Kamala Harris Claims She Inherited ‘Worst Unemployment Since the Great Depression’
The claim: The Biden-Harris administration inherited “the worst unemployment rate since the Great Depression,” Vice President Kamala Harris argued Tuesday at a National Association of Black Journalists rally. Verdict: False. “This is an exaggeration.” According to To PolitiFact: In April 2020, as the pandemic began to rage, the unemployment rate soared to 14.8%, a post-Great […]
California GOP pushes back on bill that would give unemployment benefits to illegal immigrants
California Democrats are working to push a new bill aimed at providing benefits to illegal immigrants, but Republican lawmakers are pushing to block the new bill. “It is an insult that California Democrats are even considering expanding unemployment benefits to illegal immigrants,” Senate Majority Leader Brian Jones said in a statement to Fox News Digital. […]
Taxpayers lost more than $100B to COVID unemployment insurance fraud, committee finds
First appeared on FOX: The House Oversight Committee reported that American taxpayers have lost more than $100 billion to fraud and improper payments as a result of the temporary unemployment insurance program created in response to COVID-19. Fox News Digital obtained the House Oversight Committee report following a months-long investigation looking into fraud in the […]
Surging Unemployment and Recession Risk Cement September Rate Cut
July employment crisis brings interest rate cut forward to September It looks like the market is finally getting what it has been waiting for for over a year.The Federal Reserve cuts interest rates. The July jobs report released on Friday showed the labor market in much weaker shape than previously thought. Economists had expected demand […]
Trump campaign nails ‘Kamalanomics’ as stock market crashes on bad unemployment report
The stock market reacted negatively to the worsening unemployment report, and the Trump campaign blasted Democrats for what some saw as a sign of an economic recession. “Kamala Harris has repeatedly and proudly celebrated her role as Joe Biden’s co-pilot for ‘Bidenomics.’ She cast the deciding votes in the Senate for inflation-boosting spending, and despite […]
July Jump in Unemployment Triggers Key Recession Indicator
The economy may already be in recession. The sudden and unexpected rise in the unemployment rate in July meant that the U.S. jobless rate crossed a key threshold that usually means the economy is in recession. The U.S. Labor Department said Friday that the unemployment rate rose to 4.3% in July, bringing the three-month moving […]
Report: U.S. Economy Added 114K Jobs In July, Unemployment Increases To 4.3%
(Photo: Olivier Dourilley/AFP via Getty Images) By James Myers, OAN StaffFriday, August 2, 2024 7:56 AM U.S. job growth slowed more than expected in July and the unemployment rate rose to 4.3%, raising concerns that the labor market is stagnating and the economy could tip into recession. advertisement The Labor Department’s Bureau of Labor Statistics […]
US economy added a paltry 114,000 jobs in July, unemployment spikes to 4.3%
U.S. job growth slowed more than expected in July and the unemployment rate rose to 4.3%, raising concerns that the labor market could worsen and tip the economy into recession. In its closely watched jobs report released Friday, the Labor Department’s Bureau of Labor Statistics said nonfarm payrolls rose by just 114,000 last month after […]
U.S. Economy Added Just 114,000 Jobs in July, Unemployment Surges
The Labor Department said Friday that U.S. employers added 114,000 workers in July, helping push the unemployment rate up to 4.3%. Economists had expected 180,000 jobs and an unemployment rate of 4.1%. Disappointing employment growth and a sharp rise in the unemployment rate suggest the economy may be heading toward a recession. The unemployment rate […]
US job growth slows to 114K in July while unemployment unexpectedly jumps
Construction is booming in states such as Arizona, California, Florida and Texas. U.S. job growth slowed sharply in July and the unemployment rate unexpectedly rose to its highest level in nearly three years. The Labor Department said on Friday that employers 114,000 jobs The number of people employed in July rose by 15,000 year-on-year, short […]