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Wiz Imp

(7,145 posts)
27. Trump's Labor Secretary blamed Fed Chair Powell for the weak report.
Fri Sep 5, 2025, 11:24 AM
Sep 5

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
Trump’s 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 Trump’s pressure to lower interest rates.

“Well 22,000 jobs underperformed just a bit, but it’s 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. We’re seeing the consumer confidence up. We’re 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

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Both payroll employment (+22,000) and unemployment rate (4.3%) change little in August mahatmakanejeeves Sep 5 #1
And June was revised to -13,000 bearsfootball516 Sep 5 #2
Hey wait...I thought Trump FIRED the reviser. Time to fire another one? Bengus81 Sep 5 #8
He's lying to show positive numbers relayerbob Sep 5 #44
Oooooooooooooooooooooooooooooooof Prairie Gates Sep 5 #3
88,000 jobs in the last 3 months Johnny2X2X Sep 5 #4
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
And now the good news...... twodogsbarking Sep 5 #5
So +22,000 jobs in August, and June and July were revised down by a combined 21,000 progree Sep 5 #6
Also note that these are initial numbers Metaphorical Sep 5 #34
The numbers being reported are seasonally adjusted numbers, so I wouldn't expect an uptick in September progree Sep 5 #36
Tariffs are kicking in relayerbob Sep 5 #45
Trump will tweet how 220,000 jobs were created last month Bengus81 Sep 5 #7
Canada lost 66,000 jobs last month and our unemployment rate went up to 7.1% OnlinePoker Sep 5 #9
Canada BumRushDaShow Sep 5 #10
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
I bet Canada is taking advantage BumRushDaShow Sep 5 #32
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
LINKS to some BLS Data Series Numbers and Graphs - progree Sep 5 #11
Is he going to fire this BLS person too? IronLionZion Sep 5 #12
What BLS Person? Wiz Imp Sep 5 #14
The nominee has floated releasing quarterly numbers rather than monthly Prairie Gates Sep 5 #15
Right. But the new nominee hasn't been confirmed yet. Wiz Imp Sep 5 #21
He'll dissolve BLS and replace it with BBS, bureau of BS IronLionZion Sep 5 #17
I'm developing IBS over the whole thing Prairie Gates Sep 5 #23
RFK Jr will help you out with that health issue IronLionZion Sep 5 #26
P. U. Prairie Gates Sep 5 #28
There goes another BLS commissioner mcar Sep 5 #13
"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
:-( Lemon Lyman Sep 5 #20
This message was self-deleted by its author Wiz Imp Sep 5 #25
On' bright' side, republicon billionaires made MEGABUCKS BoRaGard Sep 5 #22
We've entered an irreversible trump slump truthisfreedom Sep 5 #24
Trump's Labor Secretary blamed Fed Chair Powell for the weak report. Wiz Imp Sep 5 #27
Consumer sentiment graph to complement your consumer confidence graph progree Sep 5 #37
Next month should be interesting as the fired federal workers start to get counted. travelingthrulife Sep 5 #29
Another firing ? republianmushroom Sep 5 #30
Whow. Thanks for compiled articles. riversedge Sep 5 #31
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
Interest cuts won't fix the terrible policies that have wrecked this economy. Bluetus Sep 5 #39
The term "payrolls" is very confusing to me in this context. Trueblue Texan Sep 5 #40
See this post upthread BumRushDaShow Sep 5 #41
Higher probability that ... relayerbob Sep 5 #42
If they published 22000, it's safe to assume we lost jobs. Hassler Sep 5 #43
Latest Discussions»Latest Breaking News»Payrolls rose 22,000 in A...»Reply #27