![\"On](\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2025\/08\/1754756177_817_960x0.jpg\")
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Business and finance concept. On the background of dollars lies a piece of paper with the text – EMPLOYMENT<\/p>\n
getty<\/p>\n
So we\u2019re getting over the shock of the worst monthly Jobs Report filed by the Bureau of Labor Statistics in the last 15 years (except the Covid months). July\u2019s numbers were truly a gut punch to our job market but were no surprise to anyone who\u2019s been objectively observing and who knew what to expect.<\/p>\n
Yet some people are surprised, suspicious, or both: surprised that it wasn\u2019t better, suspicious that it was a \u201crigged\u201d report, designed to make the administration look bad. One of those people is Donald Trump, who should know better.<\/p>\n
I\u2019m a career coachand job market observer, at this for 28 years.<\/p>\n
I certainly knew better, and here\u2019s what I knew.<\/p>\n
On Trump\u2019s first day in office, he started instigating what he threatened as long ago as his first term: \u201cthe deconstruction of the administrative state.\u201d Now, it doesn\u2019t take much to imagine what that means or what the scope of it could be. But with every onslaught carried out by Trump\u2019s executioner Elon Musk, there were equal and opposite law suits and appeals, which only served too mess up the market and anyone\u2019s ability to account for it. It drove the BLS crazy and the rest of us clueless.
\n This has been percolating for months, ultimately revising May and June numbers from a total of 291,000 to 33,000. This infuriated the president, but it was clearly self-inflicted (DOGE).
\n The job market is a complex system, with many subcutaneous factors. It\u2019s much more than job creation numbers and unemployment rates. For instance, based on July\u2019s numbers when the civilian noninstitutional population (working age adults) grows by 200,000, and the number of employed Americans shrinks by 260,000, that a sign if weakness and disharmony in the market. When the number of unemployed rises by 221,000 while the unemployment rate ticks up by only 0.1%, something\u2019s brewing. And when unemployment rates vary wildly \u2013 White 3.7%, Asian 3.9%, Hispanic 5.0%, and African-American 7.2% \u2013 that kind of inequity always has a price to pay.
\n And when 75% of all jobs created come from one employment sector (health care) and all of it from two (social assistance), that\u2019s just plain lopsided.<\/p>\n
Who solves problems?<\/p>\n
No doubt this is trouble, but a real leader says \u201cIt\u2019s not my fault but it is my problem\u201d while less of a problem solver blames, suspects, and accuses. This is by no means over.<\/p>\n","protected":false},"excerpt":{"rendered":"Business and finance concept. On the background of dollars lies a piece of paper with the text –…\n","protected":false},"author":2,"featured_media":57258,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,46],"class_list":["post-57257","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-ca","tag-canada","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/57257","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=57257"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/57257\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/57258"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=57257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=57257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=57257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}