The good news: the jobs numbers were better and the unemployment lower than Powell’s Federal Reserve projected. The bad news: manufacturing jobs went down.
Economist EJ Antoni posted, “Federal Reserve revises its unemployment rate forecast up to 4.5%, and the actually [sic] unemployment rate for Jun DROPS to 4.1% b/c Powell & Co. are just always wrong…”
Unfortunately, “Slide in manufacturing jobs continued in Jun[e], in line w[ith] survey data from PMIs, regional Fed banks, and others; if trade deals can be reached soon, this will likely reverse; remember that more than half of what we import in the U.S. are inputs that will eventually be exported.” Donald Trump needs to stop making deals with hostile nations like Communist China and use tariffs to force American companies to return home and hire Americans.
The federal bureaucracy is losing jobs too, but that’s a good thing. Time to drain the Swamp.
Pro Deo et Libertate is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.
Click this link for the original source of this article.
Author: Catherine Salgado
This content is courtesy of, and owned and copyrighted by, https://catherinesalgado.substack.com and its author. This content is made available by use of the public RSS feed offered by the host site and is used for educational purposes only. If you are the author or represent the host site and would like this content removed now and in the future, please contact USSANews.com using the email address in the Contact page found in the website menu.
