 jobs over the past year; other employers have combined to cut 120,000 over the 12 months that ended in March."

They've lowered the bar so much that bad jobs reports are hailed as good news.

If Joe Biden would have had these numbers it would have been headline negative coverage for weeks and people demanding he resign.

And you know they are going to revise these numbers down. And look where the jobs are coming from, medical for baby boomers and retail. The US is a nation of clerks and waiters. There was actually a drop in manufacturing jobs.

Smokey Bones restaurant chain and 5 other corporations here in East Tennessee have closed in the last 2 months. And you know what we are getting instead? Uranium processing plants. Several of them.

They are creating a new cancer alley in the Smoky mountains. Enjoy your visit to Dollywood and the Smokey mountains. The radiation will be waiting for you. Let's hope a tractor trailer spill or another major flooding doesn't spread the radiation further out.

And here's the kicker. No one in the local area is going to get those high tech uranium processing jobs. Tennessee doesn't have that educational infrastructure for jobs like that. Those jobs are going to other states that have high tech education or from foreign countries.

not that long ago

For context, under Biden, we failed to exceed at least 100,000 jobs created in only 8 out of 48 months. In 15 months under Trump, we've exceeded 100,000 only 4 times. So Trump has been under 100,000 in 11 out of 15 months, more times than Biden was in over 3 times as many months.

Overall, under Biden we averaged over 320,000 jobs a month. Under Trump so far, we've averaged 31,000 jobs a month. That's less than 1/10 as many jobs created per month as under Biden.

will be laying off in droves.

If their lips are moving, they are lying!🤥

Lutnick, Navarro, & Bessent

Compiled by Kash & Associates

hell, the current administration lies so much, it's probably much lower if not (-).

Sad, we used to be able to trust BLS numbers. But not with Trump or Republicans in charge.

The media? AP is typically reasonable, but I don't trust most of them either.

So ....

saying is a recession coming. They questioned every month whether a recession was coming even while he had over 300,000 jobs gain.

150K jobs are needed just to keep up with the increase in working-age population.
Also, the unemployment figure excludes long-term unemployed -- those who have given up looking.
The participation rate is at historical lows, too.

I have no idea why people have kept saying this for decades despite being absolutely, 100% wrong.

You do not need 150k jobs per month to keep up with population. This isn't true. It's not a good rule of thumb.

Last month the entire population change was 97k. That's not the increase in the working age population. That's the entire population considered for these statistics (over 16, civilian non-institutionalized).

People retire. Unless you want to put retired people to work, the participation rate is going to remain near or at historical lows until people start dying at 70 again.

It wasn't true for Bush. It wasn't true for Obama. It wasn't true for Trump 1. It wasn't true for Biden. And it's still not true for Trump 2.

And yet it persists as an easy shortcut to complain about jobs numbers when politically convenient. Virtually nobody here gives a damn about understanding what these employment statistics mean. It's always a cudgel.

and according to the Dallas Fed, the 250k baseline was still the measuring stick "especially in 2024 and early 2025" until, what I can tell, the dramatic fluctuations in immigration caused this baseline figure to be changed downwards. The more people Trump deports, legally ot otherwise, and the fewer he allows to migrate here, make his jobs created numbers look better.

So the Fed, too, says it was 250,000 under Biden but now it is whatever under Trump.

Now I understand...

The working age population has increased by about 33 million over the past 25 years. That works out to about 110,000 per month, so that is the figure that is currently needed to keep up with population growth. However, in the 25 years prior to that, working age population increased by over 45 million, or about 150,000 per month. So that is where that rule of thumb came from and it was absolutely accurate through about 2010, when population growth began to slow.
https://fred.stlouisfed.org/series/LFWA64TTUSM647S

....over the last 40 years has been the persistent decline of labor, not growth. Profits are growing without people. Those with jobs are increasingly in the minority. Congress just buries its head in the sand.

Of course Republicons are gutting the "safety nets & they have succeeded to privatize the suffering. Rarely you see a bread line, soup line, job line....in fact it is somewhat the opposite....you look outside & see/conclude "everybody has money & is so busy." But it is not progress...these problems are not solved...they are getting worse... you just cannot see them physically manifesting as it was in past history, but stop & talk to people one on one like I do, everyday. Millions in the US are hurting & being hurt.

The don't see any connection between their vote & positive change in their lives. In fact, they see corporations and govt making Americans grovel again.

The predatory debt, the medical & mental illness, the addiction, the anger, the unemployment (within the marginalized groups, the over 50, the unskilled, the "over educated" research/ scientists, the public workers etc.).

Reminds me of the 70s & 80s....we were all living together & pooling whatever money & resources we all we able to obtain, however we were able to obtain it/them.

So much winning.

Link to tweet

President Biden and Obama were in office, anything under 200,000 was considered bad news for job numbers .

If the economy created 200,000 jobs under Biden, the media talked about a recession. The number is 115,000 now and it's strong and defiant. The labor force participation rate was a big topic under Biden. But it just hit its lowest level in 4.5 years and gets a brief mention toward the end of the article. This is why economic numbers are always better under Democrats but polls often show the GOP favored on the economy.

and the government is lying to us

these numbers. I had not seen any news reports of major hirings anywhere, unless I missed them.