Harris Bidenomics Fail | Layoffs Spike To 5-Month High In August As Labor Market Softens

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Layoffs Spike To 5-Month High In August As Labor Market Softens

'...The cuts announced in August, combined with the relative lack of hiring plans and job turnover data released by the Bureau of Labor Statistics on Wednesday, points to signs “the labor market overall is softening,” Challenger said. The Job Openings and Labor Turnover Survey found that job openings fell to their lowest level in more than three years in July and brought the ratio of job openings per available worker down to less than 1.1. The lower number of openings and rising unemployment has made it harder for jobseekers to find work—fueling fears of a recession—Federal Reserve officials are expected to lower interest rates when they meet later this month, which could encourage more hiring by lowering borrowing costs. ...'

Reference: www.forbes.com
Tags: Layoff Surge Of 2024,Bidenomics, Harris Economy Fails,

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The US economy faces a new threat | Unemployment

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The US economy faces a new threat

'...The biggest danger facing the American economy for years has been inflation. Now, another problem is emerging as a credible threat on the horizon: Unemployment. ...'

Reference: yahoo.com
Tags: Higher Unemployment Under Biden,Inflation,Bidenomics,Dangerous Times in America (The Democrat Years),

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Housing Inflation | Unaffordable Housing Continues to Rise | US home prices hit new high

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US home prices hit new high

'...The index, covering all nine census divisions, reported a 6.3% annual gain for April...'

Reference: www.mpamag.com
Tags: Unaffordable Housing, Housing Inflation, Bidenomics,

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More bad news about runaway federal borrowing

'The debt outlook never gets better. The annual deficit is likely to hit $1.9 trillion for 2024, according to the latest estimate from the Congressional Budget Office. That’s up from an estimate of $1.5 trillion just four months ago. ...The real outlook is worse than the CBO numbers suggest. ...'

Reference: yahoo.com
Tags: Bidenomics,Destruction of the American Economy,

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Inflation | The Biden Admins Silent Tax on Seniors Will Cost Democrats in the 2024 Election

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Social Security isn’t keeping up with inflation. That will weaken Biden’s support among the huge seniors voting group

'...This squeeze could also politically influence some seniors, a key voting group, potentially weakening some of their support for President Joe Biden. Some polls have shown that Americans generally disapprove of Biden’s handling of the economy compared with former President Donald Trump, his presumptive rival in November’s election who enjoyed much tamer inflation during his administration. ...'

Reference: www.cnn.com
Tags: The Biden Admins Attack on Retirees (Inflation is the Democrats Silent Tax on Retirees),

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Wall Street pushes out rate-cut expectations, sees risk they don’t start until March 2025

'...Bank of America economists said there is a “real risk” that the Fed won’t cut until March 2025 “at the earliest,” though for now they’re still going with a December forecast. ...'

Reference: www.cnbc.com
Tags: The Leftist Extremist Running the World, The Biden Years, The Federal Reserve,

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Root Causes of Inflation | Biden offers $5.8 billion more in student debt forgiveness, will email those next in line

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Biden offers $5.8 billion more in student debt forgiveness, will email those next in line

'...The administration is also sending emails signed by President Joe Biden to an additional 380,000 borrowers in the public sector, letting them know they are one to two years away from getting the same debt cancellation. The latest student loan relief comes amid the president's bid for reelection...'

Reference: www.usatoday.com
Tags: Vote Buying by Democrats, The Biden Years, Root Causes of Inflation, Delayed College Loan Forgiveness,

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Labor Department said the consumer price index rose 0.1% from October to November

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Labor Department said the consumer price index rose just 0.1% from October to November

'Tuesday’s report from the Labor Department said the consumer price index rose just 0.1% from October to November. ...core prices, which exclude volatile food and energy costs, rose 0.3% from October to November, slightly faster than the 0.2% increase the previous month. Measured from a year ago, core prices rose 4%, the same as in October. The Federal Reserve considers core prices to be a better guide to the future path of inflation. ...'

