The pace of hiring just fell to the lowest since 2011, outside of the pandemic

I'm sure a lot of things will trickle down, but only when Trump's diaper is full

just another 45 years?

Honestly, I haven't heard GOP used the term "trickle down" much since Bush tax cut. It's like they don't bother to pretend anymore. smh.

Less money in, more money out, welcome to the new economy. I recommend just racking up 8 credit cards to the hilt.

Nope. They working to completely turn off the faucet. Now their king is saying they can’t even afford to pay for childcare, Medicare, and Medicaid.

Yes! You'll get to help pay for the bailouts for all the rich fuckers companies!

In 2 weeks I bet.

Waiting for Reaganomics Trickle Down effects since 1980s

The pee from the billionaires will 100% trickle down

The only thing I see trickling down is a yellow liquid that smells like ammonia.... do I drink it for a new job and better life?

I can’t wait for oligarch piss to trickle down.

What really fries my brain is we’ve normalized “historic crisis” as a recurring season. At this point, basic stuff like expanding automatic stabilizers (unemployment, food assistance) feels like the least spicy, most overdue policy move imaginable.

Hmm, I wonder what happened in early 2025 to get us to this point? /s

The Feds are in tough spot. If they raise rates significantly to stop runaway grocery and other prices, they’ll decimate the job market. If they don’t raise rates, the cost of living will spiral out of control.

Or other types of “Once In A Lifetime” events. It hasn’t been 10 years yet since they were dropping rescue boats into the floodwaters from Hurricane Harvey, just one block from my house. ….plus, FEMA’s gutted now, and what’s left is being used to punish Trump’s perceived political enemies. Yay.

Will lower interest rates even increase jobs? Companies arent laying off because they arent profitable. They are laying off despite record profits.

Lowering rates to drive job creation is the wrong lever. You increase market stability so businesses have less risk in investing in their future. Uncertainty is what is driving unemployment and the hesitance in hiring. Also, inflation outran wages before the unemployment spike happened, and now inflation is driven by businesses attempting to compensate by charging middle and upper classes more to cover it, which is the equivalent of a snake eating it's tail. Trump's erratic behavior is causing the entire economy to death spiral.

I LITERALLY just finished an intro to economics class yesterday. There was a chapter on stagflation but it didn't really provide much detail because the textbook stated it rarely happens. They treated it like a chapter on total economic collapse. They said if a stagflation happens, its time to panic. Eek. Here we are.

Its worse than what they are saying. I'm sure there will be corrections as they cant hide it.

Tell your fellow Americans to stop voting for Trump. Life has been hell since 2016 with a brief 4 year respite.

You also have AI disrupting a significant part of the white collar job market, and tariffs disrupting the shit out of the supply chain. It's rough out there, and it's as if the President is pulling a new lever every week to make it worse

yes, but just consider how bad things would be if the president had a v***** instead of a p****. obviously trump was the better choice.

Self inflicted? More like we were politically raped by the MAGA party

Why would they lower rates when Trump says the economy is the strongest it's been in years?

Ah a fellow millennial!

There exists no difference between Republican policy and intentional destruction of America.

Just remember why the titanic sank and why JFK got JFK’d

Low interest rates won't stop AI layoffs anyway. The only solution is to stop companies from replacing workers with AI. Stop data centers, stop AI, and support Bernie Sanders.

Powel just came out yesterday worrying about the job market, the rates will be lowered, so here comes the inflation.

Well going to war and tariffs in the middle of high inflation recovery is monetary and economic suicide... shirley you knew that.

interest rates just blow up property prices. Central banks should stay away from it. Its a terrible tool that causes you to pay double for your mortgage vs your neighbour who just happened to be in a position to buy a few years earlier. Its one of the most unfair systems of nowadays society. 

Then people should stop voting for imbeciles 

We are in an apocalypse event

My close friend has 15 yrs of high performing finance roles. He got laid off 8 months ago and can’t find a job.

I was laid off from my job as NASA IT contractor August first last year. I signed a job offer in the private sector today. I had to change careers before I found something, and in the eight months I was looking for a new job, I had one interview within my field of IT. One. The job market is brutal.

