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Unemployment rise spurs fears of slowdown, yet recession signals have been wrong — so far

By: zzstar in FFT4 | Recommend this post (0)
Sat, 03 Aug 24 1:48 PM | 14 view(s)
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“ Four years in the White House did not age Trump as much as other presidents — perhaps because he spent less scheduled time working than any other president. But time comes for everyone, and Trump is no exception. Even a cursory contrast between Trump’s first and third runs for the presidency shows him clearly diminished from his initial campaign. His tendency to ramble has only grown, and the confident bluster of 2016 has given way to exhaustion. He loses track of his thoughts mid-sentence or even mid-word. He asks his supporters to vote 24 hours after asking them not to vote. He mixes up names with increasing frequency, confusing Nancy Pelosi with Nikki Haley and Biden with Barack Obama. He even struggled to keep his eyes open at his Manhattan criminal trial this year.”

“ Unemployment has been rising steadily not so much because companies are slashing jobs but because so many people have poured into the job market. Not all of them have found work right away. The new arrivals have been dominated by immigrants — many of whom entered the country illegally. They are less likely to respond to Labor Department jobs surveys and therefore can go uncounted as employed.”

http://www.msn.com/en-us/money/other/unemployment-rise-spurs-fears-of-slowdown-yet-recession-signals-have-been-wrong-so-far/ar-BB1r6tDt

Yep.




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