We are now seeing evidence of cuts to Obamacare subsidies in hospital income,l. The industry seems to have suspected this was coming for some time; here’s spending on health facility construction, alongside healthcare policy uncertainty:
Health care employment, along with leisure and hospitality, has been the main driver of overall hiring during most of the Covid expansion. Health care hiring continues to lead, but is cooling. It’s no secret that immigration policy has impeded health care hiring, but with hospitals reporting a drag on income from lost insurance and construction of health facilities slowing apparently because of government policy, we have to suspect health care employment is weakening by both Immigration and insurance policy.
Say goodbye to one of the few bright spots in the labor market.
Johnnydean
Immigration policy is irrelevant in hiring. Matter of fact legal and illegal immigration has risen quietly under Trump. Almost all surveillance and fine enforcement has collapsed in favor of “direct” enforcement. Health Care employment has been cooling here since 2023. Its nothing new.
If you wanna pay the Trump family for extra employees out of the US, great they will bring them in themselves. Man, you need to pay attention.
About 100,000 jobs per month need created to keep up with population growth. 150,000 30 years ago. 160,000 40 years ago.
Macroduck
johnny (aka Shadowdude/Realtruth/Zanny/Xenogear/JackBlackie/Lava/Truther/Pitts/Ernest/Stephen/Economicsman) has claimed In comments here that GSE purchases of mortgage-backed securities don’t matter, that Temporary Protective Status data are ‘fictional”, the GDP is “bad”, that ADP wage data are an illusion. Now he says immigration policy is irrelevant in hiring; Claudia Sahm says otherwise, but who cares, right?
It turns out that johnny has lots of aliases, but only one idea – every fact is wrong. Why does johnny only know that facts aren’t facts? Too much time watching faux news? An ego-drivren need to pretend only he has all the answers? Frustration at his own lack of analytical skill? Can’t say.
What we do know is that johnny, no matter which alias he uses, only has one idea, and that idea is really just a knee-jerk rhetorical trick.
Macroduck
Fed Governor Cook is still under fire by the felon-in-chief:
I do wonder whether the felon isn’t very prone to accuse others of cruminality because he wants his own criminality too seem normal. He has lots of ways to exercise illicit power, but has a preference for this one.
Ivan
Trump has realized that having his little sock puppet as Fed Chair is not enough to get the rate cuts he wants. I am sure Walsh is telling him: “I just don’t have the votes”. So Trump is restarting his efforts to get more sock puppets/votes.
ottnott
“I do wonder whether the felon isn’t very prone to accuse others of cruminality because he wants his own criminality too seem normal. He has lots of ways to exercise illicit power, but has a preference for this one.”
He’s always been very big on the use of lawsuits to silence critics, bully contractors into huge cost concessions, etc.
Now he has a massive, taxpayer-funded legal group that can deliver criminal charges and put targets through endless months of expensive motions, hearings, etc., often in courtrooms presided over by judges he appointed. No matter how flimsy the charges, his targets bear a heavy cost and he pays nothing.
Maybe he used to feel some need to create a smokescreen, but he’s learned that it isn’t necessary. His core followers don’t care what he’s accused of. The corrupted Supreme Court has made it nearly impossible to prosecute him for a criminal act. A former personal attorney has just become the US Attorney General. Trump is a pig in shit.
– Saudi Arabia, Pakistan and Turkey (all majority Sunni) sign a mutual defense pact.
– Iran calls on “all Muslims” to stand together against the U.S. The timing is not a coincidence. There are lots of Muslims who don’t really grind their teeth over the Sunni/Shi’ite split, but theocratic governments do. Iran is counting on less-sectarian Muslims to see the Saud family’s extreme religious notions as a problem. Might not work, but it’s a smart play.
– Houthis attack Saudi-backed government troups in Yemen. This takes the cross-border tit-fot-tat between Houthis and Saudi Arabia back within Yemen’s borders. This restart of internal battles has been expected since the Houthis and Saudi Arabia began trading fire a few weeks ago. It is not a good sign for regional peace.
Crude and wholesale gasoline priced are both up on Friday, though that’s hardly a surprise when traders face two days of news without markets being open.
