Black unemployment is rising quickly — and is once again twice the rate for White Americans — due to a slowing job market and Donald Trump's efforts to shrink the federal workforce https://t.co/I59gZGUIy8 ...

RT Gwart (@GwartyGwart)Every few months one guy without a job asks a bunch of people on the internet without jobs how much money they would need to keep not having a job. Confoundingly, that number seems to be 10 million US dollars. They argue for about 2 days and then all go back to not having a job ...

Economic Projections - Congressional Budget Office (CBO) projects higher inflation and unemployment this year with slowing economic growth [1] - Population growth is anticipated to be significantly lower due to immigration changes, impacting jobs numbers [2][3][4] - Labor supply is falling dramatically, with population numbers expected to be several hundred thousand fewer each year over the next 10 years, and approximately 1 million fewer this year alone [4] Impact of Policies - The reconciliation bill is boosting the economy, while slowing immigration and tariffs are having a negative impact [3] - Tariffs are raising inflation and slowing down the economy, affecting both businesses and households [3] - Tariffs put in place since January 20th are projected to reduce the deficit by $4 trillion over the next 10 years, consisting of $33 trillion in revenue and $700 billion in averted debt costs [10][11] Uncertainty and Assumptions - There is a lot of uncertainty in the economy due to changing policies and tariffs [8] - CBO follows the administration's actions day by day and assumes that current policies will continue indefinitely [9] - CBO expects the Federal Reserve (Fed) to cut interest rates by 75 basis points between now and the end of January [14] - CBO updates its forecast a few times a year, and inflation since January has been a bit higher than expected [20]

The economy took another hit this week. The Bureau of Labor Statistics released a report showing that consumer prices were up 2.9% in August from a year earlier. On top of that, revised numbers show that the US added almost a million fewer jobs than previously reported over the 12-month period ending in March. Should be pointed out that most of that period was during the Biden administration. And yet, President Trump continues to insist that all is well with the economy. In a post on Truth Social, he declar ...

The CBO now expects higher inflation and unemployment this year and slower economic growth, after taking into account Trump’s tax law, tariffs and lower net immigration https://t.co/fgp8YwEKhh ...

America's labor market is showing serious cracks. Hiring has cooled off, layoffs are climbing, and those help wanted signs are quietly disappearing from storefronts across the country. So, is this the start of a recession that will crush markets.Or is it just the kind of economic hiccup that brings the rate cuts everyone has been begging for without triggering a full-blown panic. Today, we're cutting through the economic noise and breaking down what this labor wobble actually means for your portfolio. My na ...

Core Viewpoint - The discussion highlights concerns regarding the U.S. economy's long-term competitiveness, particularly in science, technology, and education, especially in comparison to China's investments in these areas [6][7][8]. Economic Outlook - The U.S. economy is viewed as the most impressive globally, but there are significant areas to monitor, particularly the investment in education and technology [5][6]. - The current economic environment suggests that stocks are generally fully priced, with less margin for error if economic conditions do not meet expectations [19][20]. Investment Concerns - There is a notable slowdown in business investment, particularly in equipment and AI-related categories, which could impact GDP growth in the second half of the year [21][22]. - The potential for profit margin erosion due to tariffs and the impact of inventory adjustments may lead to cost increases and supply chain disruptions [14][15]. Labor Market Insights - The labor market is showing signs of concern, with a stagnant labor force size affecting unemployment rates and overall economic health [16][17]. - A significant portion of PhD holders in critical fields such as medicine and engineering are immigrants, which underscores the importance of immigration policies and domestic education quality [11][12].

Group 1 - The job market is showing signs of weakness, prompting expectations for a series of interest-rate cuts by the Federal Reserve, starting next week [1][3] - Economists surveyed predict a median of two rate cuts by the end of the year, with over 40% anticipating three cuts [2] - Investors are increasingly leaning towards the scenario of three rate cuts this year, with nearly 90% expecting a shift in the Fed's post-meeting statement to focus on labor-market risks [3] Group 2 - The unemployment rate rose to 4.3% in August, and recent data indicates a significant slowdown in hiring, challenging previous views of a solid labor market [5] - Chair Jerome Powell indicated the possibility of a rate cut due to a "shifting balance of risks" that could lead to rising unemployment [6] - By June 2026, the upper bound of the target range for the federal funds rate is expected to be 3.5%, a full percentage point lower than the current rate [7] Group 3 - Economists anticipate a divided Federal Open Market Committee (FOMC) next week, with potential dissents regarding the anticipated quarter-point cut [8]

Applications for US unemployment benefits jumped last week to the highest level in almost four years, indicating firings may be on the rise: Here’s your Evening Briefing https://t.co/ZnOTqotgBz ...

Key Points Investors are expecting unemployment data to force the Fed to cut interest rates next week, despite hotter-than-expected inflation. The Federal Reserve faces a tough balancing act with inflation still nearly a percentage point above its 2% target while jobless claims have hit their highest level since October 2021. These 10 stocks could mint the next wave of millionaires › Shares of Tesla (NASDAQ: TSLA) climbed higher on Thursday, finishing the day up 6%. The spike came as the S&P 500 ga ...