tequila4kapp said:

---

The jobs report came in at 147k, beating the prediction of 110k.

Unemployment down to 4.1%, beating 4.3% prediction.

April and May job reports were adjusted up (this is fairly unusual, most adjustments are down).

---

tequila4kapp said:

---

Also, per Breitbart:

The number of American-born workers employed rose by 830,000 in June, the Department of Labor said Thursday. The number of American-born workers with jobs is now at the highest level ever, exceeding the prepandemic high hit in October 2019. The labor force participation rate rose from 61.4 to 61.8 percent.

The number of foreign-born workers, on the other hand, fell sharply. The Department of Labor said that the number of foreign-born workers employed in June declined by 348,000. This was the third consecutive month of declining employment of foreign-born workers.

Compared with the start of the year, foreign-born employment is down by over half a million workers and American-born employment is up by over two million.

---

Most important data from June:

🟢 830k new jobs for native-born
🔴 348K jobs lost for foreign-born

🟢 437k gain of new full-time jobs
🔴 367k loss of old part-time jobs

Major reversal of the Biden era

— End Wokeness (@EndWokeness) July 3, 2025

bear2034 said:

---

DiabloWags said:

---

tequila4kapp said:

---

---

You need to look under the "hood".

---

Did you look under the hood when Biden's job numbers were boosted with government jobs and part-time jobs?

---

So who’s lying?

ADP? Or the U.S. government?

Can’t be a 200,000 difference…

— Spencer Hakimian (@SpencerHakimian) July 3, 2025

sycasey said:

---

bear2034 said:

---

DiabloWags said:

---

tequila4kapp said:

---

---

You need to look under the "hood".

---

Did you look under the hood when Biden's job numbers were boosted with government jobs and part-time jobs?

---

Trump government is likely boosting the numbers even more.

So who’s lying?

ADP? Or the U.S. government?

Can’t be a 200,000 difference…

— Spencer Hakimian (@SpencerHakimian) July 3, 2025

---

bear2034 said:

---

DiabloWags said:

---

You need to look under the "hood".

---

Did you look under the hood when Biden's job numbers were boosted with government jobs and part-time jobs?

---

bear2034 said:

---

You must be fully aware that the Biden administration overpromised and undelivered and had to backtrack some of these job numbers when no one was paying attention.

---

dajo9 said:

---

ADP and the government numbers frequently differ. Let's not become nutty conspiracists like the magats. It was a good jobs report and that's good for Americans.

I do wonder how many immigrants these days are picking up the phone and telling a government employee they are a foreign born worker though.

---

chazzed said:

---

dajo9 said:

---

ADP and the government numbers frequently differ. Let's not become nutty conspiracists like the magats. It was a good jobs report and that's good for Americans.

I do wonder how many immigrants these days are picking up the phone and telling a government employee they are a foreign born worker though.

---

I'll accept reality as it comes into focus--this is what separates us from them--but you're posting about the most dishonest, corrupt administration ever. It's not a stretch to suspect them of expanding what they do to new areas.

---

dajo9 said:

---

chazzed said:

---

dajo9 said:

---

ADP and the government numbers frequently differ. Let's not become nutty conspiracists like the magats. It was a good jobs report and that's good for Americans.

I do wonder how many immigrants these days are picking up the phone and telling a government employee they are a foreign born worker though.

---

I'll accept reality as it comes into focus--this is what separates us from them--but you're posting about the most dishonest, corrupt administration ever. It's not a stretch to suspect them of expanding what they do to new areas.

---

There are trustworthy people who will speak out if there is dishonesty in the bureaucracy. People with experience and connections. Paul Kugman for one.

---

chazzed said:

---

sycasey said:

---

bear2034 said:

---

DiabloWags said:

---

You need to look under the "hood".

---

Did you look under the hood when Biden's job numbers were boosted with government jobs and part-time jobs?

---

Trump government is likely boosting the numbers even more.

So who’s lying?

ADP? Or the U.S. government?

Can’t be a 200,000 difference…

— Spencer Hakimian (@SpencerHakimian) July 3, 2025

---

We all knew the deception would get this bad. Only question is, if we are right in predicting that a poor businessman and leader will damage the economy, how long will it take to become obvious to the layperson that the administration is lying?

