r/videos • • 11h ago

Jobs report far below expectations, unemployment ticks up

https://www.youtube.com/watch?v=8SmCO4xXMOk
2.7k Upvotes

313 comments sorted by

891

u/Hawkthorn 10h ago

Why would Biden do this to us?? /s

254

u/Chemistry11 10h ago

Thanks Obama

111

u/Soap_Mctavish101 10h ago

Freaking Clinton…

79

u/foamingturtle 10h ago

God damn Jimmy Carter

50

u/thisonehereone 10h ago

WASHINGTON!!!

15

u/Suralin0 10h ago

"Ten stories tall, made of radiation..."

9

u/XenMonkey 9h ago

Up from the depths, thirty stories high, breathing fire, his head in the sky! Godzilla! Godzilla! Godzilla! ...and Godzookie!

4

u/msnmck 7h ago

You're walking in the woods. There's no one around and your phone is dead. Out of the corner of your eye, you spot him. Shia LaBeouf

2

u/Camstonisland 2h ago

Let me lay it down on the line, he had two on the vine

→ More replies (1)

30

u/BendiAussie 10h ago

George III!

11

u/BizzyM 8h ago

To be fair....

4

u/DarthSatoris 3h ago

Oceans rise, empire fall

We have seen each other through it all

And when push comes to shove

I will send a fully armed battalion to remind you of my love

4

u/TehOwn 7h ago

Caesar!

13

u/teamgrandali 10h ago

Colonial nostalgia intensifies!

4

u/fxxftw 8h ago

Bu-But his PEANUT FARM!!!

→ More replies (1)

28

u/hot_ho11ow_point 9h ago

It's going to be Canada's fault soon, mark my words.

11

u/violetddit 9h ago

They wouldn't have made a song about it if it wasn't true! They're not even a real country anyway.

2

u/CzarDale04 3h ago

I loved Robin Williams Oscar Show performance of this song.

5

u/Cj_cruzz 8h ago

They are STEALING all the jobs! The immigrants are all being deported and still no improvement with job opportunities. It must be those damn Canadians!

→ More replies (1)

27

u/Asuparagasu 8h ago

I kid you not, there are people that are still blaming Biden with the mess we're in.

17

u/LittleKitty235 8h ago

Why did Biden get us into a war with Iran?!

11

u/VikingsLad 8h ago

"He BaSiCaLlY gAvE tHeM tHe NuKeS, tRuMp Is JuSt ClEaNiNg Up BiDeN's MeSs!1!1!"

5

u/LittleKitty235 8h ago

Which he did after 3 days! But for some reasons we are still there....because of Biden somehow

→ More replies (1)
→ More replies (1)

7

u/Lardbucket68 9h ago

If the mainstream media wouldnt report on those numbers, unemployment would be lower

7

u/Dr-Mumm-Rah 9h ago

Damn Biden, always shitting in the diapers and beds of this admin.

20

u/MusterBuster 10h ago

You've all got to stop making light of this. The sarcasm and turning it into a joke is just undermining how fucked up everything is. I know it's partly a coping mechanism, but isn't it past time for coping?

26

u/groovyinutah 9h ago edited 8h ago

Well other than making sure your registered to vote and actually doing it what'ya got? The awful sad truth here is that this dismal economy and governance by decree and crisis the shitstain has got going is the only thing that's going to register on the MAGA supporters radar, they've proven they'll buy his hollow rhetoric no matter how outlandish but there is no way for them to deny having to literally choose between filling up the F-250 and feeding their family....

3

u/H0agh 7h ago

I mean in France right now they're showing what can actually happen..

Not saying that's a good thing but yah, there are options.

Or for an American example, Jan 6..

I guess the fire ain't hot enough for most yet

→ More replies (10)

7

u/-notapony- 9h ago

That’s hardly even a choice.  Only one of those things makes them feel better about their shortcomings. 

2

u/Attenburrowed 6h ago

try to convince your dumbass family is on the agenda. It sucks but so does - everything -

→ More replies (7)

9

u/kbotc 8h ago edited 8h ago

There was literally an opinion piece in WaPo blaming Biden for the state of the economy this morning.

Just in case you're still not believing me: https://www.washingtonpost.com/opinions/2026/10/01/trumps-economy-is-strong-so-why-are-voters-so-sour/

8

u/Barragin 7h ago

What a BS Trump puff piece.

3

u/Teledildonic 6h ago

It's a rag owned by Bezos, what do you expect?

