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BIDENOMICS: New Employment Numbers Say Recession Is Here [[link removed]]
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According to the most recent report from the federal government’s Bureau of Labor Statistics, the US economy added 114,000 jobs (according to the establishment survey) during July. This was a lackluster number that came in below expectations, and it wasn’t enough to prevent a surge in the unemployment rate up to 4.3 percent. Moreover, the “underemployment” rate, the “U-6” unemployment rate, jumped substantially from 7.4 percent to 7.8 percent. Excluding the Covid Panic, that’s the largest year-over-year increase in U-6 since the Great Recession.
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NOTABLE QUOTES
David Bell contributor to Brownstone Institute: The frightening part is not the lies, which are a normal aspect of humanity, but the broad disinterest in truth. Lies can stand for a time in the presence of a people and institutions that value truth, but they will eventually fail as they are exposed. When truth loses its value, when it is no longer even a vague guide for politics or journalism, then recovery may not occur. We are in an incredibly dangerous time, because lies are not just tolerated but are now the default approach, at the national and international level, and the fourth estate that was to shed light on them has embraced the darkness.
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