What an "awful" jobs report.

Now what?


Stock futures pop after a better-than-expected June jobs report: Live updates
Sean Conlon and Lisa Kailai Han | CNBC | July 3, 2025

U.S. stock futures rose on Thursday after traders digested June’s big jobs report.

S&P 500 futures were higher by 0.3%, while Nasdaq 100 futures gained 0.4%. Futures tied to the Dow Jones Industrial Average also advanced 104 points, or 0.2%.

Nonfarm payrolls rose by 147,000 in June, the Bureau of Labor Statistics reported Thursday. That’s above the Dow Jones forecast for 110,000. The unemployment rate also fell to 4.1%, while economists had projected an increase to 4.3%.

Market gains were contained as the strong jobs report also spurred a big spike in Treasury yields and reduced expectations for the Federal Reserve to cut interest rates soon.

https://www.cnbc.com/2025/07/02/stock-market-today-live-updates.html

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This whole thread is so dumb. Posters like myself have been warning everyone that we need to curtail AI for years now because it will end up rendering a large percentage of employees obsolete. This is just the beginning. Andrew Yang was warning about this but he was too smart for the middlebrow masses. Now the chickens are coming home to roost.

Microsoft is about to lay off 9,000 employees. It’s not because business is bad. Their stock is almost $500/share now and they’re one of the richest companies in the world. They’re laying people off because of AI.

Most people on this board are going to be laid off and need UBI in less than 10 years. The Dems aren’t going to save you. Trump isn’t going to save you. It’s over.

They're laying people off because of greed.

Companies have been laying off and using AI to replace them in the past couple years, and already are hiring and moving back to people because AI doesn't work.

Your view of AI is naive. It's rapidly improving (measured in months, not years). If companies are rehiring, it's because they're still calibrating around the current state of AI (which will be many times better in just a year). AI, plus the rapid pace of robotic innovation, spells doom for the job market. And technology cannot be held back. If the US tried to put the brakes on it, China and others would continue accelerating. Neither party has a solution for what's coming but, of the two, we know that the Republicans will do everything in their power to make sure people suffer.

My view of AI is realistic. I work in the area.

All of these people saying next year, in 5 years, in 10 years. What? AI still will not work.

It's good that companies are firing employees today to replace them with AI. They are already discovering that it doesn't work and hiring replacement employees.

I have a full-time role in AI as well. What is it you do? Again, your view is hopelessly naive.

What an odd jobs report.

Up 147k. Govt 73k, health 39k, social assistance 19k. Other sectors little changed.

Everything the admin is cutting is actually adding jobs, while the more productive sectors that they want to increase are flat.

I know the Fed layoffs haven’t hit yet, since employees are on severance, but why are states still spending with the threat of funding cuts looming?

Anonymous wrote:

Trump is America’s abusive husband/father and everyone’s walking on eggshells wondering when he’s going to explode or what he’s going to break next. That makes people cautious and is not conducive to economic growth.

Sadly, I think the people who love Trump probably had abusive fathers and find him familiar and maybe even comforting.

This is probably true. Every person that I’ve known that has admitted to being a Trump supporter is an authoritarian jerk to their family, and a coward outside of it.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Your husband is an anecdotal example. It's personal for you. I get it.

Look at the employment numbers in the context of history. It's not bad at all.

If you lose your job, it’s impactful, no matter how you attempt to minimize it for that poster.

Just bragging now.... I've always been a saver. I've never had less than a year of living expenses.

I do not rely on anyone including the government. Stop living hand-to-mouth.

This place is filled with DC animals whose world is being shaken to the core, and a large part of the country is saying good.

Why is that? The entitlement mentality is rampant here. As if! You think you are necessary in government? Get real.

75% of the federal govt could be cut a few would miss it. 70% of the federal budget is transfer payments (money going from one person to another).

No one cares less about your "fundamental transformation".


"We are the ones we have been waiting for." - Barack Obama

LOL

Anonymous wrote:

Trump is America’s abusive husband/father and everyone’s walking on eggshells wondering when he’s going to explode or what he’s going to break next. That makes people cautious and is not conducive to economic growth.

Sadly, I think the people who love Trump probably had abusive fathers and find him familiar and maybe even comforting.

I agree. MAGA are so hateful and angry all the time. It seems like a serious mental health issue.

Anonymous wrote:

Anonymous wrote:OP. Sadly MAGA will spin this as Biden’s fault or lazy immigrants who are taking both public funds and good paying jobs. There is no reasoning, no understanding of economics, no acknowledgment of public goods or public will. It’s all ME ME ME.