Reference: www.detroitnews.com
Tags: Nov. 2023 CPI, Food Costs 2023,Bidenomics,Destruction of America's retirees,

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America’s inflation crisis is even worse than you think

'...virtually every aspect of the U.S. economy has been impacted by the inflation. The price of milk has increased 17 percent. Egg prices have risen 42 percent. Energy service prices have increased more than 11 percent. ...Kelley Blue Book reported in October that the average price of a new car has increased by $5,000 since the end of 2020. ...worst of all is the increase in the cost of new homes. nearly $70,000 more. ...The Biden administration and Democrat-controlled Congress are causing America to slowly but certainly commit economic suicide. '

Reference: thehill.com
Tags: Auto Price Inflation,Bidenomics,Inflation,Destruction of America's retirees,

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Most TSP portfolios stumbled in August

'...The only fund in the federal government’s 401(k)-style retirement savings program that finished last month in the black was the G Fund, which increases at a statutorily mandated rate each month. ...The Thrift Savings Plan’s G Fund, which is made up of government securities and grows at a statutorily mandated rate each month, gained 0.35% in August, bringing its gains since January to 2.62%. But every other fund in the program fared worse. The small- and mid-size businesses of the S Fund saw the worst declines...'

Reference: www.govexec.com
Tags: G Fund,TSP,Bidenomics,

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Inflation: Mortgage Rates Head Higher Again, Rise to 7.18%

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Mortgage Rates Head Higher Again, Rise to 7.18%

'1 to 6.7% currently. In a grim indicator ...The average long-term U.S. mortgage rate edged up this week, pushing higher the borrowing costs for prospective homebuyers already facing a housing market limited by a dearth of homes for sale and rising prices. The average rate on the benchmark 30-year home loan rose to 7.18%...'

Reference: www.floridarealtors.org
Tags: Biden Accomplishments,Biden Legacy,Inflation,Bidenomics,Bidenomis vs. Mortgage Rates,

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Huntsville was selected as the permanent home of the United States Space Command, Then Biased Biden Attacks Our National Defense

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The Loss of Space Command Headquarters Brings an Alabama City Down

'Huntsville, a city with a proud history of aerospace innovation, was set to welcome Space Command, until a distant force beyond its control intervened: politics. ...while the city worked to be even more central to the aerospace and military industry. It attracted legions of scientists, defense contractors and federal investment. And in the final days of the Trump administration, Huntsville was selected as the permanent home of the United States Space Command. But this week the Pentagon announced it had reversed that call...The Biden administration’s decision, said Representative Terri Sewell, the lone Democrat representing Alabama in Washington, “bows to the whims of politics over merit.”'

Reference: www.nytimes.com
Tags: Woke Politics vs National Defense (Biden administration’s decision), Rocket City vs. Denver Colorado,Bidenomics,Biden Legacy,

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Biden Continues to Permit Some Federal Employees to Remote Work From Home Until November for What Reason?

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Towards the fall, and with the end of the COVID-19 public health emergency, your agencies will be implementing increases in the amount of in-person work

'As we look towards the fall, and with the end of the COVID-19 public health emergency, your agencies will be implementing increases in the amount of in-person work for your team. This is a priority of the President — and I am looking to each of you to aggressively execute this shift in September and October."'

Reference: www.axios.com
Tags: COVID-19 Remote Work Sham, Wasted Money,Bidenomics,AI Best Jobs to Replace,

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Bidenomics Fail | U.S. Credit Downgraded

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White House Hits Back on Credit Downgrade

'...When the Fitch Ratings agency announced this week that it was downgrading its long-term credit rating of the United States from AAA to AA+, Biden administration officials were ready — and angry. Administration officials had been lobbying Fitch against the downgrade...The repeated debt-limit political standoffs and last-minute resolutions have eroded confidence in fiscal management,” they wrote.

Reference: www.nytimes.com
Tags: Bidenomics, U.S. Credit Downgraded, Biden Legacy,

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