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The Mystery of the Strong Economy Has Finally Been Solved | Turns out it wasn’t actually that strong.
(www.theatlantic.com)
this post was submitted on 02 Aug 2025
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How fucked is that if you think about it. There are more jobs, but less employed people? I know the answer is that pay is so low, many people hold multiple jobs, but touting this as an achievement is perverse.
And look at the next couple of sentences:
Ah... I infer that with the daily economic and social chaos and confusion caused by this administration, many businesses had no idea if their own outlook was good or bad. The ones less affected would respond positively, right away so earlier data may have extrapolated from that.
Based on reporting, it looks like the BLS didn't have the staff to do the legwork anymore after the purge of the federal government, so they used various models to "guesstimate" the totals for May/June.