The Economy

[Lazaran]

Weeeeeaaaaak jobs report:

110,000 private sector jobs were expected…only 37,000 materialized…

But the stock market is doing OK because the wealthy and corporations want (expect?) their deregulations & yuuuuuge tax cuts.





We. Told. Them. So.

 

[ChloeTzang]

Seems not to many countries are that interested in playing Trumps game. A Japanese delegation did sit down with the US and asked what the US wanted, but the US were unable to answer.

https://twitter.com/x/status/1930102114216489174

 

[ChloeTzang]

At a guess, this means there's no trade deal with China.

 

[ChinoMoreno]

https://www.facebook.com/video.php?v=4164695387187842

 

[Lazaran]

https://www.facebook.com/video.php?v=4164695387187842

But tourism is UP at Qatar-A-Lago..





We. Told. Them. So.

 

[schism666]

worst jobs growth in 2 years so the orange jesus blames the fed for not lowering rates.

of course, the rates haven't been lowered because of trump's tariff war has created instability in our economy.

 

[MajorRewrite]

Unemployment claims rise, but are still at historically low levels.

New applications for jobless benefits rose by 8,000 to 247,000 for the week ending May 31, the Labor Department said Thursday. That’s the most since early October. Analysts had forecast 237,000 new applications.

Weekly applications for jobless benefits are considered representative of U.S. layoffs and have mostly bounced around a historically healthy range between 200,000 and 250,000 since COVID-19 throttled the economy five years ago, wiping out millions of jobs.

 

[heathrowinneo]

Seems not to many countries are that interested in playing Trumps game. A Japanese delegation did sit down with the US and asked what the US wanted, but the US were unable to answer.

https://twitter.com/x/status/1930102114216489174

it's kind of like dealing with a little one that turns the light switch on, then off. they are waiting for trump and admin to tire themselves out.

 

[heathrowinneo]

Weeeeeaaaaak jobs report:

110,000 private sector jobs were expected…only 37,000 materialized…

But the stock market is doing OK because the wealthy and corporations want (expect?) their deregulations & yuuuuuge tax cuts.





We. Told. Them. So.

give it some time to work through the system (tariffs and tax cuts/benefit losses/tax increase by state and local). the dealmaker is painting himself into a corner and is looking for others to blame, didn't take long.

 

[heathrowinneo]

worst jobs growth in 2 years so the orange jesus blames the fed for not lowering rates.

of course, the rates haven't been lowered because of trump's tariff war has created instability in our economy.

lowering the interest rates isn't going to help the cause, it will help fuel inflation on top of the tariff price increases. plus, the dynamics of the US treasuries and foregin exchange will cause even more problems by cutting rates. will somebody please help explain to the administration cause and effect in the economy?

 

[ll74]

p&g is cutting 7000


Huzzah economy!

https://www.reuters.com/business/procter-gamble-cut-7000-jobs-over-two-years-2025-06-05/

 

[schism666]

p&g is cutting 7000


Huzzah economy!

https://www.reuters.com/business/procter-gamble-cut-7000-jobs-over-two-years-2025-06-05/

and they don't even produce steel

 

[ChloeTzang]

lowering the interest rates isn't going to help the cause, it will help fuel inflation on top of the tariff price increases. plus, the dynamics of the US treasuries and foregin exchange will cause even more problems by cutting rates. will somebody please help explain to the administration cause and effect in the economy?

The resal problem is, Trump and his team have not the faintest understanding of economics and somehow thing they are geniuses. Things went well in Trump Onve because Trump stayed the fuck away from the market, and the amrket responded to that, as markets do. He loosened things up here and there, like with oil, and that was all good,

Now he has an inflated idea of his own abilities, and that's playing havoc. Starting this month, prices will start to climb and inflation will begins to set in. Rates will go up in response to that and the uncertainty, Trump will created more chaos and rates will increase further.... we're slow walking into a self-inflicted economic disaster.

 

[DeluxAuto]

Things went well in Trump Onve because Trump stayed the fuck away from the market

No, they didn't and no, he didn't. What the fuck are you talking about, Dave?

His tariffs the first time around failed too and it wasn't until President Biden fixed things did we have a record market and unemployment.