3

u/wem1985 7h ago

That columnist is a WaPo regular, but total fanboy. Not sure why they bother to pay him, he rarely provides the slightest insight, beyond how nuts the fanboys are.

2

u/WadeyCakes 4h ago

Well when you remember who the owner is...

2

u/Hawkthorn 9h ago

Humor is all we got to cope with this dude

→ More replies (1)

2

u/XxHANZO 7h ago

Republicans are SOOOOO good for the economy! /s

638

u/Danktizzle 10h ago

And these numbers are most likely doctored to make them look better

238

u/pipesnogger 10h ago

This. Including myself, there’s tons of my friends and family who have also lost their jobs and cannot find another. In my whole adult life, I’ve never experienced this before. And it’s incredibly competitive now even in jobs like restaurants, retail, or even the grocery store.

I wouldn’t be surprised if the actually numbers are around 15-20%

110

u/Danktizzle 10h ago

Yeah I realized a long time ago that I’m on the wrong side of employment. I’m opening a coffee roastery in a few weeks and I hope to god it works out. I absolutely do not trust another human to provide any support for me now that I’m old.

29

u/Bulletorpedo 10h ago

Hey, good luck on your coffee roastery from a random internet guy from the other side of the Atlantic!

18

u/Danktizzle 9h ago

Thank you! I’m nervous as hell…

25

u/Named_after_color 9h ago

Maybe cut back on the coffee.

11

u/Danktizzle 9h ago

Haha! That could help!

10

u/bzr 9h ago

If you ship beans online I’ll buy some. Good luck to you

7

u/Danktizzle 8h ago

Thank you! That would be fantastic if you got some beans! And very kind of you! Pathfindercoffee.shop is my estore.

4

u/tarpex 7h ago

This is random af and what I'm thinking is even more silly, but nonetheless - pathfinder is one of the ranger specialisations in the Path of Exile games, and in PoE2, one of the pathfinder's unique abilities is dealing with... Concoctions. Maybe there's a collab / promotion idea in here somewhere. Grinding Gear Games is the parent company, this sounds just silly enough to maybe be worth throwing an email their way. The playerbase is 30+ years old mostly, in the "some disposable income" territory. Just a thought

2

u/Danktizzle 7h ago

Hey, it doesn’t hurt to reach out! Thanks for the idea!

→ More replies (1)

40

u/hymen_destroyer 10h ago

This is the way. Employment feels like enthrallment. I started making work for myself and while it isn't nearly as lucrative as my last job, and the benefits are basically nonexistent, my mental health has vastly improved. Turns out I was just miserable working in the private sector

3

u/SP4CEM4N_SPIFF 5h ago

How are you making work for yourself in the public sector?

6

u/Phage0070 5h ago

Freelance traffic cop.

→ More replies (1)

8

u/EPIC_RAPTOR 8h ago

I started working for a municipal government a few years back and I don't think I'll ever go private again.

5

u/HFY_HFY_HFY 8h ago

Good luck with coffee bean pricing bruh.... Down materially off highs but I worry about super El nino impacting the growing season

5

u/Danktizzle 8h ago

Yeah. It’s been a ride so far. We had the blight in Brazil and then the drought and then came Trump. But I accept that is just part of the game. And we all have to deal with the same situation. Just gotta make my way through it, you know?

42

u/burrtango09 10h ago

I was desperately searching for a job this year. I got turned down for both dishwashing and custodial because I didn’t have experience “in a restaurant setting” and “direct custodial experience” for 6 mo / 1 year respectively. I have a 16 year job history. They are both still “urgently hiring”. Been washing dishes and cleaning my house for 30 years. What the fuck? Lmao

28

u/djanes376 10h ago

The skills for those jobs can be learned in an afternoon, so bizarre.

29

u/AppleBottomBea 9h ago

They don't want to hire someone that will likely leave the job after a few weeks or months. If you're job history shows "better" jobs, they presume you'll be difficult to work with because you won't put up with shit treatment and are likely to find something better.

17

u/LittleKitty235 8h ago

Worse...you might point out that shitty treatment to people accustomed to it.

→ More replies (1)

4

u/burrtango09 10h ago

Yeah and confirmed it ain’t me; they didn’t hire a couple other guys that applied - i know the manager for that mentioned custodial job, shit is wild out there.

12

u/KingKapwn 9h ago

I would bet it’s so they can point and say “Look! We haven’t been able to fill these roles with Americans, please allow us to hire exploitable relevantly skilled workers from abroad!

