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Belle of the Ranch

Let's talk about you, unemployment, openings, and engines....

Belle of the Ranch

Belle of the Ranch

Society & Culture

4.91K Ratings

🗓️ 6 September 2025

⏱️ 4 minutes

🧾️ Download transcript

Summary

Let's talk about you, unemployment, openings, and engines....

Transcript

Click on a timestamp to play from that location

0:00.0

Well, howdy there, internet people, it's Bell again.

0:05.0

So today, we're going to talk about you, unemployment, and job openings.

0:12.0

Okay, there's some big economic news that the media has decided to push into the main coverage.

0:18.0

We need to go over it and add a lot of additional context, because this

0:23.6

matters to you. The number of job openings is low. It's 7.18 million. Trump recently fired

0:32.1

the calculator at the Bureau of Labor Statistics because he didn't like the numbers she was providing.

0:39.1

Now, the new reports show the job market to be even weaker. Something to note is that the Joltz

0:46.0

report, which stands for job openings and labor turnover survey, is based on a different survey

0:52.3

than the jobs report Trump got mad at. In other words, two surveys have

0:57.8

indicated Trump's job market is bad. Shock. But the part the media has latched onto is that there are

1:06.8

now more unemployed people than job openings. It's probably not the time to quit your job

1:13.1

unless you already have a replacement. But honestly, I think that's always good advice. Obviously,

1:20.1

this isn't good news. However, the media latching onto it is a little weird. And some outlets are

1:27.4

providing less than full context.

1:30.3

You're seeing a lot of charts starting in 2021, and it looks like a dramatic shift. However,

1:37.3

if you look from 2000, you'll find out that since the turn of the century, there have been

1:43.0

more unemployed than job openings for the overwhelming turn of the century, there have been more unemployed than job openings

1:45.1

for the overwhelming majority of the time. Don't get me wrong, the numbers are bad. The last

1:51.9

time we saw job cuts this bad in August was, well, the last time Trump was in office. But if we're

2:00.3

looking at the economic engine of the United States,

2:03.6

the media is focused on being overdue for an oil change,

2:07.6

while the radiator is clogged, leaking, and overheating,

...

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