Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Latest Breaking News
In reply to the discussion: Payrolls rose 22,000 in August, less than expected in further sign of hiring slowdown [View all]Wiz Imp
(7,145 posts)27. Trump's Labor Secretary blamed Fed Chair Powell for the weak report.
She also lied and her attempted spin was so weak as to be pathetic.
https://www.cnn.com/business/live-news/us-jobs-report-august-2025
Trumps labor secretary blames Powell for jobs report, says numbers underperformed just a bit
Labor Secretary Lori Chavez-DeRemer denied that tariffs have anything to do with the weak jobs numbers Friday, laying blame on Federal Reserve Chair Jerome Powell for refusing to bend to President Donald Trumps pressure to lower interest rates.
Well 22,000 jobs underperformed just a bit, but its still in the positive, almost a half a million jobs have been created since the President took office, she said.
Asked if tariffs have anything to do with the slowing job market, Chavez de Remer said, Tariffs are working.
How do I know this? Because companies are reinvesting in the American workforce. Were seeing the consumer confidence up. Were seeing real wages up year over year, almost 4% real wages are up, she said.
Well 22,000 jobs underperformed just a bit, but its still in the positive, almost a half a million jobs have been created since the President took office, she said.
Asked if tariffs have anything to do with the slowing job market, Chavez de Remer said, Tariffs are working.
How do I know this? Because companies are reinvesting in the American workforce. Were seeing the consumer confidence up. Were seeing real wages up year over year, almost 4% real wages are up, she said.
Jobs are up by almost 500,000 (+487,000) since January but that represents extremely weak growth. As a comparison during the previous 7 months (The final 7 months of Biden's term) job growth was 1,138,000. Over Biden's entire Presidency, we averaged +336,000 jobs a month. Under Trump so far? +70,000. Even if you just include the period after jobs surpassed their pre-pandemic peak, Biden's average was 216,000.
She's says consumer Confidence is up, but that is false. There are 2 measures of Consumer Confidence. The Conference Board's Consumer Confidence Index and the University of Michigan Index of Consumer Sentiment. Both showed a spike in June, but both have declined since then and both are down since January (beginning of Trump's term) and over-the-year.

https://www.conference-board.org/topics/consumer-confidence/
DATE OF SURVEY INDEX OF CONSUMER SENTIMENT
August 2024 67.9
September 2024 70.1
October 2024 70.5
November 2024 71.8
December 2024 74.0
January 2025 71.7
February 2025 64.7
March 2025 57.0
April 2025 52.2
May 2025 52.2
June 2025 60.7
July 2025 61.7
August 2025 58.2
https://www.sca.isr.umich.edu/
She also said real wages were up 4% year over year. According to BLS the true year-over-year increase is only 1.2% for hourly earnings and 1.4% for weekly earnings.
https://www.bls.gov/news.release/realer.t01.htm
Edit history
Please sign in to view edit histories.
Recommendations
0 members have recommended this reply (displayed in chronological order):
45 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations

Payrolls rose 22,000 in August, less than expected in further sign of hiring slowdown [View all]
BumRushDaShow
Sep 5
OP
Both payroll employment (+22,000) and unemployment rate (4.3%) change little in August
mahatmakanejeeves
Sep 5
#1
tRump job axing & ICEing makes Wall Street say there is a new balance point around 70 k, not 250K as of old. . . nt
Bernardo de La Paz
Sep 5
#18
So +22,000 jobs in August, and June and July were revised down by a combined 21,000
progree
Sep 5
#6
The numbers being reported are seasonally adjusted numbers, so I wouldn't expect an uptick in September
progree
Sep 5
#36
Yes, multiply Cdn numbers by 9 to compare w US or divide by 9 going the other way.
Bernardo de La Paz
Sep 5
#19
Canada working hard on it, but so are the Europeans who are probably going to link up with MercoSur
Bernardo de La Paz
Sep 5
#33
"4 straight months of manufacturing job losses stand out. It's hard to argue that tariff uncertainty isn't a key driver"
progree
Sep 5
#16
Next month should be interesting as the fired federal workers start to get counted.
travelingthrulife
Sep 5
#29
It's bad out there. Super over-qualified people are taking entry level jobs and taking pay cuts.
SunSeeker
Sep 5
#35
MaddowBlog-U.S. job growth turns ugly over the summer as Trump's economic agenda falters
LetMyPeopleVote
Sep 5
#38