The April Payrolls report shows the usual suspects doing the heavy lifting, except for Government
It was predictable that one of the pillars of Biden’s years, government, would get kicked out from under the economic table in the United States. And so it has. But that doesn’t mean she is not still smiling (in her uniquely grotesque manner).
The April Payrolls report came in at a higher than expected +115,000 in an economy seeing scores of people replaced by AI agents and young people unable to gain access. Click for full BLS report:
So where was the growth? The usual suspects (minus government). Services, baby.
Where was growth not? Government and Manufacturing. That’s kind of important because in the Trump economy manufacturing was supposed to be a pillar. You know, why you’re being taxed (tariffed) through certain price increases to benefit US manufacturing and a “made in America” ideal?
And it’s not just a one month thing. The 1yr reading shows that reliance on Services and an anti-manufacturing environment are trends, not a flash in the pan.
So there you have it. The Hazel economy AKA the USS Good Ship Lollipop sails on same as it ever was. Just with fewer government employees. That makes sense since Trump and his side puppets are doing whatever the fuck they want, anyway.
But the USS GSL keeps up its appearances to this day. Look, even unemployment figures are ticking down.
It’s merely Biden again, with Trump’s mug as the emblem now. Minus government, but also minus manufacturing and PLUS services, as usual. All those stump promises the “America Great Again” guy made had better start coming true for the rust belt.
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