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@aimstettner.bsky.social

169 Followers  |  330 Following  |  173 Posts  |  Joined: 07.11.2024  |  2.0056

Latest posts by aimstettner.bsky.social on Bluesky

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It’s Jobs Day Again All eyes on the Bureau of Labor Statistics for the August Jobs Report.

Ready for a crazy #JobsDay? Here is The Century Foundation Sr. fellow and former @USDOL secretary Julie Su with a preview: open.substack.com/pub/juliesul...

05.09.2025 09:45 β€” πŸ‘ 2    πŸ” 0    πŸ’¬ 0    πŸ“Œ 0
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Eight Ways Trump Is Making the Back-to-School Season More Expensive As students across the country return to classrooms and campuses, they and their families are facing higher prices for back-to-school essentialsβ€”from

A new report from The Century Foundation finds that the cost of school supplies are up 7.3% over last year. A combination of a sluggish job market and rising prices is a terrible combination for families and for policymakers trying to manage through Trump’s turbulence. tcf.org/content/comm...

14.08.2025 15:16 β€” πŸ‘ 0    πŸ” 0    πŸ’¬ 0    πŸ“Œ 0

In past downturns, Congress has acted to fund federal extended benefits. But with a President who blames statisticians when his policies stall economic growth, Americans could be left high and dry if the economy continues to worsen.

14.08.2025 15:16 β€” πŸ‘ 1    πŸ” 0    πŸ’¬ 1    πŸ“Œ 0

What’s more, these numbers don’t include the 1.83 million Americans who have been out of work for six months or longerβ€”the highest total since December 2021β€”meaning they no longer qualify for state benefits.

14.08.2025 15:16 β€” πŸ‘ 0    πŸ” 0    πŸ’¬ 1    πŸ“Œ 0

These new layoffs are adding to the rising toll of a tepid economy. This trend has left 1.953 million relying on unemployment benefits, at a time when hiring has slowed in most parts of the economy outside of health care.

14.08.2025 15:16 β€” πŸ‘ 0    πŸ” 0    πŸ’¬ 1    πŸ“Œ 0

While still low, continued claims by federal employees have started to rise, coming in at 8,193 for the week ending July 26 (+362 from July 19), almost double last year’s total at this time.

14.08.2025 15:16 β€” πŸ‘ 0    πŸ” 0    πŸ’¬ 1    πŸ“Œ 0

Today’s unemployment report highlights continued concerns in the job market, as new claims came in at 224,000 for the week ending August 9, down slightly from last week but still over the low of 217,000 reached on July 19.

14.08.2025 15:16 β€” πŸ‘ 4    πŸ” 1    πŸ’¬ 1    πŸ“Œ 0
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Trump's broad tariffs go into effect just as US economic pain is surfacing Global financial markets have taken President Donald Trump's tariff adjustments in stride. Shares in Asia and Europe, as well as U.S. futures, are mostly higher Thursday after Trump started imposing h...

Brilliant from my colleague Rachel West "There’s one person who can afford to be cavalier about the uncertainty that he’s creating, and that’s Donald Trump. The rest of Americans are already paying the price for that uncertainty.” apnews.com/article/trum...

07.08.2025 12:20 β€” πŸ‘ 4    πŸ” 2    πŸ’¬ 0    πŸ“Œ 0

It has been the honor of my life to serve as Commissioner of BLS alongside the many dedicated civil servants tasked with measuring a vast and dynamic economy. It is vital and important work and I thank them for their service to this nation.

02.08.2025 02:18 β€” πŸ‘ 22019    πŸ” 4398    πŸ’¬ 1180    πŸ“Œ 265
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TCF on the feckless firing of the BLS Commissioner

02.08.2025 00:14 β€” πŸ‘ 2    πŸ” 0    πŸ’¬ 0    πŸ“Œ 0
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Big news in today's #jobs report are the revisions. The labor market is much weaker than originally reported the last two months. While payrolls grew 73k in July, May and June data were revised down a total of 258k to 19k and 14k, respectively, bringing 3-month average growth down to 35k.
#EconSky

01.08.2025 12:46 β€” πŸ‘ 160    πŸ” 91    πŸ’¬ 9    πŸ“Œ 12
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The Hidden Costs of Trump’s Economy: Skipped Meals, Rising Debt, and the Impossible Choices Facing American Families In a new survey conducted by Morning Consult, The Century Foundation asked 2,007 Americans how they are managing amid the high cost of living in today’s

Not the price-cutting and job-creating change Americans crave.
tcf.org/content/repo...

01.08.2025 13:04 β€” πŸ‘ 0    πŸ” 0    πŸ’¬ 0    πŸ“Œ 0
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U.S. Bureau of Labor Statistics The Bureau of Labor Statistics is the principal fact-finding agency for the Federal Government in the broad field of labor economics and statistics.

Workers not feeling liberated on Trump's liberation day -- anemic job growth +73k, #unemployment rate ⬆️ to 4.2%. Highest black unemployment rate (7.2%) since October 2021!! #econsky bls.gov/news.release/e…

01.08.2025 13:04 β€” πŸ‘ 3    πŸ” 1    πŸ’¬ 1    πŸ“Œ 0

This is not the economy Americans are looking for.

