Posted on 06/08/2023 11:59:43 AM PDT by Olog-hai
The number of Americans applying for unemployment benefits last week rose to its highest level since October 2021, but the labor market remains one of the healthiest parts of the U.S. economy.
The Labor Department reported Thursday that U.S. applications for jobless claims were 261,000 for the week ending June 3, an increase of 28,000 from the previous week’s 233,000. Weekly jobless claims are considered representative of U.S. layoffs.
The four-week moving average of claims, which evens out some of the weekly variations, rose by 7,500 to 237,250. […]
The U.S. economy grew at a lackluster 1.3% annual rate from January through March as businesses wary of an economic slowdown trimmed their inventories. That’s a slight upgrade from its initial growth estimate of 1.1%. …
(Excerpt) Read more at apnews.com ...
Twenty million illegals have to take jobs from some Americans.. guess Americans need to learn to code.
Hannity needs to suggest that to the ‘BudLight’ folks since he doesn’t seem to have much sympathy for regular Americans but lots for the Bud light groups...
Everyone I speak with about business says it sucks right now-—then I keep seeing reports of how “great” the economy is-—I don’t see it and neither are the people I speak with in the restaurant, packaging, chemical and food industries.
English Translation: The labor market remains one of the least sick and dying parts of the Biden economy.
It;s almost as if elections really do have consequences...
Sometimes I think I live in an alternate universe. Young people just don’t want to work and think they don’t need to. I don’t have a clue as to how they qualify for unemployment. Where I live it’s impossible to get a pizza delivered by an employee. Door dash from all 4 chains here. Why? Because door dash can be done by anyone. People show up and work a few hours at their own pleasure. Can you qualify for unemployment working a few hours a day for Door Dash?
The U.S. economy grew at a lackluster 1.3% annual rate from January through March
I can hear the “Progressives” now. “Just imagine where we’d be without all that government spending!” When the downturn accelerates, they’ll blame the Republicans of course.
2023 is not going to be pretty, and I pity whomever replaces Biden as the Dem nominee during this Democrat crisis.
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