New May Jobs Report: Payrolls Jump 172K, Unemployment Steady

Fake it ’til you make out: Gen Z New Yorkers are going on ‘practice dates’ — with people they don’t even like

Gen Z isn't looking for sparks on every date — sometimes they're just working on their game.

Economist reveal​ 'clear pain point' in Trump’s economy that jobs report misses

On Friday, the Trump administration celebrated a better-than-expected jobs report, which showed the U.S. gained 172,000 jobs in May. But while President Donald Trump may be patting himself on the back, one respected economist warns that the good news misses a “clear paint point” that shows the economy is shakier than the job numbers suggest. “This is the clear pain point in the economy,” posted Heather Long, chief economist at Navy Federal. “Wage growth in May was the lowest in 5 years. May wage gains: 3.4 percent (for past year). May inflation: Likely to be ~4 percent.”That’s bad math for the economy, meaning that inflation is outpacing wage gains. Or as Long puts it, “It's easier to get a job now, but it's hard to find a job where your pay will keep up with current inflation.” What’s more, Long notes that wage gains have hit their lowest point in five years, since May 2021, when the pandemic was still wreaking havoc on the global economy. Other experts have agreed with Long’s not-so-fast assessment of Friday’s positive job report.According to Bankrate Senior Economic Analyst Mark Hamrick, “It's very likely, given recent trends, that real wages will continue to fall and workers and their families will find it increasingly difficult to make ends meet.” Hamrick also argues that affordability challenges have reduced job mobility, and that what job growth there has been is limited to a few sectors, which doesn’t bode well for economic strength overall. At the same time, he suggests that a strong labor market makes it less likely that the Fed will cut the interest rate, resulting in higher borrowing costs and slower business expansion. And as U.S. economic policy expert and former chief economist for the GOP Ways and Means Committee, Donald Schneider, noted, there is an interesting correlation between the rising job numbers and the removal of a key Trump policy: tariffs. Schneider shared a chart that plots both the effective tariff rate and job growth, saying, “These things might be related.”The chart indicates that as Trump’s tariffs began to fall at the end of last year, the plunging job growth rate started leveling off. Then tariffs plummeted after the Supreme Court slapped them down in February, and lo and behold, that’s precisely when the job numbers began racing upwards. So as Scheider points out, there appears to be a direct link between the two trends. Trump has announced his intentions to reintroduce tariffs.Europac chief economist Pete Schiff noted another issue with the job news, posting, “Unfortunately, all of those jobs were either in leisure and hospitality, or in government or government-related services. That drives demand for imported goods, increasing trade deficits and goods prices.”As one of his respondents explained, “We are subsidizing consumer demand without creating the domestic goods to match. Pumping government payrolls and service wages gives consumers cash to spend, but since the U.S. isn't producing physical goods, that liquidity immediately leaks out of the country to buy foreign imports.”“Exactly,” Schiff agreed.

New York Times Responds After Platner Abuse Accuser Rips Outlet For ‘Twisted’ Story

The New York Times doubled down on its reporting after an ex-girlfriend of Maine Democrat Graham Platner ripped the liberal outlet for watering down its story on her accusations that Platner treated her abusively during their relationship. Lyndsey Fifield, who dated Platner from 2013 to 2015, said that the Times convinced her to come forward ...

May Jobs Report Crushes Expectations. Democrats Most Hurt.

May jobs report shows the summer hiring season started with a bang

Friday’s jobs numbers confirm what small businesses already know: The underlying economy is far stronger than the mainstream media and financial commentators suggest. Employers added 172,000 jobs last […]

Hospitality jobs boom as US prepares for World Cup

It is the third month in a row US jobs figures have beaten expectations.

‘Almost every industry is hiring’: Jobs report blows past expectations in welcome bright spot for economy

Payroll number surged upward by 172,000, far above experts' estimates of 80,000

Adam Hamawy, Doctor Who Served in Gaza During Genocide, Wins New Jersey Primary

Hamawy called for “health care, not bombs; to abolish ICE; and to unrig this economy.”