31.07.2025 13:07 β€” πŸ‘ 0    πŸ” 0    πŸ’¬ 1    πŸ“Œ 0
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No Country for Young Grads β€” The Burning Glass Institute For the first time in modern history, a bachelor’s degree is no longer a reliable path to professional employment. Recent graduates face rising unemployment and widespread underemployment as structura...

In a job market where employers are gun shy about hiring, it's not only laid off workers struggling to find jobs. Young people – including new college graduates – are experiencing high rates of unemployment as they enter the workforce. www.burningglassinstitute.org/research/no-...

31.07.2025 13:07 β€” πŸ‘ 4    πŸ” 1    πŸ’¬ 1    πŸ“Œ 0
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Table A. Job openings, hires, and total separations by industry, seasonally adjusted - 2025 M06 Results

In short, fewer people are being laid off, but once they are it's harder to find work. That echoes the June JOLTS data which shows new hires in the economy down by 261,000 in the month of June, even as separations have slowed. www.bls.gov/news.release...

31.07.2025 13:07 β€” πŸ‘ 1    πŸ” 0    πŸ’¬ 2    πŸ“Œ 0

(Existing) insured unemployment is up 72,000 over last year - but the number of new claims has slowed over the last month from a high of 250,000 on the week ending June 7 to 218,000 in the last report of July (July 26).

31.07.2025 13:07 β€” πŸ‘ 0    πŸ” 0    πŸ’¬ 1    πŸ“Œ 0
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Americans Wanted a Cost of Living Warrior. Trump Is the Opposite Americans are increasingly concerned with cost of living issues. They voted for Donald Trump to help, but he's done the opposite.

That’s one concrete example of why polling released today by the @tcfdotorg found that 76 percent of Americans are concerned about a recession, as described by Julie Margetta Morgan www.rollingstone.com/politics/pol...

31.07.2025 13:07 β€” πŸ‘ 0    πŸ” 0    πŸ’¬ 1    πŸ“Œ 0

The total number of people on unemployment stayed high, just off the 3 and half year high reached in June, coming in at 1.946 million for the week ending July 19 (unchanged from last week)

31.07.2025 13:07 β€” πŸ‘ 0    πŸ” 0    πŸ’¬ 1    πŸ“Œ 0

Today's #unemployment claims report underscores a fundamental problem in today's job market - the slow down in hiring. www.dol.gov/ui/data.pdf

31.07.2025 13:07 β€” πŸ‘ 2    πŸ” 2    πŸ’¬ 2    πŸ“Œ 0

Guidance ⬇️ www.dol.gov/sites/dolgov...

10.07.2025 20:24 β€” πŸ‘ 0    πŸ” 0    πŸ’¬ 0    πŸ“Œ 0

The Department of Labor today banned those without work authorization from receiving previously available services--like providing information to immigrant workers about basic employment rights and the process of acquiring work authorization.

10.07.2025 20:24 β€” πŸ‘ 4    πŸ” 3    πŸ’¬ 1    πŸ“Œ 0

The Trump administration is launching a whole of government attack on immigrants and foundational pathways to the middle class likeHead Start, Title X family-planning clinics, career and technical education programs, with more agencies expected to roll out similar announcements in the coming days. 🧡

10.07.2025 20:16 β€” πŸ‘ 3    πŸ” 4    πŸ’¬ 1    πŸ“Œ 1

New jobless claims dipped below their plateau of 240,000 per week that persisted in the first half of June, falling to 236,000 (S.A.) in the week ending June 21 (down 10,000). Economic pain is certainly worse-latest figures show that fewer than 3 in 10 jobless workers are currently collecting UI.

26.06.2025 19:37 β€” πŸ‘ 0    πŸ” 0    πŸ’¬ 0    πŸ“Œ 0

Whether it’s new college graduates or laid off federal contractors, Americans are having a harder time finding new employment as the summer begins.

26.06.2025 19:37 β€” πŸ‘ 0    πŸ” 0    πŸ’¬ 1    πŸ“Œ 0

There are now 1.974 million people relying on unemployment benefits (+37,000) as of June 14, which is the highest total in more than three and a half years (November 2021). www.dol.gov/ui/data.pdf

26.06.2025 19:37 β€” πŸ‘ 1    πŸ” 0    πŸ’¬ 1    πŸ“Œ 0

As tens of thousands of federal workers exhaust severance packages or deferred resignation, broader job market weakness will certainly spread in the second half of the year.

18.06.2025 12:43 β€” πŸ‘ 0    πŸ” 0    πŸ’¬ 0    πŸ“Œ 0

But it's clear that public cuts are reverberating in the private sector with new claims up in DC, MD and VA last week as well as in Texas and New York.

18.06.2025 12:43 β€” πŸ‘ 0    πŸ” 0    πŸ’¬ 1    πŸ“Œ 0

But it's clear that public cuts are reverberating in the private sector with new claims up in DC, MD and VA last week as well as in Texas and New York.

18.06.2025 12:43 β€” πŸ‘ 0    πŸ” 0    πŸ’¬ 1    πŸ“Œ 0

UI claims continue to come almost exclusively from the private sector, with only 535 federal unemployment claims last week.

18.06.2025 12:43 β€” πŸ‘ 0    πŸ” 0    πŸ’¬ 1    πŸ“Œ 0

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