 

[Rightguide]

More bad news for the anti-Trump malignancy:

U.S. Trade Deficit Narrows by Record Margin as Imports Collapse, Exports Climb​

Thursday, June 5, 2025 | Tag Cloud | Learn about our FREE SYNDICATION Service | Sign up for our Worthy Briefs! | Printer Friendly


by Worthy News Washington D.C. Bureau Staff

(Worthy News) – The U.S. trade deficit shrank by more than half in April, falling to $61.6 billion from March’s record $138.3 billion–a historic one-month improvement driven by a steep plunge in imports and a modest rise in exports.

According to data released by the Commerce Department, the 55.5% narrowing in the trade gap marks the sharpest month-to-month drop ever recorded. The shift came as President Donald Trump’s new 10% blanket tariffs on foreign goods took effect, triggering a dramatic reshaping of global trade flows.

Imports plummeted 16.3% in April, the largest drop on record, to $351 billion. Analysts attribute the decline to both the new tariff schedule and a sharp reversal following a surge of front-loaded imports in March, when businesses scrambled to beat the implementation of higher duties.

Consumer goods bore the brunt of the pullback, with pharmaceutical imports plunging and overall consumer goods imports declining by $33 billion. Imports from China–long a central focus of Trump’s trade agenda–dropped to their lowest level since March 2020, shrinking the bilateral trade deficit to a five-year low of $19.7 billion.

More here: https://www.worthynews.com/105795-u...cord-margin-as-imports-collapse-exports-climb

 

[dmallord]

and they don't even produce steel

No, P&G doesn’t make steel or aluminum — just basics like soap, razors, diapers... you know, the luxuries folks cut back on when economic genius policies like tariffs start scrubbing jobs clean off the payroll.

They make razors out of steel, and thanks to tariffs, they're shaving 7,000 jobs instead.

 

[astuffedshirt_perv]

More bad news for the anti-Trump malignancy:

U.S. Trade Deficit Narrows by Record Margin as Imports Collapse, Exports Climb​

You clearly have no idea what you are typing. We used to pay poor people in other countries to make cheap stuff for us. Buying that stuff leads a more imports than exports, resulting in a trade deficit. Choke off imports and the trade deficit narrows. We also no longer get cheap stuff. Not a great trade there, genius.

 

[schism666]

No, P&G doesn’t make steel or aluminum — just basics like soap, razors, diapers... you know, the luxuries folks cut back on when economic genius policies like tariffs start scrubbing jobs clean off the payroll.

They make razors out of steel, and thanks to tariffs, they're shaving 7,000 jobs instead.

you illustrated my point perfectly

 

[DeluxAuto]

You clearly have no idea what you are typing. We used to pay poor people in other countries to make cheap stuff for us. Buying that stuff leads a more imports than exports, resulting in a trade deficit. Choke off imports and the trade deficit narrows. We also no longer get cheap stuff. Not a great trade there, genius.

There is so much that dumb twat doesn't understand. It's a shame he posts so god damn much.

 

[MajorRewrite]

More bad news for the anti-Trump malignancy:

U.S. Trade Deficit Narrows by Record Margin as Imports Collapse, Exports Climb​

Thursday, June 5, 2025 | Tag Cloud | Learn about our FREE SYNDICATION Service | Sign up for our Worthy Briefs! | Printer Friendly


by Worthy News Washington D.C. Bureau Staff

(Worthy News) – The U.S. trade deficit shrank by more than half in April, falling to $61.6 billion from March’s record $138.3 billion–a historic one-month improvement driven by a steep plunge in imports and a modest rise in exports.

According to data released by the Commerce Department, the 55.5% narrowing in the trade gap marks the sharpest month-to-month drop ever recorded. The shift came as President Donald Trump’s new 10% blanket tariffs on foreign goods took effect, triggering a dramatic reshaping of global trade flows.

Imports plummeted 16.3% in April, the largest drop on record, to $351 billion. Analysts attribute the decline to both the new tariff schedule and a sharp reversal following a surge of front-loaded imports in March, when businesses scrambled to beat the implementation of higher duties.

Consumer goods bore the brunt of the pullback, with pharmaceutical imports plunging and overall consumer goods imports declining by $33 billion. Imports from China–long a central focus of Trump’s trade agenda–dropped to their lowest level since March 2020, shrinking the bilateral trade deficit to a five-year low of $19.7 billion.

