Everyone’s celebrating this morning’s jobs report like it means something. 172,000 jobs added versus an expectation of 80,000 — sounds great, right? Wrong. I’m going to tell you exactly what the media is too lazy or too compromised to say out loud.
Since Trump’s so-called “Liberation Day” on April 2nd, 2025 — when his tariff insanity went into overdrive — the U.S. has added a net zero jobs. Nothing. And now, out of nowhere, we get one blowout report and the press acts like the economy is back. Stop it.
Here’s what actually happened: the World Cup is coming to the U.S., and hospitality businesses — hotels, restaurants, bars — have been staffing up in anticipation. These are likely temporary hires. Seasonal. Event-driven. And here’s the kicker — there’s a very real chance those tourists never show up in the numbers anyone is counting on, because people around the world are genuinely afraid to travel to the United States right now. ICE detentions, customs harassment, social media screenings — the word is out. Tourism is already cratering. Las Vegas is having its worst year on record.
Meanwhile, the Dow is down nearly 500 points, the S&P is down 150, and the NASDAQ is off almost a thousand. Wall Street is not buying the headline. Neither should you.
This jobs report is a blip. A temporary, World Cup-flavored blip. Don’t let them gaslight you.
