Acting Labor Sec’y on Why Manufacturing Jobs Fell: They’re Up ‘Cumulatively’
In an interview with Bloomberg on Friday, Acting Labor Secretary Julie Su, when asked why manufacturing jobs are declining, said that manufacturing jobs have increased since the Biden-Harris administration took office, which she said is “part of our promise to make things in America again” and is “coming from real investment and a commitment to […]
Biden Is Focused on ‘Revitalizing’ Manufacturing, But Manufacturing Jobs Are Flat
During Bloomberg's “Balance of Power” broadcast on Friday, Heather Boushey, a member of the White House Council of Economic Advisers, said President Joe Biden is focused “right now on reinvigorating some of the U.S. manufacturing industry through the construction of new manufacturing facilities that we're seeing across the country.” She said she believes manufacturing jobs […]
The Jobs Report Was Even Worse Than It Seemed
Bad, very bad, and terrible employment reports Squint at the latest jobs report and you might find something to celebrate, but take a more measured look and you'll see that the economy is actually slowing and we're bracing for the effects. The Bureau of Labor Statistics said on Friday Employers added 142,000 jobs in AugustThere […]
U.S. stocks end down after jobs report, S&P 500 logs worst week since March 2023 – MarketWatch
This was the week investors were supposed to get some clarity on how much the Federal Reserve will cut borrowing costs later this month. But heading into market close on Friday, the central bank's plans appeared as unclear as ever. With the blackout period before the Fed's meeting about to begin, investors still don't have […]
Biden-Harris Economy Funnels Over a Million Foreigners into U.S. Jobs in One Year
President Joe Biden and Vice President Kamala Harris are pumping more than a million foreign workers into U.S. jobs, while native-born Americans continue to fall out of the labor force. Latest Bureau of Labor Statistics Report The August report reveals how Biden and Harris' mass immigration policies have had a significant impact on the country's […]
Jobs report is a boom for migrants, slump for Americans
Kenny Polcari, chief market strategist at SlateStone Wealth, appeared on “Varney & Co.” to react to August's unemployment rate. A new jobs report for August shows that employment numbers for U.S.-born and foreign-born workers are on very different trajectories. According to data released by the Bureau of Labor Statistics, a division of the Department of […]
Stocks sink after jobs miss, Trump-Harris tax plans, home retailer closing all stores
Former U.S. International Trade Commission Chairman Peter Morici talks about labor immigration and former President Trump's corporate tax rate plans. U.S. employment grew in August, but not as much as economists expected. Stocks fell throughout the week, as investors got off to a rocky start to September ahead of the Federal Reserve meeting later this […]
Millions of Americans lost jobs last month while the ‘foreign born’ saw massive gains
The U.S. Bureau of Labor Statistics states: August employment report At least two worrying trends emerged Friday that continue to show signs of slowing. The country still appears to be seeing fewer full-time jobs and more part-time jobs, which typically don't come with the benefits that many families rely on. But hundreds of thousands of […]
August jobs report breakdown: Which industries hired the most workers?
Kenny Polcari, chief market strategist at SlateStone Wealth, appeared on “Varney & Co.” to react to August's unemployment rate. Increased employment GDP rose slightly in August but fell short of economists' expectations as job losses in manufacturing, retail and other sectors partly offset gains in other sectors. In its monthly employment report released on Friday, […]
Manufacturing Jobs Continue To Dwindle Despite Biden Admin Allocating Hundreds Of Billions In Subsidies
The U.S. economy lost a large number of manufacturing jobs in August, despite the Biden administration's attempts to jump-start manufacturing with hundreds of billions of dollars in subsidies. US manufacturing jobs Fell According to data from the Bureau of Labor Statistics (BLS), manufacturing employment increased by 24,000 in August, down 14,000 from a year ago. […]