DAILYCALLER (Mary Rooke) - ROOKE: Trump Admin’s Boastful Post Shows We’re Leaving Half Of Country Behind
‘The identity crisis among nonworking men leads to terrible losses’
‘The identity crisis among nonworking men leads to terrible losses’
The labor market looks considerably healthier than it did at the start of the summer. Why it matters: Friday morning's jobs report recast the last two months as a period of modest job growth rather than of outright deterioration, capped by a gain last month that was more than triple what economists expected. - The labor market is weathering the Iran conflict and an AI-driven transformation of the economy with surprisingly little damage, at least for now. - For the Federal Reserve, the report puts inflation even more squarely in focus — with less evidence that the labor market is too fragile to hold up in the event of higher interest rates. What they're saying: "August turned the heat back up on the job market," Glassdoor chief…
These Men Have Quit The Search Entirely
Data: Bureau of Labor Statistics ; Chart: Courtenay Brown/Axios America's labor market appeared to be gaining momentum this spring. The latest data makes that rebound look much less convincing. Why it matters: The report isn't as bad as the headline suggests, but the broader picture is still one of a labor market that is less robust than it seemed. - If the trend continues, U.S. workers might find themselves squeezed on two fronts — a weakening job market and high inflation from an uncertain geopolitical conflict cutting into paychecks and household budgets. - For the Federal Reserve, that combination presents an uncomfortable dilemma. Further labor market weakening could push potential rate hikes further into the future, even as…
‘Surprisingly bad job report’
Nearly 23 million Americans say they're staying in jobs they don't like because they fear losing health insurance.
President Trump announced a new initiative to prioritize American veterans for trucking jobs, citing recent fatal crashes involving illegal alien drivers.
President Trump announced a new initiative to prioritize American Veterans for trucking jobs , citing safety concerns and recent fatal crashes involving illegal immigrant drivers. PULSE POINTS WHAT HAPPENED: President Donald J. Trump announced a new plan to allow American veterans with heavy military vehicle experience to bypass traditional commercial driver’s license (CDL ) training and enter the trucking industry immediately. The initiative comes after a series of fatal crashes involving illegal immigrant drivers, including the killing of Pennsylvania State Trooper Michael Phaira. DETAIL: Speaking at the Pennsylvania Defense and Innovation Summit, Trump said the policy honors Pennsylvania State Trooper Michael Phaira, who was…Open
Given the labor force demand for those time-honored skills, it makes sense to reintroduce the domestic arts as a prerequisite for high-school graduation for females.
President Trump's immigration crackdown is causing one of the sharpest slowdowns in U.S. population growth in decades. Economists are beginning to tally the effects, with some warning that the damage will stick around. Why it matters: The policy-driven immigration reversal underway has few modern parallels. The immediate result is evident in monthly employment figures, with the economy cranking out fewer jobs. - But over time, fewer immigrants could be a productivity drag lasting well into the second half of this century. The intrigue: Federal Reserve analysis earlier this year found that the breakeven rate — the monthly job gains needed to hold unemployment steady — had dropped close to zero as an immigration slowdown weighed on…
Data: Bureau of Economic Analysis and Treasury Department; Chart: Neil Irwin/Axios The United States has crossed a symbolic milestone: The national debt is now larger than its gross domestic product. But it's not the level of that ratio that is alarming — it's the trajectory. The big picture: There's nothing inherently unsustainable about a 100% debt-to-GDP level. What matters is why it got that high, the prospects for future borrowing, and the forecast for growth and borrowing costs. - Across those dimensions, the U.S. fiscal outlook is exceptionally gloomy, in ways not reflected in much of the day-to-day political discourse. Catch up quick: The Commerce Department last week reported $31.9 trillion annualized GDP in Q1 . That surpasses…