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In a disheartening turn of events, US companies have added the fewest jobs in a month since the beginning of 2021, raising serious questions about the Biden-Harris administration’s handling of the economy. With private payrolls increasing by a mere 99,000 in August—far below the expectations of economists—it’s hard not to wonder: is this just a sign of a labor market in decline, or is it a politically motivated ploy to distract from the administration’s failures?
The latest figures, released by the ADP Research Institute in collaboration with Stanford Digital Economy Lab, reveal a stark reality. The previous month’s job gains were revised downward, further underscoring the troubling trend. Wage growth has stagnated, with no increase for workers who switched jobs or those who remained in their positions. What does this say about the state of the economy under the current leadership?
“The job market’s downward drift brought us to slower-than-normal hiring after two years of outsized growth,” said Nela Richardson, chief economist at ADP. This statement is a glaring indictment of the administration’s economic policies. Are we really to believe that this is just a natural shift in the labor market, or is it a symptom of deeper issues stemming from the White House’s mismanagement?
Now, after seemingly rushing to tout job growth in the past, the administration is faced with the reality of a cooling labor market. Companies, hesitant to let go of their workforce entirely, are scaling back hiring in the face of high costs and elevated interest rates. This latest data only adds to the evidence of moderating labor demand, which could further exacerbate the economic pressures that Americans are already feeling.
Federal Reserve officials are now expressing greater concern about the risks to the labor market than inflation. With price pressures easing from their pandemic highs, are we really prepared for the potential interest rate cuts that could follow? It seems the administration is more focused on optics than on the real economic challenges facing everyday Americans.
In a separate report from Challenger, Gray & Christmas Inc., hiring plans at US companies have plummeted by 41% this year through August compared to the same period in 2023. Announced job cuts have only decreased by 3.7%. What does this tell us about the confidence of businesses in the current economic climate?
“The next indicator to watch is wage growth, which is stabilizing after a dramatic post-pandemic slowdown,” Nela Richardson noted. But can we trust that this stabilization is a sign of recovery, or is it merely a façade masking the underlying issues?
As we approach the 2024 election, the implications of these economic indicators cannot be overstated. The Biden-Harris administration’s track record is under scrutiny, and the American people deserve transparency and accountability. It’s time to question the narrative being spun and demand real solutions to the economic challenges we face.
Most Accurate Pollster From 2020 Drops Final Numbers
by JD Rucker
Atlas Intel, which was hands down the most accurate public poll during the 2020 election, just dropped its final poll of the season. It points to landslide victory for Donald Trump. If Kamala Harris is able to win Minnesota and Virginia, two blue states that are in jeopardy of being…
A Kamala Harris Victory Means Green New Deal Lawfare
by Daily Signal
Expect Kamala Harris’ Justice Department to wage Green New Deal lawfare if she is elected president on Nov. 5. As with every last issue pertaining to this election, Harris has not said much about the substance of her climate policy. But a review of her record suggests she’d be amenable…
The Moral and Spiritual Issues That Demand Our Votes
by Harbingers Daily
As a pastor and a preacher, I want to urge all Christians this election season: Get out and vote. I believe it is our duty as citizens of our state and country, but I also believe it’s especially important given the issues represented in this election. Many of these are…
No Matter the Final Vote, This Election’s Biggest Loser May Be the Legacy News Media
by Just The News
In the sultry days of summer 2020 as Donald Trump contemplated a second term, his aides engaged in a quiet conversation with members of the emerging digital media about an audacious idea. The goal was to bypass the traditional news media who monopolized the White House Correspondents Association press room…
Democrats Unveil Dark, Diabolical Plans to Prevent Trump From Retaking White House – Even if He Wins!
by WND
With results from the 2024 presidential election now imminent, Democrats have been vocal in their plans to subvert the will of the American people and prevent former President Donald Trump from retaking the White House if he pulls out a win over his Democratic rival Vice President Kamala Harris. In…
Trump Doesn’t Rule Out Banning Certain Vaccines if He Wins Election
by The Epoch Times
Former President Donald Trump in a new interview did not rule out banning some vaccines if he wins the upcoming election. “Well, I’m going to talk to him and talk to other people, and I’ll make a decision,” Trump told NBC over the weekend when asked if banning vaccines would…
Trump, Republicans Pin Hopes on Record Early Voting in North Carolina
by Jeff Louderback, The Epoch Times
(The Epoch Times)—In his final North Carolina rally of the 2024 campaign, former President Donald Trump predicted he would win the state where he prevailed in 2016 and 2020. “North Carolina’s reliable for me,” Trump said at Dorton Arena in Raleigh, the first of four stops on Election Day Eve….
If Godly People Don’t Vote, Godless People Will: The Christian Case for Voting
by The Blaze
Do Christians have a spiritual responsibility to vote? Allie Beth Stuckey of “Relatable” and the senior pastor of Lakepointe Church, Josh Howerton, believe the answer to that question is a resounding “yes.” “I’ll gently venture out on a limb,” Howerton tells Stuckey. “I think Christians have a spiritual responsibility to…
Here’s Proof the FBI Protected Biden in 2020, and Why Congress is More Important Than the White House
by PJ Media
You won’t find it reported on the A-section pages of the New York Times or the Washington Post even though it is quite likely the most significant report produced by any investigative committee in Congress since the Church Committee in 1976. For those who need a refresher, the investigative committee…
The Media Made Sure This Election Was Never Going to Be Free or Fair
by The Federalist
The corrupt news media lied to voters on behalf of Democrats over and over ensuring an unfair election. How can we ever return to normal? It’s truly awe-inspiring to watch the news media berate Republicans, down to the very end, over the “free and fair” election we’re most certainly not…
“It’s Not Going to Be Close”: Mark Halperin Says One Key Voter Group Will Decide the Election
by Harold Hutchison, Daily Caller News Foundation
(DCNF)—Journalist Mark Halperin said on Monday that the turnout of women would decide the presidential election between former President Donald Trump and Vice President Kamala Harris. Trump leads Harris by 0.1% in a head-to-head matchup, according to the RealClearPolling average of polls from Oct. 11 to Nov. 3, with Trump’s…
It Was the Night Before the Election, and Everyone Was Freaking Out
by Michael Snyder
(End of the American Dream)—I have never seen so much doubt, worry, anxiety, fear and panic as we approach a presidential election. All over the country, people are freaking out right now. Democrats are freaking out because the early voting numbers are so dramatically different from 2020. Republicans are freaking…
