During the SOTU, didn't trump tout how incredibly strong the economy is?

[berg80]

U.S. payrolls unexpectedly fell by 92,000 in February; unemployment rate rises to 4.4%​

U.S. payrolls unexpectedly fell by 92,000 in February; unemployment rate rises to 4.4%

Nonfarm payrolls were expected to increase 50,000 in February while the unemployment rate held steady at 4.3%.

www.cnbc.com

I'm not an economist but I don't think job cuts and rising unemployment are signs of a booming economy. The greatest economy in the history of the world as Don likes to put it.

We have a "service" economy meaning it relies on the purchase of goods and services in order to thrive. When that is slowed by higher costs for consumers..........

New York Fed’s Williams says tariff burden falls ‘overwhelmingly’ on U.S. businesses and consumers​

New York Fed's Williams says tariff burden falls 'overwhelmingly' on U.S. businesses and consumers

Williams said that not only were the tariffs being felt at home, but they also were keeping the Fed from reaching its 2% inflation goal.

www.cnbc.com

.......leading to less discretionary spending it has an effect. Not a good one.

 

[berg80]

American consumers and businesses are taking most of the hit from President Donald Trump’s tariffs, New York Federal Reserve President John Williams said Tuesday in remarks that counter White House claims.

“The tariffs have overwhelmingly been borne domestically — a New York Fed analysis estimates that most of the burden has fallen on U.S. firms and consumers.,” Williams said in remarks for a conference in Washington, D.C. “In addition, the tariffs have already meaningfully increased U.S. prices of imported goods, and the full effects have likely not yet been felt.”

They are starting to be felt.

 

[kyzr]

As AI data centers come online, more jobs will be deleted and created transforming the economy into something new

AI Job Displacement Statistics (2026 Data & Trends)

Up-to-date AI job displacement statistics showing which jobs are most at risk, how fast automation is accelerating & what the data reveals about it.

click-vision.com

 

[Crepitus]

U.S. payrolls unexpectedly fell by 92,000 in February; unemployment rate rises to 4.4%​

U.S. payrolls unexpectedly fell by 92,000 in February; unemployment rate rises to 4.4%

Nonfarm payrolls were expected to increase 50,000 in February while the unemployment rate held steady at 4.3%.

www.cnbc.com

I'm not an economist but I don't think job cuts and rising unemployment are signs of a booming economy. The greatest economy in the history of the world as Don likes to put it.

We have a "service" economy meaning it relies on the purchase of goods and services in order to thrive. When that is slowed by higher costs for consumers..........

New York Fed’s Williams says tariff burden falls ‘overwhelmingly’ on U.S. businesses and consumers​

New York Fed's Williams says tariff burden falls 'overwhelmingly' on U.S. businesses and consumers

Williams said that not only were the tariffs being felt at home, but they also were keeping the Fed from reaching its 2% inflation goal.

www.cnbc.com

.......leading to less discretionary spending it has an effect. Not a good one.

They also dropped the January number by over 50K.

 

[Crepitus]

As AI data centers come online, more jobs will be deleted and created transforming the economy into something new

AI Job Displacement Statistics (2026 Data & Trends)

Up-to-date AI job displacement statistics showing which jobs are most at risk, how fast automation is accelerating & what the data reveals about it.

click-vision.com

AI is gonna be a disaster. More and more of the early adopters are discovering just how badly they fucked up,

 

[berg80]

Consumer sentiment hits record low, inflation fears rise amid Iran war​

Consumer confidence plunged to a record low in April as fears mounted over rising energy prices and the broader impact of the Iran war, according to a University of Michigan survey Friday.

The university’s headline index of consumer sentiment tumbled to 47.6, down 10.7% from March to its lowest on record. Current conditions and expectations indexes also saw double-digit monthly declines.

The drop in sentiment coincided with a sharp spike in inflation expectations, with respondents seeing prices up 4.8% in a year from now, a full percentage point rise from the March reading to its highest since August 2025. The one-year outlook in April 2025 was 6.5% following President Donald Trump’s “liberation day” tariff announcement.

Consumer sentiment hits record low, inflation fears rise amid Iran war

The university's headline index of consumer sentiment tumbled to 47.6, down 10.7% from March to its lowest on record.

www.cnbc.com

I can't wait for trump's predicted "golden age" for the economy to start. But I'm not holding my breath.

 

[Lesh]

U.S. payrolls unexpectedly fell by 92,000 in February; unemployment rate rises to 4.4%​

U.S. payrolls unexpectedly fell by 92,000 in February; unemployment rate rises to 4.4%

Nonfarm payrolls were expected to increase 50,000 in February while the unemployment rate held steady at 4.3%.

www.cnbc.com

I'm not an economist but I don't think job cuts and rising unemployment are signs of a booming economy. The greatest economy in the history of the world as Don likes to put it.

We have a "service" economy meaning it relies on the purchase of goods and services in order to thrive. When that is slowed by higher costs for consumers..........

New York Fed’s Williams says tariff burden falls ‘overwhelmingly’ on U.S. businesses and consumers​

New York Fed's Williams says tariff burden falls 'overwhelmingly' on U.S. businesses and consumers

Williams said that not only were the tariffs being felt at home, but they also were keeping the Fed from reaching its 2% inflation goal.

www.cnbc.com

.......leading to less discretionary spending it has an effect. Not a good one.

Oh yeah

And inflation spiked as well
Great job Trump

 

[berg80]

Oh yeah

And inflation spiked as well
Great job Trump

Not to mention inflation isn't done spiking. I noticed the other day the airlines have added additional baggage fees to cover the higher cost of jet fuel. Diesel fuel, used by trucks transporting goods all over the country, is another cost that will be passed on to consumers.
There is an inflation shock coming.

 

[kyzr]

Not to mention inflation isn't done spiking. I noticed the other day the airlines have added additional baggage fees to cover the higher cost of jet fuel. Diesel fuel, used by trucks transporting goods all over the country, is another cost that will be passed on to consumers.
There is an inflation shock coming.

Biden's 9.2% inflation peak was a shock, Trump's 3.3% bump in inflation due to the price of oil isn't a shock.
We need Hormuz opened to get inflation back to normal.

CPI report shows inflation surged in March as Iran war drove up energy costs

Inflation rose at an annual rate of 3.3% in March, driven by the sharpest monthly increase in gas prices since 1967.

www.cbsnews.com