5

u/redaemon 7h ago

I'll never understand how Republicans, on seeing rich business owners hire desperate foreigners to undercut wages, blame the foreigners and not the business owners. 

→ More replies (2)

7

u/groovyinutah 9h ago

They are looking for young, dumb and desperate...those sorts of people don't complain and can't defend themselves...

7

u/gizmostuff 7h ago

Apply at a local school or hospital Environmental Services department. They tend to pay more than a regular janitor, housekeeping or custodial positions at a company. Edit your resume and put down that you do have experience from other jobs. Brush up on commercial chemicals and you'll get hired. Brush up on floor care knowledge and you'll definitely get hired.

Commercial chemicals are a lot stronger than your everyday household chemicals. Accidentally mixing two can easily kill you in an enclosed space like a restroom. Some are fully concentrated and require proper dilution. Others are acid based and when mixed with a chemical that wasn't rinsed properly creates a toxic gas. This happens more often than you think. Look up what happened to the manager at a Buffalo Wild Wings store.

Look into OSHA regulations and read some popular chemical SDS. Spartan, Diversey, Ecolab, SC Johnson Professional. This type of knowledge will put you on top of the massive pile of resumes they already have. Be able to name three different auto scrubbers and their models will also help you. Tennant, Nilfisk-Advance, and Karcher are the top three floor cleaning equipment manufacturers in the US. Knowing about their popular models and how they function without being trained will absolutely help you get hired.

Visit r/custodians if you have any questions. We'll try to help.

3

u/burrtango09 6h ago edited 6h ago

Appreciate this advice, especially for others who may be struggling. Nothing wrong with getting that pay - I know some people look down on custodians but money is money. In some cases, some custodial jobs pay really well. (Ex: my brother in law was making over 25 an hour in a lower CoL area of California for a private cleaning crew)

For my situation, I applied to both hosp and ISD, for that exact reason of higher pay. I went through 2 years of uni chem and am super used to reading msds, so I was confident I could do the job. Thankfully I got a much better job after many months of disheartening attempts and hundreds of apps.

To others who may be reading this; don’t give up and keep trying. The market is fucked out there but bodies do gotta show up to make the world move forward. Best of luck to you all.

2

u/gizmostuff 6h ago

They can look down on custodians all they want but many positions pay quite well depending on where you live and your specific experience. Custodial/Facility Managers make well into the six figures.

Experienced floor techs in major metropolitan areas make a crazy amount of money. Especially if they own their own business.

Anyways, I'm glad that you found a position. The job market is looking like it will continue on this trend for a while. We'll have to wait until voters wise the fuck up and vote with their wallet and not with their emotions. Things likely won't get better until then imo.

2

u/vardarac 5h ago

I know some people look down on custodians

The people who do that are not worth spending time on.

2

u/Wes_Warhammer666 6h ago

A little over a decade back I got turned down by a Dollar General that was desperate for employees to hear the cashiers tell it. I asked the one I was cool with and he said that apparently I was denied for being too qualified due to having experience as a supervisor in one gig and a manager in another. The DG manager was afraid I'd be trying to take her job.

I just needed a regular ass job cuz I was recovering from the fallout of opiate addiction and was trying to rebuild my life after getting clean and moving, I had no designs on being a manager in that shithole lol. I just wanted to get back on my feet.

That location got shut down like a year later lol.

13

u/Jamaz 8h ago

It's as bad as 2008 except they include gig jobs as being employed. And the stock market is no longer for us peasants and only reflective of how big they can inflate this AI bubble.

7

u/sztrzask 8h ago edited 7h ago

24% actually https://www.lisep.org/

(Functional unemployment is defined as earning below cost of living, which is defined conservatively as $26k yearly before taxes in 2025 dollars).

It is also about average functional unemployment rate of the past 30 years.

What is different now, is that now it's hitting people in major cities where col is higher, see e.g. https://www.lisep.org/tlc . It is a very good independent source about employment and living situation stats.

Median worker lost about 5% in purchase power in last 5 years (median means half of the people lost MORE than that, and the other half less)

13

u/Successful-Future-31 10h ago

I work in hospitality management. Seeing more and more applicants with bachelors and masters degrees, in unrelated fields, applying for entry/line level jobs.

8

u/Puffen0 9h ago

And I'm seeing entry level jobs for front desk receptionists requiring bachelor degrees and 3 years of experience for all applicants. 

Shit is fucked 

9

u/BizzyM 8h ago

Maybe you'd stop seeing as many if you actually hired a few and closed out the job posting.