Elon Musks DOGE killed my contract in SEPTEMBER. I had to cash out my 401k to stay afloat because unemployment benefits were so abysmal. I JUST found a job and I consider myself lucky. My heart bleed for anyone in a similar situation.

Try being near retirement in this climate! Though This is worse than 2008, IMO. I was laid off when the market crashed and was able to find contract work immediately and then landed a salaried job within 3 months. A few months after that, I was hired by a major corp and worked there until last May when there was a massive layoff. I was out of work for a solid 9 months. I used AI to tailor my resume and had countless interviews that went into 6+ rounds only to come in second place. My saving grace was that I’ve always been diligent with saving and investing. That’s how I handled 2008 and even weathered being furloughed for six months by my last company during COVID. Now I’ve gotta backfill the accounts for the next time this happens.

I just started a new job this week after a year of looking. It’s a great non profit and pays 49% of my last one... And honestly I’m still really grateful to have any decent job that mostly pays the bills. It’s bad out there.

I still have my job and survived the first round of layoffs but I’m in survival mode. I rarely go out anymore and just am hoarding as much as I can just in case I’m laid off.

Wife and I finally put in an offer to buy a home last Thursday. It was accepted on Friday. Laid off on Monday.

I'm a cpa with a specialization in business to business account collections and I've been unable to find genuine work for over six months

Where are you from?

This is going to be 2007 on steroids.

I have multiple friends who have been out of work for over a year; it's awful.

the job market currently functions less like a stable system and more like a l****** where the prize is a minimum wage

My hubby is 6 months into being laid off as a software dev. He's done 400+ applications, 3 companies have interviewed him, 2 went to finish interviews. No job offers. He's an incredible employee. But man it's scary right now.

Same as you. I've submitted a ton of applications, had so many interviews, but I have not received an offer. I went back to school in a lateral field and got my certification, and there is 100% a desperate need for this work, but Trump is screwing that up too. I was trying to stay positive but I honestly don't think I can anymore.

Hang in there boss. It ain't easy out there on the streets. One day something will click and you will remember how great it felt when it all turned around.

Honest answer? A new administration. All the issues we're dealing with right now are because of Trump and unregulated AI / mega corps.

Before we think about hirings we need to slow down the firings

Humans are very good at two things: destroying things and building new things on top of the rubble. After every bust there will be another boom sooner or later. In this case though idk...all indicators say the outlook is pretty f****** grim. I wonder if anyone currently alive will see another boom period like the 90s or 2010s ever again. 

Hmmm maybe expectations of limitless growth are unrealistic after all 🤔

It seems like the job creators are failing at their job. 

I forgot to thank DOGE too.

installing a former c***** owner to run the national economy is a reliable method for bankrupting the country

Yeah you know it’s bad when I see young kids with stem degrees in retail positions (e.g Nike, Amazon, Wal Mart etc) I didn’t have the heart to say anything which would break their innocence.

This might be two complix for ur libarel brane to comprehend, but bankrupting all those casinos was actually and 89D chess move that mortall humans aint capable of understanding. Including me. You should be on your nees in praise to Donald 'Jesus Christ 2.0' Trump. /s

Hey now, they need that research money to make missile guidance systems. Those middle eastern schools aren't going to bomb themselves! /S

trickle down economics remains the only system where billionaires collect the water while the working class manages the drought

We're likely due for an actual pandemic before the the Iran war concludes. If I'm less depressed than the global economy that's a win in my book.

I think depends on your industry. I have a buddy thats a freelance programmer and hes looking for a 9 - 5 because hes terrified it will be impossible to find a corporate gig pretty soon

Yep. I think we're really and truly in a recession (depression?) But Dump is hiding the numbers.

Top 10% of earners are doing over 50% of all retail spending. I don't think most people can buy much less than they are. Apparently the economy doesn't need us anyway.

hunker down with what :\[

Every republican president in my life has killed the economy and started a war in the Middle East

If you have a bachelors look at your local school district.

manhattan. rip good luck MouthanusJellyfish o/

There’s hope. I was hired while still getting my degree. Not sure what you’re going for, but it is possible.

On the contrary, I think we should embrace AI to accelerate the societal change and make the farce of jobs obvious

Likewise an employer