Unemployment Rises to 4.2 Percent in July as Job Growth Slows Sharply
US job growth fell to just 73,000 in July, with downward revisions to May and June. Unemployment rose to 4.2%.
8/8: The dire reshaping of the labor market results from deliberate policy choices. Attacking federal jobs, worker protections, mass deportations, and ignoring proven international models for worker parity are fueling this mounting crisis. bit.ly/4ongbqK
01.08.2025 17:47 β π 2 π 0 π¬ 0 π 0
7/8: @hcbrown.bsky.social found peer countries successfully integrate disabled workers through robust nondiscrimination protections + broader safety nets. Unlike the US, they've been effective at improving employment parity b/t disabled & non-disabled workers. cepr.net/publications...
01.08.2025 17:47 β π 3 π 0 π¬ 1 π 1
6/8: Workers with disabilities saw unemployment spike to π10% - a 1.8pp jump from last year and the highest July rate since 2021.
This isn't just about economic cycles - it reflects deliberate policy choices. When we exclude disabled workers, we harm both individuals AND the economy.
01.08.2025 17:47 β π 1 π 0 π¬ 1 π 0
5/8: @algernon_austin's research shows Black employment trending downward since 2024 - before any official recession. Black workers are often the economic canary in the coal mine, signaling broader trouble for other workers.
01.08.2025 17:47 β π 1 π 0 π¬ 1 π 0
4/8: His research shows Black workers face unemployment rates consistently twice that of white workers - regardless of education level.
Black college grads even have unemployment rates comparable to white high school dropouts. cepr.net/publications...
01.08.2025 17:47 β π 1 π 0 π¬ 1 π 0
3/8: Black unemployment spiked to 7.2% up from 6.8% in June - the highest since Oct. 2021.
CEPR's @a-austin.bsky.social has also been tracking these concerning trends for some time. cepr.net/publications...
01.08.2025 17:47 β π 4 π 0 π¬ 1 π 0
2/8: Here's how bad it is: Healthcare accounted for 142% of all job gains. That means EVERY other sector combined actually LOST jobs. Manufacturing down 11K, restaurants lost 300 jobs, even state/local education fell 11.6K. Outside of health care, we're seeing negative job growth.
01.08.2025 17:47 β π 2 π 0 π¬ 1 π 0
Unemployment Rises to 4.2 Percent in July as Job Growth Slows Sharply
US job growth fell to just 73,000 in July, with downward revisions to May and June. Unemployment rose to 4.2%.
π§΅π¨ 1/8: July #JobsReport is bad news. Unemployment rose to 4.2% with just 73K jobs added - but the real story is in the revisions. May & June were slashed to just 19K & 14K jobs respectively. The 3-month average? A paltry 35K jobs @deanbaker13 writes: bit.ly/4ongbqK
01.08.2025 17:47 β π 4 π 2 π¬ 1 π 0
Is Black America the Leading Edge of a Coming Trump Recession?
Black unemployment surged in June amid signs of a slowing economy. Black Americans may again face disproportionate harm in an approaching recession.
Last month, I was worried about signs of growing black joblessness. This month provides more reason to worry: Black unemployment up from 6.8% to 7.2%. Employment-population ratio drops from 57.7 to 57.2. @ceprdc.bsky.social @jointcenter.bsky.social cepr.net/publications...
01.08.2025 13:16 β π 4 π 2 π¬ 0 π 0
π¨π¨LAST DAY TO VOTE: Congress is full of Sheriffs of Nottingham β robbing the poor to pay the rich. If you support our work, help us continue exposing this corruption by voting for us in the @credomobile.bsky.socialΒ grant competition. http://bit.ly/45ixX5F
31.07.2025 13:02 β π 2 π 0 π¬ 0 π 0
CEPR Sanctions Watch June 2025
June 2025 Sanctions Watch: Iran talks stall, Gaza crisis deepens, Syria sanctions repeal advances, ICC judges targeted, and more global updates.
Cuba warns US pressure on its medical missions could trigger "historic massive migration." New data shows Cuba's population declined 13% since 2020 as economic pressure mounts. Full Sanctions Watch here:Β
31.07.2025 00:02 β π 1 π 0 π¬ 0 π 0
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30.07.2025 21:31 β π 2 π 0 π¬ 0 π 0
GDP Preview: What to Expect in the Second Quarter 2025 Report
Q2 2025 GDP shows modest rebound, but overall growth stays weak amid slow consumption and productivity concerns.
The GDP "surge" is mostly artificial - driven by import shifts from Trump's tariffs, not genuine economic strength. @deanbaker13.bsky.socialΒ puts today's number in context: averaging Q1's decline w/ Q2's growth shows the economy is actually slowing sharply.