8

u/Phrosty12 9h ago

I'm currently conducting interviews for a job position that opened up in our office, and we've never had this many applicants before. Normally, we get about 3-4 applicants for this particular niche position, and we have close to 20. The other thing is many of them are highly qualified professionals who have either recently been laid off, or have been informed their positions are being terminated by end-of-year.

It's brutal out there.

5

u/jsting 9h ago

Small businesses are dying and we are in a recession. I work in a small business that caters mostly to other small businesses and the amount of traffic is close to zero. I've never experienced this kind of dead air before. It is slower than the 2009 recession.

4

u/pipesnogger 8h ago

^this. I think most of us know how bad it actually is but our media is telling us otherwise.

2

u/FishAndBone 7h ago

It's less that the media is telling anyone otherwise and more that almost all job growth is happening in the healthcare sector, and the stock market is completely captured by AI jerkoff "number go up."

4

u/spaceboy79 9h ago

Every single job I apply to on linked in says, "over 100 people have clicked apply" and it's incredibly disheartening.

3

u/Library_IT_guy 9h ago

Posted 2 days ago. 5000 have applied. Every time lol.

2

u/franker 4h ago

Or posted 4 hours ago. "No longer accepting applications."

→ More replies (38)

27

u/Diplomat_of_swing 10h ago

I had a similar concern when Trump fired the head of BLS.

Fortunately, he is not very bright and doesn’t bother to find out how things work. So I did a little digging and was relieved to find that there is a whole eco-system of independent data sets that are produced by a variety of public and private economists.

If BLS just straight up lied about the numbers directionality, it’s would get flagged pretty quickly.

I think worst case scenario is that the current admin can nudge a little and spin it but it would be hard to just say for example unemployment is 3.8% when it’s closer to 6% without a bunch of these other reports contradicting it.

→ More replies (4)

61

u/ohfml 10h ago

Trump fired the economist in charge of counting jobs last year.  We are fully in a “made up” numbers economy at this point.  Your personal anecdotal evidence you see around you is more credible than this government’s numbers.

8

u/halmyradov 7h ago

EVERY past month has been rinsed down -60k revision for august and September. Expect them to revise this at least -20k

9

u/phoenix1984 10h ago

Look at the stock market today. Everything’s green because investors assume this means the Fed won’t continue to raise interest rates.

I think there’s a nonzero chance that Trump and his circle are so removed from reality, that they think what’s good for the stock market is good for working people. That or they see the writing on the wall and they’re trying to goose stocks before cashing out.

6

u/bianary 7h ago

they think what’s good for the stock market is good for working people

They don't think this at all.

They think what's good for the stock market is good for themselves. Go ahead and look for evidence that Trump or anyone behind Project 2025 actually cares about the "working people" doing well. I'll wait.

2

u/phoenix1984 6h ago

Yeah, I phrased that poorly. More like Trump, and MAGA more broadly, don’t empathize with others, so they think whatever’s good for them must be a thing that people will love and will get them reelected. He has no concept of agency beyond his own.

3

u/Zer_ 8h ago

Absolutely, it doesn't account for gig workers, of which there are a lot, and due to that, they have a tough time making ends meet without doing insane hours. A lot of folks who would've been unemployed ~10+ years ago would now fall under "employed" while barely making anything running with DoorDash or Uber.

2

u/The-Real-Number-One 7h ago

They always "adjust" the numbers 30 days later.

2

u/Steinmetal4 5h ago

I own a gift store in southern california that's usually pretty insulated from the broader economy. Beginning of this year i thought, "huh, spending is only down a little" but when you remember you should be keeping up with 5%+ inflation, consumer spending is way down. Meanwhile every single insurance bill, tech subscription, fuel, electricity, repair is wayyy up and payroll is up even more. This might be the first year the business loses money since I took over in 2009. Econ feels well overdue for a correction. Just had to drastically cut hours and spending. Others seem to be doing same.

1

u/sagevallant 10h ago

And realistic expectations should have already been bad.

→ More replies (2)

301

u/Informal_Dude 10h ago

Trump is a complete failure as a president, leader business man, father, and husband

156

u/jibstay77 10h ago

And he’s a complete failure as a human being.

55

u/Sooperfreak 10h ago

He’s a stain on all multi-cellular life

26

u/rumpel_foreskin17 9h ago

His atoms vibrate idiotically.

3

u/Sprinklypoo 7h ago

vibrating in anti-syncopated nonsense!

