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More Than 800,000 U.S. Job Gains Have Been Revised Away — the Labor Market Is Much Weaker Than Originally Thought
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cm0002 lemdro.id cm0002@lemdro.id
Joined: 2025-06-07
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35   Original
BooBees fedinsfw.app BooBees@fedinsfw.app
Joined: 2026-05-26
#2 · (edited) Quote Reply

No shit. Every company related to purchases from people not wealthy are reporting major slowdowns, even Netflix reported very subpar growth, which caused a dip in their investor confidence. People are having problems finding work and the wealth gap continues to increase. Wealth growth happened for those who retired already or are about to, and the younger gens saw bigger struggles.

Products continue to shrink, enshittification continues to invade every aspect of the economy. If people don’t have money, things are getting more expensive, including just going shopping, why would companies need to hire more workers to handle decreasing demand and shittier products?

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echo lemmy.today echo@lemmy.today
Joined: 2026-03-10
#3 · Quote Reply

It is not weaker than thought. It's just an incomplete revision of the lies previously released.

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ParlimentOfDoom piefed.zip ParlimentOfDoom@piefed.zip
Joined: 2025-09-26
#4 · Quote Reply

Every month, massive revisions downward.

2
anachronist midwest.social anachronist@midwest.social
Joined: 2023-06-16
#5 · Quote Reply

It was pretty obvious when Trump attacked the numbers and fired the BLM lead that they were going to cook the numbers.

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