30.07.2025 16:04 β π 1 π 0 π¬ 0 π 0
π¨ Today's 3% GDP headline is misleading. The economy SHRANK 0.5% in Q1, and when both quarters are averaged, growth is "exceptionally weak" just 1.25% for the first half of 2025 - vs 2024's 2.8% pace. The slowdown is real, explains @deanbaker13.bsky.social. http://bit.ly/3GOMoGv
30.07.2025 16:04 β π 2 π 1 π¬ 1 π 0
Woodrow Wilson called sanctions "something more tremendous than war." New evidence from our Lancet report proves he was right a century ago - unilateral sanctions now kill around 564K people EACH YEAR and continue to be used routinely by world powers. bit.ly/Sanctions_Study
30.07.2025 14:02 β π 4 π 2 π¬ 0 π 0
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30.07.2025 12:02 β π 1 π 0 π¬ 0 π 0
White House Proposes Rule to Deny Rights to Caregivers
Trump's proposed rule would cut wage protections for 3.7 million home care workers, reversing key labor rights won in 2013.
The US Department of Labor has issued a proposed rule that would overturn 3.7 million home care workersβ rights to earn a minimum wage and receive overtime pay.
Via Emma Curchin @ceprdc.bsky.social cepr.net/publications...
30.07.2025 01:55 β π 15 π 12 π¬ 1 π 0
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30.07.2025 00:02 β π 0 π 0 π¬ 0 π 0
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29.07.2025 14:31 β π 3 π 0 π¬ 0 π 0
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29.07.2025 00:03 β π 4 π 1 π¬ 0 π 0
The Black unemployment rate saw a sudden SPIKE in June, a potential early warning sign for the broader economy.Β
Could this be a signal of a weakening labor market? https://cepr.net/publications/is-black-america-the-leading-edge-of-a-coming-trump-recession/
28.07.2025 20:30 β π 2 π 0 π¬ 0 π 0
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π¨ ONLY 4 DAYS to vote! The real thieves operate from boardrooms & the Oval Office, not street corners. Our research exposes this coordinated theft masquerading as policy. Help us secure a @credomobile.bsky.socialgrant to keep funding our work.
28.07.2025 17:31 β π 1 π 1 π¬ 0 π 0
There is still time to vote for how July's donations will be allocated at www.credodonations.com.
28.07.2025 18:00 β π 2 π 1 π¬ 1 π 0
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π¨ ONLY 4 DAYS to vote! The real thieves operate from boardrooms & the Oval Office, not street corners. Our research exposes this coordinated theft masquerading as policy. Help us secure a @credomobile.bsky.socialgrant to keep funding our work.
28.07.2025 17:31 β π 1 π 1 π¬ 0 π 0
CEPR Sanctions Watch June 2025
June 2025 Sanctions Watch: Iran talks stall, Gaza crisis deepens, Syria sanctions repeal advances, ICC judges targeted, and more global updates.
Over 400 people killed and 3,000 injured in just three weeks while trying to access aid in Gaza, according to recent reports. UN officials call it "weaponized hunger" and "humanitarian camouflage." Full report in Sanctions Watch here β οΈ
28.07.2025 16:31 β π 1 π 0 π¬ 0 π 0
In 2006, a Black or Latino borrower making $250K was MORE likely to get a subprime loan than a white borrower making just $35K.
Let that sink in.
Prof.Β Jacob Faber breaks down how systemic racism in lending created wealth gaps that persist today. https://cepr.net/mostly-economics/
28.07.2025 12:03 β π 4 π 0 π¬ 0 π 0
Many believe sanctions are "humane" and targeted, but our data shows they kill 564K+ people a year, as many as armed conflict. The invisibility is intentional. Politicians get war's deadly impact without the political blowback. TY @bloomberg.comΒ for covering our findings: https://bloom.bg/3ICqiYl
27.07.2025 14:02 β π 4 π 1 π¬ 0 π 0
Battle deaths from wars: 106K annually.Β
Deaths from unilateral sanctions: 564K annually.Β
Economic sanctions are killing as many people as armed conflict, proving they arenβt a more humane alternative to war. Our new Lancet report reveals the grim findings: bit.ly/Sanctions_Study
26.07.2025 15:02 β π 1 π 1 π¬ 0 π 0
Professor Jacob Faber explains how discriminatory practices of the FHA intentionallyΒ excluded Black, Jewish, and immigrant families from entire neighborhoods.
This wasn't an accident. It was their policyβredlining.
http://www.mostlyeconomics.com/
26.07.2025 12:02 β π 1 π 0 π¬ 0 π 0
CEPR Sanctions Watch June 2025
June 2025 Sanctions Watch: Iran talks stall, Gaza crisis deepens, Syria sanctions repeal advances, ICC judges targeted, and more global updates.
Bipartisan lawmakers recently introduced a bill to permanently repeal the Caesar Act sanctions on Syria. While Trump issued waivers, businesses still hesitate to invest when sanctions remain "on the books.β Read more here:
25.07.2025 16:02 β π 0 π 0 π¬ 0 π 0
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