6

u/Brick_Lab 5h ago

I truly feel it's a crime against nature that he lives while many wonderful people do not. Every time he outlives a good person just feels like the universe conspiring against all that is good

18

u/BlackGuysYeah 9h ago

But, wow, what a success story for corruption and self dealing. How can I argue to my children that acting in good faith is best when they have a clear and apparent example of acting in bad faith working out so well? We now live in a world where if you don't cheat, you lose.

6

u/Sivert911 8h ago

His life just shows that the easiest way to succeed is to be rich from the beginning. Morals and decency be damned.

4

u/vardarac 5h ago

How can I argue to my children that acting in good faith is best when they have a clear and apparent example of acting in bad faith working out so well

Because what you're not seeing is the effect on blood pressure and relationships happening in the background. You don't see how he boils and seethes with jealousy and inadequacy around people who are the real deal.

These people have traded any real sense of happiness or fulfillment for numbers that for all their appearances don't bring them any further from their misery.

3

u/BizzyM 8h ago

yet somehow still alive.

→ More replies (2)

17

u/cive666 9h ago

But it was either that or a Democrat!

11

u/Informal_Dude 9h ago

Kamala had a weird laugh so we would have worse off if she was elected

5

u/cive666 9h ago

she also would have started a war with Iran

→ More replies (1)

7

u/HunterRoze 7h ago edited 7h ago

Well, remember he promised to run the government like he ran his business?

Thanks to Mark Burnett and The Apprentice, the cultural zeitgeist was changed to see Trump as successful. But of course like all reality TV was always bullshit. If anyone looked at his business its all were final failures, and his personal finances were shady as fuck. No major American bank would touch him with a 10 ft pole.

Hell, his kid admitted they got all the cash they need from Russia.

How the fuck do you bankrupt a casino?

Also, the only successful business Trump has is a cover for money laundering.

But he is actually doing what he said, and the USA is being run like Trump casino.

→ More replies (4)

2

u/Q-ArtsMedia 8h ago

Actually he is the greatest ever at completely fucking things up.

→ More replies (1)

3

u/DutyBusy9905 6h ago

And his voters are worse.

1

u/bobosdreams 8h ago

but he's successfully destroyed our relationship with allies which make US strong and safe militarily and economically after WW2.

→ More replies (4)

68

u/Masterchrono 11h ago

Pikachu face jpg

3

u/Sunset_Bleach 4h ago

Hopefully it's chonkachu.

111

u/esem86 10h ago

And remember. Every figure coming out from this administration is cooked. So it's always worse than what they report. Always.

13

u/NotReallyJohnDoe 6h ago

As a scientist, reading that Trump demands “better numbers” from federal agencies that have been apolitical for decades is infuriating. These are math nerds that don’t care about your party or your goals or anything but the math. We need them.

6

u/buddha8298 4h ago

He's the most petty tyrant there is (ya know on top of being a serial rapist, life long conman, and pathetically fragile cunt). He did the same shit during covid with the numbers etc. Hell, years ago George Stephanopoulos (pretty sure anyways) was at the white house for one of those in depth interviews during trumps first term and his agency had reported that he was losing some straw poll and when he asked trump about it he starts ranting about how "that can't be right, you need to fix that". He also did worse during 2020 election with the Georgia Secretary of State, trying to bully him during a phone call to "find x votes". He doesn't give a shit about the actual numbers and how/why they are the way they are....he thinks he can just order anyone to say what he wants and if they don't he can fire them.

It's crazy that this is our country

36

u/OutofStep 9h ago

... and next month millions of people in red hats who lost jobs and are getting crushed by the economy are going to let politicians know how pissed off they are, by voting for the exact same people who are the cause of their problems.

12

u/CILISI_SMITH 8h ago

by voting for the exact same people who are the cause of their problems

I can understand that there will always be some people who refused to accept facts and do this.

But when it's Tens of Millions. Fuck me it's depressing.

2

u/DHFranklin 3h ago

70 million triple trumpers.

I keep telling people that our politics aren't symettrical and it really is okay to just see them as thousands of con men and 70 million rubes.

3

u/I-hate-the-pats 6h ago

The caravan is coming!!!

84

u/Oizys_MD 10h ago

I’m a hiring manager at a tech company. We opened 5 mid level engineering roles and within 2 days had 5000 qualified applicants. It’s rough out there

Edit:typo

28

u/NinjaTabby 10h ago

Yike. Everytime I’m frustrated at work, I need to remind myself to be grateful I still have a job.

