When it comes to beating a likely recession, red states are leading the charge, adding 341,000 jobs since February 2020. Blue states hemorrhaged 1.3 million jobs through May, according to an analysis by the Brookings Institution, with conservative red states beating out blue in jobs growth.
The irony of Friday's jobs report is that it brings further pressure for the Federal Reserve to plunge the U.S. into a recession-by hiking interest rates, possibly by.75-percentage-point-all in hopes of slowing inflation.
- June labor force participation was 62.2%, compared to 63.4% in February 2020-a discrepancy translating to millions fewer people working today than before COVID-19 shutdowns
- Inflation is ravaging homes, especially among fixed-income seniors living on retirement savings. Failed policies like California's taxes and hyperregulation on everything from housing to energy are driving people out of the Golden State.
- President Joe Biden, pictured during the NATO Summit in Madrid, Spain on June 30, touted Friday’s jobs report as “significant progress” in economic recovery, but he ignored the uneven unemployment rate, with conservative red states beating out blue in jobs growth.
- President Joe Biden touted Friday’s jobs report as “significant progress” in economic recovery, but he ignored the uneven unemployment rate, with conservative red states beating out blue in jobs growth.
No comments:
Post a Comment