More here: https://www.worthynews.com/105795-u...cord-margin-as-imports-collapse-exports-climb

The trade deficit shrank by a record amount because it ballooned wildly in the previous months under Trump. Companies imported very heavily before TrumpTariffs went into effect.

 

[MajorRewrite]

US employment is resilient.

The US economy added 139,000 nonfarm payrolls in May, more than the 126,000 expected by economists. The unemployment rate held steady at 4.2%.

In April, the US economy added 177,000 jobs while the unemployment rate held flat at 4.2%. Those figures were revised lower on Friday to reflect that the economy added 147,000 jobs last month.

Revisions from March and April showed the US labor market added 95,000 fewer jobs than initially thought.

Oh no! Tinta86 and RightGuide will surely have a conniption fit because the Trump administration has revised employment data lower. They accused the Biden administration of lying when that happened before!

 

[heathrowinneo]

there will be a time, a day of reckoning for trump and the economy, where the excuses will run out, the data will not match the actual life for Americans, and problems will be his that he will still blame on someone else. this is trump's economy. there are no trade deals, no 90 deals in 90 days. there are price increases and more to come. inflation is on the horizon given the US treasuries floating above 4.4% and f/x eur/$ bouncing around 1.13:1. get the popcorn out for the next fed meeting and they don't lower the interest rates.

 

[ChloeTzang]

The trade deficit shrank by a record amount because it ballooned wildly in the previous months under Trump. Companies imported very heavily before TrumpTariffs went into effect.

And the trade deficit will shrink even further as imports collapse die to the tariffs and increases costs. Unfortunately, tens of thousands of jobs will also go, because sales will collapse as things become unaffordable and with noo jobs and economic uncertainty, spending will tightem considerably, plunging us into a depression. But the good news is, the trade deficit will shrink.....

Canada, meanwhile, will shift $30 billion worth of US imports to being manufactured inside Canada, something they can easily do since they make the steel and the aluminium that is the base for these finished goods, and they have the manufacturing capacity and ability to rapidly onshore production. Tems of thousands of jobs vanishing, and instead being created in Canada to replace the jobs Trump destroyed....go figure.

All the forecasts said we would only start to feel the effects of the tariffs in June, and June July August and on is when the chickens will come home to roost. Once stocks run out, that's when it starts to impact - and some companies are starting to use the tariffs asan excuse to push prices up even where they are not impacted..... Trump has unleashed side effects which will take years to sort out, if ever. One of which wil be that the USA's time as the world's superpower is over.

As the economy spirals, and inflation climbs, interest rates will climb too - because the market is what the market is, and Trump will find out, just like every other wannabe emporer, that he is powerless in the face of the market. Economic reality will always win in the end, and our uncontrolled deficit will crash and burn the US econonmy. We have borrowed trillions upon trillions, and the free ride is almost over. When it crashes and burns, so will the USA's time as a superpower - we will not be able to afford the defense spending, and the other cuts, like social security and mdeicare disappearing, no more EBT's, no more welfare, no more money from the Feds, will unleash the zombies. The BLM rioys will be as nothing, and at that point, internationally, the USA will be an irelevance. Canada and Mexico will probably close the borders to US refugees....

Personally, I thought Trump's policies with deportations, cutting the Feds and growing the ecobomy would get us past the collapse point, but, sadly, he's gone fucking bananas, and instead he's accelerating the point at which the collapse will begin. Democrats sure ain't gonna save us. They're crazier than a bunch of raccoons on meth.

 

[ChloeTzang]

there will be a time, a day of reckoning for trump and the economy, where the excuses will run out, the data will not match the actual life for Americans, and problems will be his that he will still blame on someone else. this is trump's economy. there are no trade deals, no 90 deals in 90 days. there are price increases and more to come. inflation is on the horizon given the US treasuries floating above 4.4% and f/x eur/$ bouncing around 1.13:1. get the popcorn out for the next fed meeting and they don't lower the interest rates.

More like interest rates will be increased

 

[heathrowinneo]

More like interest rates will be increased

agree and watching the treasuries for a sign of movement, up or down. plus the f/x and where foreign investors are parking their money. still watching the japanese investor, they own a lot of american debt.