August’s report is much worse and pointing to more.
If you think Donald Trump overacted to July’s abysmal Jobs Report from the Bureau of Labor Statistics – he did, after all, fire BLS Commissioner Erika McEntarfer just hours after the repot came out – then this might be a good time to avoid him altogether. August’s report is much worse and pointing to more.
First monthly job losses in five years
With the monthly revisions, standard operating procedure by the way, July’s paltry number of 22,000 jobs created was overshadowed by June’s new status as the first month since December 2020 showing a loss. More dramatically, June 2025 and August 2010 were the only months since 2010 – 301 in all – showing a loss at all.
