'Uh, Yeah': Trump Says It's 'Ok' if He Causes a Recession

[progree]

15. Even the much touted Friday jobs report of 177k more jobs was really just a 119k gain compared to the previous (April 4)

jobs report.

The prior 2 months' job gains (February and March) combined were revised down by 58k. With these revisions, we had only 177k - 58k = 119k more jobs reported Friday May 2 then were reported in the previous job report:

The April 4 report's total nonfarm payroll employment: 159,398k [1]
This (May 2 report's) total nonfarm payroll employment: 159,517k [2]
159,517k - 159,398k = 119k, matches the above.

[1] https://www.bls.gov/news.release/archives/empsit_04042025.htm -- Table B-1

[2] https://www.bls.gov/news.release/archives/empsit_05022025.htm -or- https://www.bls.gov/news.release/empsit.t17.htm -or- https://data.bls.gov/timeseries/CES0000000001

Simply stated, both the expected (138k) and actual jobs growth (119k) were pretty feeble.

And yet the newly minted Secretary of Labor Lori Chavez-DeRemer proclaimed "The Golden Age is Here". I shit you not. https://www.democraticunderground.com/1116100418


REVISIONS of the prior 2 months: down 58,000, from the BLS news release:
https://www.bls.gov/news.release/empsit.nr0.htm

The change in total nonfarm payroll employment for February was revised down by 15,000, from +117,000 to +102,000, and the change for March was revised down by 43,000, from +228,000 to +185,000. With these revisions, employment in February and March combined is 58,000 lower than previously reported. (Monthly revisions result from additional reports received from businesses and government agencies since the last published estimates and from the recalculation of seasonal factors.

LBN thread of the Friday jobs report: https://www.democraticunderground.com/10143451730