As per today’s JOLTs report:
Both numbers round to 7.2 million,
but, we are now back to normal.
The number of unemployed is slightly higher than the number of job openings
2 Likes
You could go with the BLS version – “Unchanged” and “unchanged.”
You can go with the Gaius version – “Back to Normal”
.
.
.
Or you can go with the fair-and-balanced totally nonpartisan CNN version:
Job growth was so weak in July that President Donald Trump fired the head of the bureau charged with collecting employment data, baselessly claiming the data was rigged.
But fresh figures out Wednesday show that those meager job gains weren’t an anomaly: For the first time in more than four years, there are fewer open jobs than there are job seekers.
“This is a turning point for the labor market,” . . . .
Better stock up on canned goods and ammo before the CNN viewers buy it all.
3 Likes
Damn that Trump! 
4 Likes
CNN Viewer(s)? Couldn’t make a dent on a store shelf in a food lion
3 Likes
This is a good thing how?
It’s not.
He’s auditioning to be a CNN writer.
5 Likes
I asked MS Copilot to check the latest BLS data to find out which fields/occupation have the highest unemployment rates.
Copilot is not quite as relaible as doing it one’s self,
but hey, at least it’s not ChatGPT
I’d have thought there would be a temp bump from the jobs that deported immigrants were holding. Maybe that report doesn’t/can’t measure that. All in all more signs we are going into a period of hopefully soft recession.
The gold standard in jobs numbers is the monthly employment situation report which comes out first froday of every month. (The day after tomorrow.)
That one is more likely to show the trend you are looking for.
however thwre is a caveat
.
.
.
.
Caveat:
Historically, when that jobs report comes out it gets revised over the following months by a total of about 7,000 jobs. Post pandemic the revisions have been a LOT higher. (Over 120k in each of the last 3 mos) leading Donald Trump to fire, surreptitiously, the woman in charge.
right. I’ll be doing an auto-correct in my head but I’m more interested in the trend than the raw numbers.
Very well put!
And as of the last report
(came out first friday in Aug covers through July)
-
Foreign born workers:
Jan 1, 2025 - July 31, 2025 = minus 1,010,000 -
Native born workers:
Jan 1, 2025 - July 31, 2025 = plus 2,462,000
Sounds impressive, but,when we look at the chart, we see it is too soon to know if this is a wiggle or a trend.
Why wouldn’t they be able to measure that?
a portion of the illegal employment is ‘off the books’ .
1 Like
Jeez…that ■■■■■■■■■■■■■ covid…what a nightmare that was.
If ‘normal’ is pre-covid, don’t we need to see unemployed a good bit under job openings before we call it normal?
According to the chart (which covers 25 and covers the entirety of available data)
There were exactly two periods in US history when Job Openings outnumbered Unemployed Persons.
- Trump1.0, when Donald Trump was building walls and enacting tariffs.
- Immediate post-COVID, right after the Fed printed money so fast the money-printer almost burst into flames.
2 Likes
Covid policy.
5 Likes
Except the record keeping only goes back to 2000 or i think 2005 
I hope you were joking because there was still plenty of fed injected money during Trump 1.0 and the period when it was like that was when we were setting decade long records for border crossings.
1 Like
too funny. on that list the one with the lowest unemployment is in the jobs “Americans won’t do”
4 Likes
I don’t blame trump. He was faced with a once in a 100 year event. Overall his efforts and especially his Warp Speed vaccine work saved millions of lives.
Perhaps the initial reaction was too strong but that’s arm chairing it.
There were freezer trucks full of bodies in major cities.
I don’t get why people feel the need to down play how bad the pandemic was.