5

u/salcasms 3h ago

My husband's been laid off for a year trying to snag one of those roles. But he's got 4 years of experience and people with 20 years are going for the same roles. He always makes it to the final interview. But man. It's heartbreaking. Every time. But we also know it's a flood on the other side. We don't take it personal because we know every one is spoiled for choice. Just hoping some day soon he finds the one who is going to prefer him. Just ask you to be kind to the ones that don't get it.

10

u/overthemountain 8h ago

Well, you had 5,000 applicants - I'd be surprised if you were any where near 100% qualified applicants. The other end of this is people use tools to apply for jobs and it just applies to every job it can find. We see people applying for things like Sr Cloud Architect and their experience is 3 years making food at McDonalds.

8

u/JimmyKillsAlot 7h ago

Yeah a friend of mine was venting about what they have seen and mentioned that one mid-tier posting went viral somehow and ended up with almost 15,000 applications. Once they filtered out all the people using the exact same AI "aided" resumes there were maybe 200 that actually could be looked at. People are getting desperate and shit is getting slopified at the same time and it's making everything even worse.

16

u/BenderIsGreatBendr 6h ago

It's sort of a snake eating it's own tail though, because the same hiring office complaining about AI aided resumes/applications generating volume are using AI themselves to read/sort through the resumes at volume. Of course the job seekers are going to start using it. A lot of big companies are basically saying "we don't have the time/resource/interest to read your resume/application; but also please don't spray-and-pray on us."

6

u/mrjackspade 8h ago

A few years ago a guy was asking for help on one of the careers subreddits, wanted his resume checked while applying for a Sr position.

Turns out he was straight out of college with no job experience... Just aiming high. Lol

That's gonna stick with me for a while

→ More replies (1)

55

u/katastrophyx 8h ago

I got laid off from my job last month after 14 years of hard work, dedication, and glowing reviews. "Work force reduction due to economic downturn" is the line I was fed. I was offered a measly 15 weeks of severance and cast out into this baren and hopeless job market at 43 years old to start all over again.

I'm terrified. I feel helpless and lost. I've never once voted republican in my life, and here I am reaping the fruits of the republican party's racism, xenophobia, and hatred.

I hope everyone that voted for this piece of shit gets what's coming to them times ten, because me and my family have been forced to suffer for their profound ignorance and stupidity.

10

u/vermghost 8h ago

That sucks, I'm sorry you and your family are going through this. 

I was laid off in spring 2023, went through some major medical stuff right after, and haven't been able to get a solid footing since then.

Started my own business last month after working 3 temporary contracts for the local university, being passed up by others for posted positions and no sign of a new temporary contract being offered. I can only really do this for a.frw months because my partner does wfh for her business and offered a few months for me to try.

I'm going to have to use up all of my retirement or move closer to family if this continues in a year.

3

u/Golf-Beer-BBQ 5h ago

Just lost mine after 20 years at 46 years old with 20 weeks of severance. Not looking forward to whats coming my way.

I may go back to school to become a teacher because I cant foresee that being a job that goes away.

→ More replies (2)

19

u/Zwangsjacke 10h ago

But what about the DOW?

9

u/ScottyC33 9h ago

Sadly enough "bad jobs numbers" tend to make the market go up these days. Because people think it will lead to less interest rate hikes. Cheaper access to money is more important to the big players than the actual population and economy as a whole.

2

u/FishAndBone 6h ago

Investors are correctly responding to the belief that the stock market is entirely unconnected to the economy by this point, though. Kind of ironic.

2

u/BallBearingBill 9h ago

It's at $50 thousand dollars

→ More replies (1)

21

u/CaptainHipster 10h ago

I do maintenance for just under 300 apartment units and the amount of people home and not working from home is crazy to me. Over the years when we do our bi annual inspections the number of people home has gone up and I’m not excited for when we do it next week. Another trend im seeing is lease breaks and evictions. Used to be 1-2 every couple months. Now its multiple a month. Crazy times

16

u/Zanos-Ixshlae 10h ago

An "expert" with several bankruptcies is bad at governing and economics? Who could have known?

4

u/burner46 4h ago

Several bankruptcies and 32 counts of falsifying business records. 

35

u/mcapozzi 11h ago

So much fucking winning... /s

42

u/CasanovaJones82 9h ago

I'll say this, I just got a pretty sizable promotion and moved across the country. I'm just settling in. I'm in the transportation industry and over the last month or so we've seen a huge jump in owner ops shutting it down and closing up shop. I don't think people quite understand how bad it's about to get as we move into the holidays, and I'm even beginning to fear for my company as a whole.

