PWC News
Thursday, July 3, 2025
No Result
View All Result
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis
No Result
View All Result
PWC News
No Result
View All Result

‘Ugly and worrisome’: Expert blasts White House for touting May jobs report

Home Economy
Share on FacebookShare on Twitter



Regardless of the White Home touting Could’s jobs report as an indication of financial energy, a better look reveals a pointy decline in federal employment below the Trump administration — reversing a yr of presidency job development below former President Joe Biden and shifting all 2025 job good points to the non-public sector.

In an article for Townhall printed Monday, economist EJ Antoni famous that the variety of jobs within the federal authorities (excluding the postal service) “has now fallen each month this yr, bringing the variety of federal payrolls all the way down to the bottom degree since November 2023.”

“A complete yr’s price of burgeoning paperwork has been undone in a number of months, and the struggle on waste continues,” he stated.

READ MORE: ‘I do know this sounds loopy’: Shock as idea emerges about Trump’s latest ‘breakup’

“Below President Biden, the federal government accounted for a disproportionate variety of new jobs as runaway authorities spending and hiring artificially inflated the labor market figures. Now, the state of affairs has fully reversed because the Trump administration wages an all-out struggle on authorities waste, together with the bureaucrats,” Antoni wrote.

The economist identified that reductions within the federal workforce have successfully canceled out employment good points on the state and native ranges, leaving complete authorities payrolls unchanged since Trump took workplace in January.

Consequently, all job development in 2025 has come from the non-public sector — a pointy distinction to the government-driven hiring seen through the Biden administration, the piece famous.

READ MORE: ‘Deeply troubling pattern’: Alarm sounded that America is ‘now not a secure nation’

The creator additional highlighted that the most recent jobs knowledge underscores ongoing weaknesses within the labor market.

In Could, each the labor pressure participation fee and the employment-to-population ratio slipped, as family survey figures revealed almost 700,000 fewer individuals working—and the overwhelming majority, round 600,000, exited the labor pressure solely.

“So sure, this newest jobs report has good and unhealthy, however there’s additionally one thing ugly—and worrisome—within the statistics,” Antoni stated.

“The Labor Division’s figures present the financial system added 139,000 jobs in Could, however the April and March numbers have been revised down closely by a complete of 95,000. Meaning two-thirds of the payrolls added in Could have been jobs we thought the financial system already had,” he added.

‘I didn’t vote for this’: Professional-Trump Appalachians are ‘dwelling on the sting’

AlterNet reached out to the Division of Labor for remark.



Source link

Tags: BlastsexpertHouseJobsReporttoutinguglyWhiteworrisome
Previous Post

GST relief on new homes could save 1st-time buyers up to $240 on mortgages: report

Next Post

Ray Dalio Warns US Collapse Near as Debt and Discord Intensify – Economics Bitcoin News

Related Posts

Watch: Labour’s “total clusterf**k”
Economy

Watch: Labour’s “total clusterf**k”

July 3, 2025
Trump’s policies already cost US companies  billion — and that could ‘more than double’
Economy

Trump’s policies already cost US companies $82 billion — and that could ‘more than double’

July 2, 2025
Amazon taps into Canadian patriotism
Economy

Amazon taps into Canadian patriotism

July 3, 2025
Corruption fighter recommends reforms to release CB from EPF responsibilities | EconomyNext
Economy

Corruption fighter recommends reforms to release CB from EPF responsibilities | EconomyNext

July 2, 2025
Tech layoffs, recession pop and more listener questions answered : The Indicator from Planet Money
Economy

Tech layoffs, recession pop and more listener questions answered : The Indicator from Planet Money

July 2, 2025
European junk bond sales hit record as investors cut US exposure
Economy

European junk bond sales hit record as investors cut US exposure

July 2, 2025
Next Post
Ray Dalio Warns US Collapse Near as Debt and Discord Intensify – Economics Bitcoin News

Ray Dalio Warns US Collapse Near as Debt and Discord Intensify – Economics Bitcoin News

Stocks to Track on June 10: MCX, HCLTech, Borana Weaves, Tata Investment, Bajaj twins, other scrips in focus

Stocks to Track on June 10: MCX, HCLTech, Borana Weaves, Tata Investment, Bajaj twins, other scrips in focus

Bitcoin On-Chain Warning: Short-Term Holder Selling Accelerates Amid Price Correction

Bitcoin On-Chain Warning: Short-Term Holder Selling Accelerates Amid Price Correction

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

PSU banks open strong as IPO plans and lending push lift investor sentiment; SBI, Canara Bank, PNB gain
Business

PSU banks open strong as IPO plans and lending push lift investor sentiment; SBI, Canara Bank, PNB gain

by PWC
June 30, 2025
0

PSU shares: Shares of public sector banks (PSBs) equivalent to State Financial institution of India (SBI), Canara Financial institution, Punjab...

Mobileye soars after launch of Tesla’s Robotaxi

Mobileye soars after launch of Tesla’s Robotaxi

June 28, 2025
Unemployment, inflation and travel amid ongoing tariff uncertainty: FP video

Unemployment, inflation and travel amid ongoing tariff uncertainty: FP video

June 29, 2025
‘Big drop in income’: Chief economist reveals real inflation numbers

‘Big drop in income’: Chief economist reveals real inflation numbers

June 27, 2025
XEQT ETF: A Simple Way To Invest In Global Equities (TSX:XEQT:CA)

XEQT ETF: A Simple Way To Invest In Global Equities (TSX:XEQT:CA)

July 2, 2025
Vodafone Idea AGR Dues: No Relief Planned At The Moment, Says Union MoS

Vodafone Idea AGR Dues: No Relief Planned At The Moment, Says Union MoS

July 1, 2025
PWC News

Copyright © 2024 PWC.

Your Trusted Source for ESG, Corporate, and Financial Insights

  • About Us
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Follow Us

No Result
View All Result
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis

Copyright © 2024 PWC.