TalkingPointsMemo listened to the pathetic whining about the jobs report from Kevin Hassett so we don’t have to! Now Kevin – this report is not consistent with a booming economy.
Macroduck
The rebuttal to Hassett included the prime-age employment-to-population ratio:
Taken together, the last two months have been weaker than anything since early 2023. There could be a big problem with the “pop” denominator of empop, but the weakness in this ratio is consistent with the overall weakness of the labor market, not just an artifact of bad immigration policy.
James
More from the BLS July 2026 Employment Situation: The BLS says payroll employment averaged only +34,000 per month over the preceding 12 months. That’s an astonishingly low number for an economy that isn’t officially in recession. And contrary to what Hassett and Fox News keeps telling me: the sequence is getting worse: May: +63k; June: +20k; July: −23k. The three-month average is now only about +20,000 jobs/month. That is essentially zero employment growth. Seasonal adjustments aside – the Trump economy is looking increasingly grim.
pgl
“And contrary to what Hassett and Fox News keeps telling me”
Hassett is lying more than even E.J. Antoni, which I thought would be impossible.
Macroduck
If Hassett can’t lie more than little Antoni, why should Hassett have the big job?
Not being facetious. If the election gives the felon-in-chief a case of the sads, he’ll start firing people: “Why didn’t you lie better, so my guys could win?” So far, he has mostly fired (and tried to fire) women, but there aren’t many women left to fire. It’s gotta be tough to be a cabinet member right about now. Hassett and Bessent have both said inane things this week – the pressure is on.
Who could have guessed?:
“Hospitals feel the pinch as more patients lose insurance”
https://www.healthcaredive.com/news/hospitals-feeling-pinch-patients-lose-insurance/826764/
We are now seeing evidence of cuts to Obamacare subsidies in hospital income,l. The industry seems to have suspected this was coming for some time; here’s spending on health facility construction, alongside healthcare policy uncertainty:
https://fred.stlouisfed.org/graph/?g=1XQPI
Funny how that works.
Moving on to the next domino, here’s the y/y% change in health care workers compared to all employees:
https://fred.stlouisfed.org/graph/?g=1XQQs
Health care employment, along with leisure and hospitality, has been the main driver of overall hiring during most of the Covid expansion. Health care hiring continues to lead, but is cooling. It’s no secret that immigration policy has impeded health care hiring, but with hospitals reporting a drag on income from lost insurance and construction of health facilities slowing apparently because of government policy, we have to suspect health care employment is weakening by both Immigration and insurance policy.
Say goodbye to one of the few bright spots in the labor market.
Immigration policy is irrelevant in hiring. Matter of fact legal and illegal immigration has risen quietly under Trump. Almost all surveillance and fine enforcement has collapsed in favor of “direct” enforcement. Health Care employment has been cooling here since 2023. Its nothing new.
If you wanna pay the Trump family for extra employees out of the US, great they will bring them in themselves. Man, you need to pay attention.
About 100,000 jobs per month need created to keep up with population growth. 150,000 30 years ago. 160,000 40 years ago.
johnny (aka Shadowdude/Realtruth/Zanny/Xenogear/JackBlackie/Lava/Truther/Pitts/Ernest/Stephen/Economicsman) has claimed In comments here that GSE purchases of mortgage-backed securities don’t matter, that Temporary Protective Status data are ‘fictional”, the GDP is “bad”, that ADP wage data are an illusion. Now he says immigration policy is irrelevant in hiring; Claudia Sahm says otherwise, but who cares, right?
It turns out that johnny has lots of aliases, but only one idea – every fact is wrong. Why does johnny only know that facts aren’t facts? Too much time watching faux news? An ego-drivren need to pretend only he has all the answers? Frustration at his own lack of analytical skill? Can’t say.
What we do know is that johnny, no matter which alias he uses, only has one idea, and that idea is really just a knee-jerk rhetorical trick.
Fed Governor Cook is still under fire by the felon-in-chief:
https://www.marketplace.org/story/2026/08/07/trump-admin-to-reup-case-against-fed-governor-lisa-cook
I do wonder whether the felon isn’t very prone to accuse others of cruminality because he wants his own criminality too seem normal. He has lots of ways to exercise illicit power, but has a preference for this one.