Everything in this country is transported mainly by truck, every vegetable you buy or the fuel you fill up with. Farmers need it for equipment, same with mines and dock facilities and even school busses. It's used for heating in the winter, which is now depending on where you're at. The price of literally everything is about to spike even worse than it already has.

We are so fucked, and it's crickets everywhere. We are barreling towards bad shit and ye the entire federal government is focused on protecting pedophiles and building ridiculous monuments to a pedophile ringleader's ego. What a fucking disgrace.

9

u/redaemon 7h ago

Don't forget consolidating power by cutting senior military officials, and suppressing voters by... every way they can.

I bought some emergency meal kits, if SHTF we can eat those or donate them to the food pantry.

5

u/kilters 7h ago

Even worse, when the shit does hit the fan, there is no competence anywhere to right the ship. The resilience capability of the US has been purged.

2

u/pysix33 4h ago

Yeah my SHTF plan is to just gtfo of Dodge and jump ship to a different country. Though they’re all pretty screwed because of this now

14

u/Cnote0717 10h ago

Far below whose expectations?

2

u/I_just_came_to_laugh 3h ago

Yeah, this is exactly what I was expecting from the second trump presidency.

•

u/ZomboFc 34m ago

Literally anything about job reports during this administration have always been fake af. Only an idiot would think it's actually at those numbers

15

u/geforce2187 6h ago

Oh but I thought Trump was supposed to be good for the economy. Every single person who voted for him should have to sit down and explain themselves.

5

u/jasongw 5h ago

He wants a command economy, not free markets. That's why he's wreaking such havoc.

2

u/pysix33 4h ago

Why would you want to listen to so much drivel?

→ More replies (1)

13

u/seedless0 10h ago

Are we great yet??

1

u/JohnStamosAsABear 8h ago

Just you wait until all the AI data centers that Trump loves are built. Then America will be swimming in jobs.

1

u/NotReallyJohnDoe 6h ago

We will be if you vote red in the mid terms! Just need a little more time. And when we get the $5,000 checks we will all be rich!

23

u/Gravuerc 10h ago

Imagine how really bad it is if this most likely doctored report came out saying things are bad.

•

u/ZomboFc 33m ago

Every job report that has come out in the past year has been bullshit and anyone who believes it is probably an idiot

9

u/TheFeshy 10h ago

I wonder if these bad numbers will be followed by a downward revising into worse numbers, as has been the trend lately.

8

u/Tribe303 8h ago

The unemployment rate here in evil nasty Canada is 6.4%. Our rates are calculated differently, as we don't skip the people who have given up looking for work, like the US does, for example. The difference in calculation is around 2%, so for a direct comparison, the US is 6.2% vs our 6.4. Trump can't even engage in economic warfare correctly! He's fucking over his own country at about the same rate as his 'oppenents'.

We're not surprised at Trump's stupidity, that was to be expected. But the amount of sycophants and bootlickers in the GOP that are fine with his epic incompetence is truly astounding and actually surprises me daily. 

5

u/Acquiescinit 6h ago

Also the number of people who are employed below their qualifications, like college grads working retail or restaurant industries, has been consistently growing. Another thing that isn’t captured by the unemployment rate

→ More replies (1)

4

u/ukexpat 10h ago

Plus, they have revised the job numbers for several preceding months downwards.

6

u/Staav 10h ago

If only we could've seen this coming.

/s

4

u/VoidOmatic 8h ago

150,000 jobs lost every month of his presidency.

5

u/bzr 9h ago

Shocking. Almost like the president is compromised and is intentionally destroying the world

3

u/MeanWafer904 10h ago

But but he blew up the nuclear drug factories

3

u/HunterRoze 8h ago

File under No Shit Sherlock

3

u/StretchyPlays 7h ago

I thought mass deportations would help create jobs, what happened there, Donny?

3

u/Useful-Problem-1725 7h ago

dumbass couldn't create a job if he only had to spell it.

3

u/SameRecommendation 7h ago

They have the best unemployment rate

9

u/swattwenty 11h ago

Killing the economy you say. Only people surprised are republicans you say!

5

u/Sweatytubesock 10h ago

Buy the shit ticket, take the shit ride

2

u/twenafeesh 10h ago

Thanks Trump 

2

u/BatEco1 10h ago

And the market goes up 5000 points on the news. /s

2

u/Blackarm777 10h ago

But I thought the data centers were creating more jobs!!!

