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Technology Stocks : Semi Equipment Analysis

SOXX 297.50

-2.6%

Nov 6 4:00 PM EST

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To: Elroy who wrote (94812)	8/4/2025 11:33:56 AM
From: Sam	Read Replies (1) of 95383

if the weak job numbers are due to the DOGE layoffs, well, then they don't indicate anything about the strength of the economy, right? The economy may have been booming, but BLS jobs numbers were very low because government efficiency programs eliminated fraud and waste. He is saying that the steep May and June revisions were due to the DOGE layoffs. The weak July numbers added to the other numbers are indicators of coming recession. Your assumption that they only "eliminated fraud and waste" is not necessarily a good one. If this story is true (DOGE Is the cause of weak numbers and revisions) then it's a positive for the economy story, I think. That is only a part of the story. You are ignoring the ripple effects of people losing their jobs and others being afraid of losing their jobs--purchasing power is reduced and they don't spend money. Also, he says further down that the economy is struggling due to the tariffs, the economy wide hiring freeze, decline in hours worked, and fewer immigrants. The shifting announcements lead to greater uncertainty and companies reducing hiring and putting expansion plans on hold.

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