The Daily Populous Saturday August 23rd, 2025 morning edition
Authored by newrepublic.com and submitted by Quirkie

“This unusual situation suggests that downside risks to employment are rising. And if those risks materialize, they can do so quickly in the form of sharply higher layoffs and rising unemployment,” Powell warned.

Powell pointed to the July jobs report, which revised employment data from the previous two months. The updated numbers moved the three-month growth average to 35,000, the lowest three-month period since 2010 (other than the pandemic). It was a stark contrast from the growth felt during 2024, when the measure showed an increase of 168,000 jobs per month. The July report’s downsizing also suggested that while some sectors, such as health care and social assistance, gained jobs, the vast majority of the market lost employment.

“This slowdown is much larger than assessed just a month ago, as the earlier figures for May and June were revised down substantially,” Powell continued. “But it does not appear that the slowdown in job growth has opened up a large margin of slack in the labor market—an outcome we want to avoid.

dbkenny426 on August 22nd, 2025 at 19:00 UTC »

It's almost like electing a President who is actively trying to harm the nation is a bad thing.

turquoise_amethyst on August 22nd, 2025 at 18:47 UTC »

> “But it does not appear that the slowdown in job growth has opened up a large margin of slack in the labor market—an outcome we want to avoid.”

Ok, so can anyone explain what this means? Less new jobs and options, but everyone is still marginally employed?

Is everyone working six part-time jobs, but never having the option or ability to find one, new full-time position?

MentalTourniquet on August 22nd, 2025 at 18:46 UTC »

Stagflation due to excess tariffs and worker harassment. Back to the 1970s. There will be more pain to get out of this mess.