Trump Has Catastrophic Friday After Disaster Reports
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Why is the July jobs report described as catastrophic for the U.S. economy?
Donald Trump is having a catastrophic Friday. We just got one of the worst jobs reports in recent history, although all of the jobs reports under the Trump regime have been pretty bad. So Donald Trump right now is doing social media post after social media post saying, I won the war, a must read. I'm the winner, Iran lost. I'll get to that in a moment. But let's look at this horrible jobs report. The U.S. economy lost 23,000 jobs in July, way below the expectations of around 80,000 to 90,000 jobs were expected to be gained in the month of July. Also, major revisions in May and June. May and June reports were revised down by a combined 100%. 103,000 jobs. So 103,000 less than what was previously reported.
The unemployment rate right now is 4.1%. Wage growth right now is 3.2%, with annualized inflation 3.5% year over year. And the only reason why it's 3.5% is because the memorandum of Understanding temporarily brought it down from the fours, but I think that's going to go back up very soon as well to around 4%, 4.1% year over year inflation, which means that the wage growth is not growth at all. It's being absolutely crushed by inflation. So people don't have any money to spend. It's why they're tapping into their savings and why you You also see so many people on the brink of bankruptcy here in the United States. We have the lowest labor force participation rate since February 2021. And if you just look at the grim picture over the past three months, six months, 12 months, and the average job gains overall since Trump's took office, I mean, we are at
Basically no job gains at all. Or, you know, in many cases and in many sectors, we're in job recession territory, I mean, you can just see all of the uh negative print outs right here, all the you know red, you don't wanna be below that horizontal line right there when it comes to uh job creation. So with this horrible jobs, I mean horrible jobs report, what are they saying on state regime media? How is Fox trying to spin this? It's ridiculous. Fox is saying this is great. This means that corporations will be able to make more money because they're getting rid of, they're shedding jobs. It helps their bottom line and It may at least temporarily stop the Federal Reserve from raising interest rates because you may need to lower interest rates or keep interest rates the same in order to try to spur job creation, although companies are not using the better lending ability to actually bring on more jobs.
They're actually using it to build out data centers and to build out uh uh tech that. replaces workers like AI. But here's what they're saying on Maria Bardaroma show this morning. It's really offensive and disgusting. And this is what people just completely hate about this Trump regime and these oligarch domination of uh the United States. Let's play this clip.
Again, a disappointing jobs report. Dow Futures way up, doubling where they were before. I'm gonna continue to dig through to tell you where the jobs are and are not, Maria. All right, thank you, Lauren.
Twenty three thousand jobs lost in the month of July. Louie, you wanted a week report, you got it. Was this two weeks?
No, not at all.
How are state‑run media and Fox News spinning the bad jobs numbers?
You know, um when Palantir announced their earnings, they uh basically had record earnings by decreasing their sales force. So there's this AI productivity boom underway and uh uh it's obvious what's happening. But no, this is great news. That's why the market's up and and now uh the Fed has an unemployment mandate and uh this is great news. And I obviously a lot of people disappeared from the workforce. Yeah.
More from state regime media here. As these numbers were being revealed, Maria Bardaroma and her co-hosts on this show refer to what's taking place as the Goldilocks story. So with this horrible jobs report, right, they're calling it Goldilocks, meaning just right. It's perfect. This is exactly what we wanted. Folks, these people are. Are really sickos. They're really vile. They're really evil. Like I'm not trying, this isn't like a debate. No, these are evil humans who hate us and they hate you.
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Chapters
8 chapters
1
Why is the July jobs report described as catastrophic for the U.S. economy?
0:00–3:53
2
How are state‑run media and Fox News spinning the bad jobs numbers?
3:53–6:39
3
What is the “Goldilocks” narrative and why do regime media call the economy “just right”?
6:39–9:17
4
Why does Donald Trump claim the war with Iran is won and how does that affect public perception?
9:17–12:18
5
What role do data‑center investments play in Trump’s economic messaging?
12:18–14:45
6
Why are mining CEOs meeting with the White House while the U.S. faces a jobs recession?
14:45–17:44
7
How does Ground News help cut through misinformation in this episode?
17:44–20:37
8
What are the geopolitical implications of the Strait of Hormuz and other strategic waterways in the discussion?
20:37–22:50