Senior economists say that the labor market is weak and strikes, while Trump is looking for the future

Bls’s government closure was prevented from issuing a report on September on Friday, which focuses heavily on alternative standards.

Data from Revelio Labs, which mix professional networks such as LinkedInShow a profit of 60,000 jobs last month, most of them in the field of health care and education.

But in A series of posts on x on SundayZandy said that the “trivial” increase is likely to be exaggerated as Revilio data has been revised recently.

Meanwhile, ADP salaries in the private sector have found that employers get rid of 32,000 jobs last month, which is Zandy number that this decrease is because it does not include the public sector jobs in which the Ministry of Governmental efficiency was reduced.

He also pointed out that most of the job gains in the ADP report were in the field of health care and major companies with more than 500 employees. “The smaller companies suffer from definitions and restricted immigration policies.”

Zandy said it is combined, Revyio and ADP data indicates that there is no functional growth in September. This trend is supported by the conference council scale on whether it is easy to obtain jobs or is difficult to find, which has decreased to the lowest level since early 2021 and indicates an increase in unemployment.

He added: “The bottom line is that the lack of BLS Jobs data is a serious problem to assess the health of the economy and make good political decisions.” “But the special sources of job data fill in an impressive information gap, at least at the present time. This data shows that the labor market is weak and strikes.”

Wall Street expected the BLS report for September 45,000-50,000 jobs, with an increase in August profit of only 22,000. This is after reviews of the previous months, the total growth of growth reduced and even showed a net loss in June.

With readings in the labor market, while inflation remains sticky, sources He said Wall Street Journal Advisers to President Donald Trump urged him to focus on data early next year, which should seem brighter with the start of rulings in the package of spending on taxes and spending.

The White House immediately did not comment on luck But I was told magazine The administration “focuses on pushing the reforms of the supply side, securing trillions in the manufacture of investments, and implementing historical commercial deals that will revive the industrial hegemony of America.”

The message from Trump’s advisers seems to have reached the president, although he has alluded to a longer timetable to expect an economy.

He told reporters recently: “It will not be our big year next year – it will be the following year.”

To make sure, Other economic indicators draw a more optimistic picture From the readings of the labor market. For example, GDP growth actually increases faster than the previous numbers referred to.

The growth of the second quarter has been reviewed to the top, to 3.8 % of the previous 3.3 % reading, on strong consumer spending. This force may continue during the third quarter like Tracking GDP in Atlanta Fair It puts growth at 3.8 %.

Growth may not stop at this noble rate. Stephen Brown, Vice President of Economists in North America at Capital Economics, said in a memorandum last Friday that income and spending data should reduce fears that the United States is on the threshold of a sharp slowdown.

He also indicated that the estimated spending, which is usually cut when consumers suffer, has led growth. Although the gains in spending have surpassed income during the past three months, the Saving August rate is still relatively 4.6 %, which means that consumers have not yet been excessive.

“The rise in real consumption in August means that, given the strongest momentum in the third quarter, we now follow the growth of consumption in the third quarter of up to 3.3 %, up from 2.3 % last week,” added Brown. “GDP growth in the third quarter will be to 4 %.”

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