Anyone who is upset with the direction of this country needs to do SOMETHING about it.

Volunteer
Protest
Boycott
Speak up, speak out. Especially people with money.

Why does everyone in DC assume everyone miserable. We are not.

You sound stupid. Typical MAGA the pp said anyone not everyone. Go back to worshiping your leader the adults are talking.

Not sure I believe this, but...

US labor market adds 147,000 jobs in June while unemployment falls to 4.1%

Trump is an incredible third world country king

Trump is America’s abusive husband/father and everyone’s walking on eggshells wondering when he’s going to explode or what he’s going to break next. That makes people cautious and is not conducive to economic growth.

Sadly, I think the people who love Trump probably had abusive fathers and find him familiar and maybe even comforting.

We still have a jobs report!?!?

I am surprised Stephen Miller has not stopped that or found a way to lie about it yet.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This whole thread is so dumb. Posters like myself have been warning everyone that we need to curtail AI for years now because it will end up rendering a large percentage of employees obsolete. This is just the beginning. Andrew Yang was warning about this but he was too smart for the middlebrow masses. Now the chickens are coming home to roost.

Microsoft is about to lay off 9,000 employees. It’s not because business is bad. Their stock is almost $500/share now and they’re one of the richest companies in the world. They’re laying people off because of AI.

Most people on this board are going to be laid off and need UBI in less than 10 years. The Dems aren’t going to save you. Trump isn’t going to save you. It’s over.

They're laying people off because of greed.

Companies have been laying off and using AI to replace them in the past couple years, and already are hiring and moving back to people because AI doesn't work.

Your view of AI is naive. It's rapidly improving (measured in months, not years). If companies are rehiring, it's because they're still calibrating around the current state of AI (which will be many times better in just a year). AI, plus the rapid pace of robotic innovation, spells doom for the job market. And technology cannot be held back. If the US tried to put the brakes on it, China and others would continue accelerating. Neither party has a solution for what's coming but, of the two, we know that the Republicans will do everything in their power to make sure people suffer.

Republicans would absolutely love to bring back slavery. They’re dying to pace around with whips.

Dumb, hyperbolic post like this are not helpful. Both parties are responsible for allowing AI to proliferate and not negotiate nonproliferation treaties with countries like China in the past 5-10 years. Now half the population is going to be out of a job, a college degree and those student loans are going to be meaningless, and we’re going to have to pay for UBI so all these people without jobs don’t riot in the streets.

Also, AI taking all these jobs means it makes absolutely no sense to let more people in the country because they will inevitably have to receive UBI as well and will just be another mouth to feed.

It is going to get real ugly real quick. The Microsoft mass layoffs are just the start. Your company’s not far off. So is mine. Buy acres of land in a place far north that won’t be affected so much by climate change, preferably with room for your kids who will have scant job prospects, especially if they have college degrees. Learn to hunt, fish, and farm. It is going to get real bad real fast. I would love to be wrong but rationally this is where AI is taking us.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This whole thread is so dumb. Posters like myself have been warning everyone that we need to curtail AI for years now because it will end up rendering a large percentage of employees obsolete. This is just the beginning. Andrew Yang was warning about this but he was too smart for the middlebrow masses. Now the chickens are coming home to roost.

Microsoft is about to lay off 9,000 employees. It’s not because business is bad. Their stock is almost $500/share now and they’re one of the richest companies in the world. They’re laying people off because of AI.

Most people on this board are going to be laid off and need UBI in less than 10 years. The Dems aren’t going to save you. Trump isn’t going to save you. It’s over.

They're laying people off because of greed.

Companies have been laying off and using AI to replace them in the past couple years, and already are hiring and moving back to people because AI doesn't work.

Your view of AI is naive. It's rapidly improving (measured in months, not years). If companies are rehiring, it's because they're still calibrating around the current state of AI (which will be many times better in just a year). AI, plus the rapid pace of robotic innovation, spells doom for the job market. And technology cannot be held back. If the US tried to put the brakes on it, China and others would continue accelerating. Neither party has a solution for what's coming but, of the two, we know that the Republicans will do everything in their power to make sure people suffer.

My view of AI is realistic. I work in the area.

All of these people saying next year, in 5 years, in 10 years. What? AI still will not work.

It's good that companies are firing employees today to replace them with AI. They are already discovering that it doesn't work and hiring replacement employees.

What did the public job report say?