As job market slumps, Trump administration says it could take a year to see better economic data
Source: Reuters
September 5, 2025 12:49 PM EDT Updated 3 hours ago
WASHINGTON, Sept 5 (Reuters) - The White House said it expects the Federal Reserve to weigh larger rate cuts this month after Friday's "disappointing" jobs report, while President Donald Trump and his administration said it could be a year before the U.S. sees rosier economic data.
"The main market expectation is 25 basis points. But I would guess that there would be an expectation, a discussion of a higher cut, but I wouldn't expect it to happen," White House National Economic Council Director Kevin Hassett told reporters at the White House after the Labor Department report showed weaker job growth in August and the unemployment rate rising to 4.3%.
Trump for months has been pushing the U.S. central bank to lower its benchmark rates, saying the cuts are needed to bolster his economic policies and fuel growth even as some critics have raised questions about threats to the Fed's independence. "Jerome 'Too Late' Powell should have lowered rates long ago. As usual, hes 'Too Late!'" Trump posted on social media following the jobs data.
Friday's dim jobs data has raised some alarm bells and is seen likely to push Fed policymakers to seek to shore up the softening job market with at least a 25-basis-point rate cut when they meet September 16-17. "It's a little bit of a disappointing job number, but I pretty much expect it's going to revise up," Hassett told CNBC in a separate interview, citing the housing sector in particular.
Read more: https://www.reuters.com/world/us/job-market-slumps-trump-administration-says-it-could-take-year-see-better-2025-09-05/
In a year, it'll be a full-blown recession.
REFERENCE - https://www.democraticunderground.com/10143524396

CrispyQ
(40,265 posts)
walkingman
(9,883 posts)angryxyouth
(299 posts)He took a strong economy and in only 9 months gave us the worst job #s. Worst GDP, inflation in years, falling dollar, lower credit rattling. Devastated the the poor and working poor as far as health coverage and nutrition. Destroyed our institutions, education, science, CDC and basically anything else the United States excels in, while destroying are standing in the world. And nothing in the plus column to help the US. He is raising our national debt by at least lets say $8 trillion. What a stupid fuck.
Ray Bruns
(5,624 posts)To find out Trump was once again talking out of his ass.
underpants
(193,254 posts)So theyve gone from Golden Age to BLS didnt get good reporting to one year (those were yesterday morning) to two years yesterday afternoon.
Trump says its still Bidens economy but we should see an upward trend in about two years.
I guess he forgot that hes been telling us that were in the Golden Age.
Link to tweet
?s=46&t=3VBm1LJ8j8qLp6JTs_8J2A
pecosbob
(8,106 posts)muriel_volestrangler
(104,844 posts)... things might look bad for a year, but trust us, we can make it look good after that."
unblock
(55,654 posts)from a perfectly fine economy.
C_U_L8R
(48,168 posts)He's such an incompetent halfwit. How did he fail upwards so high?
underpants
(193,254 posts)So theyve gone from Golden Age theme to BLS didnt get good reporting to one year (those were yesterday morning) to two years yesterday afternoon.
Trump says its still Bidens economy but we should see an upward trend in about two years.
I guess he forgot that hes been telling us that were in the Golden Age.
Link to tweet
?s=46&t=3VBm1LJ8j8qLp6JTs_8J2A
badhair77
(5,002 posts)hamsterjill
(16,601 posts)n/t
BOSSHOG
(43,738 posts)To distract from his economic shit sandwich. Gosh what went wrong?
SamKnause
(14,457 posts)Bernardo de La Paz
(58,922 posts)... you can believe that the regime said that.
Reuters is not bullshit.
SamKnause
(14,457 posts)I was calling bullshit on Trump.
If he continues with his economic policies the economy is not going to get better.
Bernardo de La Paz
(58,922 posts)SamKnause
(14,457 posts)Being rude accomplishes nothing.
Bernardo de La Paz
(58,922 posts)What IS rude is a bald unadorned "Bullshit". The reader is left wondering why the poster needed to be so emphatic calling the Original Post bullshit.
I charitably gave you the benefit of the doubt and took it down a level and presumed you were instead calling the source bullshit.
SamKnause
(14,457 posts)Bengus81
(9,457 posts)SamKnause
(14,457 posts)I should have made my point clearer, but I thought the majority of people who post on this site would know what I meant.
OrlandoDem2
(3,110 posts)And with this one, inflation is gonna go up like a rocket once tariffs kick in - and its coming.
Prairie Gates
(6,359 posts)What a miserable failure.
Bernardo de La Paz
(58,922 posts)We are entering stage 4 of their con. Expect stage 4 to be the longest.
Here's how RepubliConners will play the con:
1. It won't cost you.
2. It's costing a tiny bit for a little time.
3. It's costing more but short time.
4. It costs a bunch and it will be a while but it's worth it. USA! USA! USA!
5. It's Obama's fault that the economy cratered.
https://www.democraticunderground.com/?com=view_post&forum=1014&pid=3510321
cstanleytech
(27,953 posts)progree
(12,368 posts)Oh, as far as fed rate cut expectations, before today's report it was 97% expectation of a quarter point or more cut on their Sept 17 meeting.
After the report: 100% of which 10.2% are expected a HALF point cut. (just now: 11.0%)
https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html
Before now and then, there is the producer price index report, the CPI, consumer sentiment, and retail sales reports coming out that will give the Fed some more to chew on.
republianmushroom
(21,487 posts)kimbutgar
(26,141 posts)Last edited Sat Sep 6, 2025, 01:23 AM - Edit history (1)
and we'll be in a great depression.
The orange pedo felon bankrupts all his businesses and will do the same for our country. Sadly
tclambert
(11,175 posts)If it's Trump flunkies, why bother with the whole annoying gathering data part? Just make up flattering numbers!
This is the new economics.
amcgrath
(415 posts)have been pushed back from day one to twenty two months?
Mysterian
(5,952 posts)"Happy Days Are Here Again!"
bmichaelh
(967 posts)This is a pattern of behavior with Trump.
How many banks did he tell that phrase "better in a year" before he went bankrupt.
Once an idea gets into his head, no amount of data or reasoning will change it.
For example, in the 1980s, he and other USFL owners thought they could force a merger between USFL and NFL by moving their schedule to the fall.
It did not work like he said back then either.
Unfortunately, many people, some who did not vote for him will suffer.
What is supposed to happen in a year:?
Many things could change in a year.
We could have a healthcare crisis in a year due to RFK Jr's incompetence.
Has there ever been an administration showing so much incompetence in multiple departments.
C_U_L8R
(48,168 posts)And the world still puts up with his bullshit. Come on !!!
Bengus81
(9,457 posts)sakabatou
(45,349 posts)Old Testament Libera
(134 posts)Or it could be only next month if Trump's new appointee gets right on manufacturing the better data.
That is one way to bring back manufacturing!
Griefbird
(121 posts)Isn't that his usual can kick?
senseandsensibility
(24,001 posts)Despite some recent developments, they are slow learners at the ridicule game. And there's so much to work with!!