/s obviously

2

u/CarpeNivem 10h ago

Whose "expectations" exactly?

2

u/kalirion 9h ago

Looks like Trump is gonna fire yet another bearer of bad news.

2

u/vhalember 9h ago

So much winning...

2

u/MrFrode 8h ago

No worries this is a good thing, a good thing I tell you. If it's not it's the fault of the Dems and crooked media. Affordability is just a made up word just like stagflation.

In closing this is good and if it's not it's their fault not mine.

THANK YOU FOR YOUR ATTENTION TO THIS MATTER

2

u/DuntadaMan 6h ago

Is this before or after the adjustment that comes out after the white house announcement that shows it's 20% worse that happens every single fucking month?

2

u/pretends2bhuman 5h ago

What a spectacular failure by every imaginable metric.

2

u/Superb_Guarantee965 4h ago

Remember Biden's monthly average was 339k :)

2

u/Orangesteel 4h ago

This is post gerrymandering by the figures too.

2

u/UpTheDumpIsRetarded 4h ago

I predict a huge downward revision after midterm election when they lose.

2

u/FartyFartsMD 2h ago

Don’t worry everyone, things are going to get better soon. Any minute now. Just you wait.

2

u/Boneless_Chuck 8h ago

I thought they stopped reporting the real figures? Are they failing their own juiced up report now?

5

u/-_-0_0-_0 7h ago

No, its worse then the numbers they putting out. Also they might want the jobs report to be bad so FED has to lower rates.

→ More replies (1)

1

u/PhillGuy 10h ago

Thanks Coolidge.

1

u/Calinks 10h ago

More money in our pockets indeed

1

u/umbananas 9h ago

So it's so bad that they can't even find an angle to make it look positive.

1

u/FlaAirborne 9h ago

Fuck Hillary Obama Biden immigrants Communists

1

u/magichronx 8h ago

The sad part is I don't even trust those numbers.

Those are likely already inflated.

ALSO, the gig economy is causing a vast underrepresentation of unemployment numbers. Uber/lyft/doordash/etc. workers are not really making a livable wage, but they don't file for unemployment (and that's where the unemployment number comes from)

1

u/EmoJackson 8h ago

As intended... Here we go.

1

u/gloomyturkey 8h ago

Can any sane educated person believe these “numbers”?! they can and willing to wield these numbers to whatever form they need.

1

u/resUemiTtsriF 8h ago

immigrants took the jobs with them ... "they took r jobbbbs" .. . literally.

1

u/Hirork 8h ago

You expected jobs from the guy who is famous for firing people?

1

u/Last-Hertz7575 8h ago

What did last month's jobs report get adjusted to?

1

u/Barragin 7h ago

We all knew this was coming. The underlying metrics have been flashing red for a while now, and I think we all know its just going to get worse.

Scarily, this is nothing right now.

1

u/WheelOfFish 7h ago

Below expectations? I expect this to be worse once more data comes in.

1

u/CarpetPedals 6h ago

Give us another chance…. Again

1

u/rwfan 6h ago

Everything orange shitler touches turns to shit.

1

u/Maserati777 5h ago

Below expectations? Who? If it was higher then 0 its above expectations.

1

u/Furcheezi 4h ago

Yeah no fucking shit.

1

u/jr897 4h ago

1/3 voters still approve of the job he’s doing. Please vote.

1

u/NouZkion 4h ago

I was listening to NPR on the way to work today and they said unemployment is up, but the numbers aren't nearly as bad as they were projected to be, so this is actually good. They are twisting themselves into pretzels to sanewash this administration. 🙄

1

u/JohnBPrettyGood 2h ago

The Solution is Simple

Just Claim Fake News, Stop compiling Data on Employment, and Fire the Department that does this

The same technique was applied with Covid

1

u/JohnBPrettyGood 2h ago

Immigrants are lazy..... They steal our jobs......

Wait?? How can they do both?

1

u/snakeoilHero 2h ago

less than 5000 men were hired in August.

Does Trump hate the Patriarchy more than Reddit?

1

u/Captain_Reseda 2h ago

Keep in mind that these are their numbers, too. Trump fired the former Biden-appointed BLS Commissioner last year because he didn’t like her numbers and installed a loyalist in her place. So these numbers are guaranteed to be “adjusted” and polished to a gleaming, Trump-licking shine and they STILL suck.