THE DEEPER DIVE: Signs of the Stealth Recession Keep Broadening and Deepening, by David Haggith

The economy is nowhere near as rosy as Trump and fans make it out to be. From David Haggith at thedailydoom.com:

Factory workers, small businesses, homeowners and shoppers are all feeling the heat or economic collapse.

It’s time for an overview of the US economy before the government’s likely fraudulent GDP report comes out, which the Trump administration says (unsurprisingly) has been postponed until some indefinite time beyond January:

GDP (Advance Estimate), 4th Quarter and Year 2025 will be rescheduled. These data were originally scheduled for release on Jan. 29, 2026. Sufficient source data will not be available in time for the original release date.

Surprise, surprise. For them, if they are going to honest, the longer they can forestall release of the data the better. Even if they are going to be dishonest, it will probably take extra time to figure out how to dress the numbers up.

Therefore, we are going to look at other economic data to get a sense of what’s happening in gross domestic production.

Jobs

While, the President claims the job market is booming for US.-born, the Data doesn’t show it.

Since the summer, Trump officials have been trumpeting the idea that job creation is booming for U.S.-born workers….

Trump administration officials … said recently that more than 2.5 million U.S.-born workers gained jobs in 2025 as 1 million immigrants left the workforce.

But economists on both sides of the political aisle say they have seen no evidence that American-born workers are getting jobs by the millions or moving en masse into positions abandoned by deported immigrants.

In fact, data shows that U.S.-born workers are doing moderately worse under Trump than they were under President Joe Biden because the labor market has weakened — partly due toa sharp slowdown in immigration.

Even after firing the head of the BLS for reporting slowing job growth, Trump’s own administration keeps reporting the exact opposite of what the president is bragging about. In fact, the reports keep looking worse. The top numbers in the latest jobs report stagnated at an already recessionary level, but the numbers beneath the surface—the revisions to numbers reported in past months that come in when the government hopes people are paying less attention—just got revised down (as is typical) to a lot worse than they already were.

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