---

tequila4kapp said:

---

The BBB reportedly had provisions making SS not taxable for something like 90% of retirees.

---

• Single seniors (aged 65 and older) can deduct $6,000 from taxable income, and married seniors filing jointly can deduct $12,000 as a couple.
• The full $6,000 per-person deduction is available to single filers with income up to $75,000 and joint filers with income up to $150,000. Beyond those levels, deductions are phased out.

• Under current law, the standard deduction is $15,000 for single filers and $30,000 for joint filers. The Senate bill raises the standard deduction to $15,750 for single filers and $31,500 for joint filers.
• Under current law, seniors get an additional standard deduction of $2,000 for single filers and $3,200 for joint filers. The Senate bill leaves those existing deductions in place.

tequila4kapp said:

---

The BBB reportedly had provisions making SS not taxable for something like 90% of retirees.

---

Quote:

---

Why some fear government data on the U.S. economy is losing integrity

Andrew Ackerman, (c) 2025 , The Washington Post
Thu, July 3, 2025 at 5:59 AM


The Labor Department announced on Monday that consumer prices rose 8.6% last month from a year earlier. Inflation has risen to its highest level in four decades, raising the cost of airfare, hotels, vehicles, gas, and food.

U.S. policymakers are increasingly anxious about the integrity of certain government benchmarks, the crucial data points that help the Federal Reserve assess the economy's health and guide interest rate decisions.

The problems have led staff at certain agencies to rely more on statistical estimates rather than hard data, potentially fueling volatility in benchmarks, particularly for inflation readings from the Labor Department. Falling response rates to government surveys, coupled with pandemic-driven seasonal quirks and long-standing budget strains, have made it harder to collect and analyze reliable data - including for an employment report due Thursday. Agencies have also shed staff through early retirements, deferred resignations, and normal attrition.

Any erosion in the integrity of government data could complicate policymakers' view of the economy, which is undergoing major policy changes from across-the-board tariff hikes to strains in the labor market with a loss of immigrants. Last week, Federal Reserve Chair Jerome H. Powell warned lawmakers he didn't want to see a decline in the U.S.'s gold-standard statistics.

"I would not want anyone to think the data have deteriorated to a point where it's difficult for us to understand the economy," Powell said during congressional testimony. "But the direction of travel is concerning."

The Trump administration is also pushing to overhaul major benchmarks it calls flawed. In March, Commerce Secretary Howard Lutnick called for a change in the way economic growth is measured, though that idea has yet to move forward. At the same time, the president's budget for the fiscal year beginning Oct. 1 proposes slashing the Bureau of Labor Statistics' roughly $700 million budget by about 8 percent, a cut economists warn could further hobble the agency.

These challenges could have real-world consequences beyond Washington. From Wall Street trading floors to Main Street boardrooms, businesses, investors and consumers rely on government benchmarks to make decisions about hiring, spending and borrowing.


"The statistical system is under acute stress at the moment," said David Wilcox, a senior fellow at the Peterson Institute for International Economics and the director of U.S. economic research at Bloomberg Economics. "These data are a critical piece of the social infrastructure, and they guide decision-making by Washington policymakers, businesses and households across the country. Without reliable data, decision-making becomes less well founded."

The White House defended the integrity of federal jobs data and credited Trump's policies for strong job growth.

"Baseless attempts to undermine confidence in BLS data does not change the fact President Trump's pro-growth economic agenda has created more than half a million jobs since he took office - job growth that will accelerate once Congress passes historic tax relief in the One Big Beautiful Bill," said Taylor Rogers, a spokeswoman.

An administration official noted that the Bureau of Labor Statistics has long acknowledged its challenges, which predate the pandemic. Over the past decade, budget constraints have forced the agency to scale back key activities like in-person visits, follow-ups, field training and travel - steps that are essential for data quality. The official also pointed out that the Labor Department protected BLS field staff from an offer for deferred resignation to safeguard its core mission, and that the current BLS commissioner was appointed by former president Biden.


Economists say recent developments have only deepened their concerns. Last month, the BLS said it is surveying fewer outlets for the consumer price index - the most widely used benchmark for inflation - due to a staffing shortage in certain cities. While officials said that shouldn't affect the overall CPI, they acknowledged it could increase volatility in some of its components.

