America is in a Serious Jobs Slump
- Reference: 0178992842
- News link: https://news.slashdot.org/story/25/09/03/150244/america-is-in-a-serious-jobs-slump
- Source link:
> "This is a turning point for the labor market," Heather Long, chief economist at Navy Federal Credit Union, wrote Wednesday. "It's yet another crack."
>
> The number of job openings fell to an estimated 7.18 million at the end of July, according to Bureau of Labor Statistics data released Wednesday. Job openings not only are at their lowest level in 10 months, but they're also below the number of unemployed workers (at 7.2 million) for the first time since April 2021.
[1] https://edition.cnn.com/2025/09/03/economy/us-jolts-job-openings-layoffs-july
So much winning! (Score:4, Insightful)
Are dumbass Trump voters tired of all this economic winning? Probably not. Maybe they need to win some more when China completely cuts off the US soybean market, or Europe gangs up and decides to halt imports from the US. Winning!
Re: (Score:2)
We can't afford to do it forever, dumb-ass. That trading will shift to other countries, never to return. Sorry, should have derided you with the more appropriate moniker of "short-sighted".
Re: So much winning! (Score:1)
Remember when Reagan said deficits were unsustainable yet here we are with US stock markets setting new record highs?
Re: (Score:2)
I thought it was spelled "whining", my bad.
Problems coming (Score:5, Interesting)
I work for a small chain of employee owned grocery chains. One of the nice things about working in this industry is that it's recession proof, grocery stores make MORE money during a recession as people cut back by eating out less. Last month we saw a nearly 3 point boost in YOY growth relative to every other month this year and this was across all departments so it wasn't the result of awkwardly timed buy-ins by a sub department or anything like that. Seems like the people around where I live are feeling like a recession is coming.
Re: (Score:2)
It is starting to become a wash. As a family of 2 our grocery bill is increasing to the rate of going out to eat 4 nights a week vs eating at home 7 nights a week. If it hits 5 I might just go out every night and save the trouble.
Re: (Score:2)
So let me get this straight. Your solution to increasing grocery bills is to eat out more, something that has always been massively more expensive than making ones own food and has been increasing in cost faster then the food at grocery stores? [1]https://www.forbes.com/sites/m... [forbes.com] .
> As a family of 2 our grocery bill is increasing to the rate of going out to eat 4 nights a week vs eating at home 7 nights a week. If it hits 5 I might just go out every night and save the trouble.
Yeah, that's not happening to you.
[1] https://www.forbes.com/sites/maryroeloffs/2025/08/04/almost-90-of-americans-are-worried-about-the-cost-of-groceries/
Re: (Score:2)
I'm not sure that's totally true. A lot of grocery profits are going to be driven by higher-margin luxury items. I bet they make a lot more profit on a lobster than a sack of potatoes. Plus, groceries are going to be hit by tariffs that will squeeze their margins.
Probably not directly causal, but the closest grocery store to me (part of major chain) just announced it will close at the end of the month.
Thanks, Trump! (Score:2)
No, really, thank you very much!
Manufacturing is down (Score:2)
It turns out if you piss off all your trade partners and encourage them to stop purchasing from you yeah you lose manufacturing. And you don't get any of it back let alone any new jobs because we automate everything and even if we didn't China is still willing to poison their drinking water and we're at least another three and a half years away from that and Trump's third term.
The thing is with the sunk cost fallacy being what it is I have not seen a single Trump supporter say I fucked up and I understa
Re: (Score:3)
> But they are never self-reflective. They never question themselves. Instead they're just confused and frightened because they can't understand why this great man who is their guy is doing these things that hurt them.
I was watching a piece somewhere about a family of Trump supporters where the wife/mom was an illegal immigrant that even had a mild criminal record in the US from years prior. Even after she had been arrested and detained by ICE for over a week at that point the family was still die hard Trump supporters insisting everything would work out with her because they firmly believe Trump is only going to deport the illegal immigrants that are really bad criminals and she's one of the good ones. Talk about livin
Still plenty of openings! (Score:2)
The overall job market is crashing, but there's a severe shortage of farm labor, to the point of threatening the food supply. All aboard the Caltrain in Palo Alto, next stop Salinas! Get picking those tomatoes and strawberries! You'll be paying off your student loan for a master's degree in computer science in no time!*
* Literally at no time, ever.
Well, that was a great plan! (Score:2)
Getting rid of over a million illegal immigrants sure has opened up opportunities for US citizens...
These idiots are really going to break everything (Score:2)
Including but not limited to: food production; the US economy; relationships with western allies; democracy; the rule of law; women’s rights; healthcare generally and vaccines and pharmaceuticals specifically; the climate; the dollar as world reserve currency; disaster response; and on and on. Then they’re going to blame everyone else. Putin’s investment in Trump’s success must be the best-value asymmetric attack of all time. It’s taken a few years, and a few tens or hundreds o
There will soon be a few new job openings (Score:2)
On the bright side, after Trump fires the people who generated this reports, or gets them fired, there will be some analyst positions open.
Re: There will soon be a few new job openings (Score:1)
Are the margins of error so wide on these surveys that you could tell the opposite story and still claim support from the data?
Re: (Score:2)
What is needed is telling the right story *the first time* as opposed to revising the numbers 3 months later after you've caused 3 months of people lying to the unemployed of "just get a job" when you know the jobs never existed to begin with.
We did it! (Score:2)
How we can finally drive down the prevailing wage and tell the poor it's their fault and if they just tried harder they could have what we have. Then we can return that value to people who matter. CEOs and shareholders.
Smashing the biomedical research industry (Score:2)
Smashing the US' formerly world-leading biomedical research industry sure has improved our freedumbs! Sorry about that knock-on effect on the economy.
[Narrator: RJK Jr and Melon Husk were not in fact sorry]
The fix (Score:2)
I am sure that Trump must be able to charge, fire, threaten, pander, or lie his way to a solution, right? /s
Guy who bankrupted cassino... (Score:2)
... is the best qualified person to tank world's biggest economy...
If he cannot do it, no one can...
Make America Grim Again
MAGA! (Score:4, Insightful)
More freedom for everybody! Now freedom from work and freedom from survival and freedom from having a future! So much Winning!