The labor market is slowing, but it’s all good news in the White House.
The U.S. added 139,000 jobs in May, a slight decline from April, according to a jobs report released Friday. The unemployment rate remained at 4.2 percent, still within the ballpark of historic lows reached in 2023, when the unemployment rate reached 3.4 percent—the lowest it had been in more than five decades. But within the folds of the report hid a major red flag for Donald Trump’s agenda: The U.S. is still bleeding manufacturing jobs.
But even the president’s favorite conservative network couldn’t hide its dismay at the slight manufacturing downturn.
“Now, 8,000 manufacturing jobs were lost in May. That’s not what you wanted to see,” said Fox Business host Stuart Varney.
U mean asking manufacturers to pay MORE to produce in America encourages them to move production to other countries? You’re kidding!
I am not sure about other industry, but in the pharmaceutical industry, several companies decided immediately to set up more manufacturing sites in the US after the tariff threat. But I think it is because these companies are producing weight loss drugs, which is selling like hot cakes since last year, so I think they know that the huge sales will offset the manufacturing cost and tariffs. These weight loss drugs are new and the patent rights is good for 15-20 years. Some industries are just lucky they are insulated from the worst of tariff impositions, while others are not so much.
it’s almost like Trump doesn’t know what he’s doing or something
He knows exactly what he’s doing. Stealing money. That’s it.
it’s almost like Trump doesn’t know what
he’s doingdamage he’s doing while stealing money or something*He doesn’t care. It’s not a concern whatsoever.
He’s proven that alright
His only motivator is greed because he wasn’t love by his dad.
Industrial capital spending has never, ever been as low as it is right now, even during Covid. It’s pretty much zero, because nobody has any intention of investing in any sort of industrial infrastructure in a complete clusterfuck of economic and trade policy. The chicken hasn’t come close to roosting yet, give it another few months and watch the bloodbath.
They also gorged themselves on basically zero percent lending, used it for things along the lines of stock buybacks and now their equipment/supply chain is failing. Low corporate taxes mean there’s no incentive to reinvest, certainly not upping wages.
Capitalism is a cancer that’s running out of healthy cells.
And industrial capital takes a long time to realize. Speaking as an industrial engineer who’s been involved in the process, it’s a pain in the ass amount of time between us getting called in and floor workers getting called in. Once factories shutter it’ll be years before theyre back online. And I don’t see it happening under Trump.
How are you finding it for supply line on equipment for the floor, or do you see any of that side of the process? Because as far as I know, most of the machinery is not making it’s way into the country from China and Europe because of tariffs, so even if you put up a building, you wouldn’t be able to outfit it. If it is getting in, it’s going to be prohibitively expensive to outfit a line.
I’m waiting for the beginning of July for the end of the tariff pause. Dow Jones will probably shed a few thousand points before Trump reacts by pausing them again or repealing them since he always chickens out. \
If Trump is going to wreck the fucking economy with his idiocy I might as well take a shot at profiting from it like all of the grifters in his administration.
Looks like they may need to destroy a few more government agencies that collect and distribute labor statistics. That will solve it.
Small businesses come and go, but lately I have seen a shit ton of small businesses disappear.
Every policy makes winners and losers. The current administrations policies are making a lot more losers than winners to enrich themselves. It is pure unfettered corruption.
A 2021 study by Oxford Economics and the U.S.-China Business Council concluded that the United States lost 245,000 jobs as a result of the Trump tariffs.
They’re going to study these tariffs and detail how they fucked America and by the time Republicans do something similar nobody will ever, EVER, bring this up again.
Scrambles to do what? Buy or sell?
Wasn’t the alleged purpose of tariffs to bring manufacturing goods to America?
