Job losses in July and negative revisions reveal a weakening U.S. labor market
www.nbcnews.com
In a troubling sign for the economy, the Bureau of Labor Statistics said that it revised down the prior two months’ jobs by a combined 103,000.
  • kreskin@lemmy.worldEnglish
    2·
    7 hours ago

    the republicans stopped hiding job losses. They finally have their new inside man running the fed, so they are now looking to drive down interest rates, for many reasons, and they will ignore inflation now instead of ignoring job losses. This will drive down the value of the dollars everyone holds in their wallets and retirement accounts. Its what leaders and plutocrats of 3rd world countries do to loot economies and keep the peasants desperate. If anyone hasnt guessed already, they hate the poor-- especially when social welfare programs are in the budget, and their perception of the poor is that they are brown people. Soon social security payments will not having the buying power to feed the elderly at all, and they will have finally won their game.

  • Jhex@lemmy.worldEnglish
    6·
    10 hours ago

    Some how “elect a clown, expect a circus” doesn’t quite cut it anymore…

    Maybe “elect a turd, expect a shit show”…

  • Triumph@fedia.io
    3·
    9 hours ago

    Which means it’s much worse, and they couldn’t massage the numbers hard enough to make it a gain.