Separately, the BLS had previously said it would reduce the number of households sampled for a survey that underpins the official unemployment rate and other labor-market indicators, before walking back the plan.

Still, other little-noticed changes are proceeding, such as the bureau discontinuing the calculation and publishing of wholesale pricing data on hundreds of products in the producer price index. And the Trump administration earlier this year disbanded a pair of technical advisory committees that helped the government develop its data.

Collectively, the moves have alarmed Democrats on Capitol Hill. A group of nine Senate Democrats, led by Arizona Sen. Ruben Gallego, warned of significant consequences if inflation data is inaccurate or incomplete - data that influences everything from cost-of-living adjustments for tens of millions of Social Security recipients to wage increases in collective bargaining agreements.


"This is not a minor administrative adjustment," the lawmakers wrote in a letter to the heads of the Labor Department and BLS. "Any erosion in its accuracy could reverberate across the entire U.S. economy."

A spokeswoman for Gallego said the group has not yet received a response.

Federal Reserve officials, for their part, say they have the tools they need to understand the economy.

San Francisco Fed President Mary Daly said that while the integrity of economic data has faced challenges over the years - from budget cuts to falling survey response rates, including during the pandemic - those limitations have not prevented the central bank from accurately tracking the economy's underlying trends. "We have so many sources of information that we have ways of checking, so I feel comfortable with the data so far," she said in an interview, noting that data collectors have been "extraordinarily innovative."


"If we went down a path that we discounted the value of having publicly collected data that we've long relied on, then I would be worried," she added. "But I have no information that that's the path we're actually on."

Polls suggest the public has more trust in the accuracy of federal statistics, such as the unemployment rate, than in the federal government overall. A national poll of about 1,000 adults conducted by survey research firm SSRS found that roughly 70 percent had at least some confidence in federal statistics, compared with 51 percent who said the same about the federal government overall.

Some economists are less sanguine.

Mark Zandi, chief economist at Moody's Analytics, said that the quality of U.S. economic data is becoming increasingly shaky just as the country faces major shifts from trade, immigration and other policy changes - a time when better investment in data is needed.


Among multiple worrying trends, he pointed to the combined 95,000 in downward revisions, announced last month, to job gains in April and March, the type of outsize revisions that could be at least partly driven by ongoing strains at the Labor Department.

"There's no smoking gun, yet, but there is smoke," he said.

Keith Hall, who served as commissioner of the Bureau of Labor Statistics during the George W. Bush and Obama administrations, said the agency had been chronically underfunded for years even though its budget is tiny by government standards.

"If you're worried about the quality of the data and issues with data accuracy, a place like BLS needs to spend a little more money, not less money," he said. "Cutting their budget is the wrong way to go."


Click here if you want to see it for yourself:
https://www.yahoo.com/news/why-fear-government-data-u-125933904.html

---

movielover said:

---

DW is a prolific thread creator.

---

Ni hao, Mao! Brazil establishes RMB clearing house — meaning that Brazilian exporters can get paid in Chinese Yuan. How de-dollarization happens incrementally.

China has been Brazil’s #1 trade partner for the last 14 years. Last year, the bilateral trade was $170 billion — twice… pic.twitter.com/6MrfqZyWK8

— S.L. Kanthan (@Kanthan2030) March 26, 2023

🇷🇺🛢🇯🇵 Japan has purchased a batch of Russian oil for the first time since February 2023, at a price of $57.5 per barrel.

The total value of the import amounted to 3.75 billion yen (approximately \$25.3 million), according to data from the country's Ministry of Finance. pic.twitter.com/Az7zP1Kqas

— Ignorance, the root and stem of all evil (@ivan_8848) July 17, 2025

bear2034 said:

---

movielover said:

---

DW is a prolific thread creator.

---

DW stands for DupedWags. He's a prolific fake news consumer.

---

Eastern Oregon Bear said:

---

bear2034 said:

---

movielover said:

---

DW is a prolific thread creator.

---

DW stands for DupedWags. He's a prolific fake news consumer.

---

I see you didn't learn much from your time out.

---

movielover said:

---

POO has done itself no favors, the city previously allegedly brought in a Port leader to shepard the As ballpark... not to run a port. Not helpful to ship captains before and after Covid. Container space way more valuable Asia --> USA, versus the opposite direction. After visiting POLA / LB, they often skip Oakland, just go home.

---