Trump has realized that having his little sock puppet as Fed Chair is not enough to get the rate cuts he wants. I am sure Walsh is telling him: “I just don’t have the votes”. So Trump is restarting his efforts to get more sock puppets/votes.
“I do wonder whether the felon isn’t very prone to accuse others of cruminality because he wants his own criminality too seem normal. He has lots of ways to exercise illicit power, but has a preference for this one.”
He’s always been very big on the use of lawsuits to silence critics, bully contractors into huge cost concessions, etc.
Now he has a massive, taxpayer-funded legal group that can deliver criminal charges and put targets through endless months of expensive motions, hearings, etc., often in courtrooms presided over by judges he appointed. No matter how flimsy the charges, his targets bear a heavy cost and he pays nothing.
Maybe he used to feel some need to create a smokescreen, but he’s learned that it isn’t necessary. His core followers don’t care what he’s accused of. The corrupted Supreme Court has made it nearly impossible to prosecute him for a criminal act. A former personal attorney has just become the US Attorney General. Trump is a pig in shit.
Off topic – Middle East Follies:
https://www.cbsnews.com/live-updates/iran-war-yemen-saudi-arabia-houthis-donald-trump-deadly-attacks/
All from the CBS Middle East news scroll:
– Saudi Arabia, Pakistan and Turkey (all majority Sunni) sign a mutual defense pact.
– Iran calls on “all Muslims” to stand together against the U.S. The timing is not a coincidence. There are lots of Muslims who don’t really grind their teeth over the Sunni/Shi’ite split, but theocratic governments do. Iran is counting on less-sectarian Muslims to see the Saud family’s extreme religious notions as a problem. Might not work, but it’s a smart play.
– Houthis attack Saudi-backed government troups in Yemen. This takes the cross-border tit-fot-tat between Houthis and Saudi Arabia back within Yemen’s borders. This restart of internal battles has been expected since the Houthis and Saudi Arabia began trading fire a few weeks ago. It is not a good sign for regional peace.
Crude and wholesale gasoline priced are both up on Friday, though that’s hardly a surprise when traders face two days of news without markets being open.
talkingpointsmemo.com/news/kevin-hassett-thinks-ignoring-the-dismal-jobs-numbers-makes-them-disappear?fbclid=IwY2xjawTj-nNwZG9mBWV4dG4DYWVtAjExAGJyaWQRMU1GajZqcnNEY0lzUXlQRGVzcnRjBmFwcF9pZBAyMjIwMzkxNzg4MjAwODkyAAEepKaW_I4o4R2sGpRIoShMaS4cFSa9CZHr3hpwfQ0bdqH4AUDBIRMN-woynl0_aem_-03SnlpNAvGSCEBnp8wvHw
TalkingPointsMemo listened to the pathetic whining about the jobs report from Kevin Hassett so we don’t have to! Now Kevin – this report is not consistent with a booming economy.
The rebuttal to Hassett included the prime-age employment-to-population ratio:
https://fred.stlouisfed.org/graph/?g=1XRar
Taken together, the last two months have been weaker than anything since early 2023. There could be a big problem with the “pop” denominator of empop, but the weakness in this ratio is consistent with the overall weakness of the labor market, not just an artifact of bad immigration policy.
More from the BLS July 2026 Employment Situation: The BLS says payroll employment averaged only +34,000 per month over the preceding 12 months. That’s an astonishingly low number for an economy that isn’t officially in recession. And contrary to what Hassett and Fox News keeps telling me: the sequence is getting worse: May: +63k; June: +20k; July: −23k. The three-month average is now only about +20,000 jobs/month. That is essentially zero employment growth. Seasonal adjustments aside – the Trump economy is looking increasingly grim.
“And contrary to what Hassett and Fox News keeps telling me”
Hassett is lying more than even E.J. Antoni, which I thought would be impossible.
If Hassett can’t lie more than little Antoni, why should Hassett have the big job?
Not being facetious. If the election gives the felon-in-chief a case of the sads, he’ll start firing people: “Why didn’t you lie better, so my guys could win?” So far, he has mostly fired (and tried to fire) women, but there aren’t many women left to fire. It’s gotta be tough to be a cabinet member right about now. Hassett and Bessent have both said inane things this week – the pressure is on.