Biden Economics: US Jobs Report Lackluster, Unemployment Extensions Hammer Su...
Recent headlines in numerous publications claim the U.S. economy is set for rapid expansion and a “post Covid boom” thanks to Joe Biden’s economic plans. However, contradicting reports identify certain struggling elements, such as the supply chain, which have been ravaged by bureaucratic mandates, and suggest a bleaker circumstance entirely. Biden Administration Scrambles After a Gloomy Jobs Report According to George Pearkes, Business Insider’s financial columnist, the American economy is set to see a “post-Covid boom”, because the U.S. “learned....
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More people are finding jobs in the U.S. The unemployment rate fell to 5 percent in October, as 271,000 jobs were added to the economy. This is the lowest unemployment rate since April 2008. However, around the world, including developed countries, high unemployment rates continue to be stubborn. For example, in Spain, the unemployment rate is 21.18....
U.S. politicians are talking about stimulus again in order to bolster American jobs and President Joe Biden’s infrastructure plan. At the end of last week, White House press secretary Jen Psaki explained that Biden would meet with bipartisan members of Congress on Monday in order to push his proposal. According to reports, Biden’s proposed plan could be a touch smaller than the estimated $2.25 trillion. Biden Suggests Scaling Back the $2.25 Trillion ‘Build Back a Better America’ Infrastructure Proposal The U.S. government is talking about creating more stimulus in....
Nonfarm payroll data shows the worst U.S. jobs gain in seven months, limiting concerns of Federal Reserve tapering this year. The S&P 500 slid to the intraday highs of Sept. 2 while Bitcoin (BTC) climbed to its highest levels in more than three months. The moves came as a key report on Sept. 3 showed that the United States economy added fewer jobs than anticipated, lowering the Federal Reserve's likelihood to start unwinding its stimulus program this year.The U.S. Bureau of Labor Statistics revealed that nonfarm payrolls (NFPs) grew by 235,000 in August, against expectations of 733,000....
There have been fewer job openings in the United States lately and this may, one way or another, have an impact on Bitcoin and the broader crypto market. The recent data on unemployment in the US shows that the labor market is still predominantly strong at 3.8%. However, the creation of new jobs is seen […]
Will Hammer is the Libertarian candidate for the United States House of Representatives from the Commonwealth of Virginia’s Sixth District. The 27 year old candidate is running against incumbent Bob Goodlatte, an extremely conservative Republican. Hammer was able to gather the required signatures to win the Libertarian Party’s nomination in June. Until that point Goodlatte was running unopposed. Hammer grew up in a Democratic household but began to move toward a more Libertarian mindset while he studied economics at Hampden-Sydney College. Libertarians believe in sharply limiting the....