These content links are provided by Content.ad. Both Content.ad and the web site upon which the links are displayed may receive compensation when readers click on these links. Some of the content you are redirected to may be sponsored content. View our privacy policy here.

To learn how you can use Content.ad to drive visitors to your content or add this service to your site, please contact us at [email protected].

Family-Friendly Content test

Website owners select the type of content that appears in our units. However, if you would like to ensure that Content.ad always displays family-friendly content on this device, regardless of what site you are on, check the option below. Learn More

Employment Falls Into Downward Spiral

Though the United States economy has contracted two quarters in a row, which fulfills the technical criteria for a recession, the Biden administration has routinely, and vehemently, asserted that the nation is not in a recession due to a strong labor market.

Federal Reserve Chairman Jerome Powell has also argued in favor of the White House’s position, which was evidence from remarks made during the most recent meeting held by the nation’s central bank in July.

“What we have right now doesn’t seem like [a recession],” Powell observed, “and the real reason is that the labor market is just sending such a signal of economic strength that it makes you really question the GDP data.”

Alas, even the labor market appears to be coming undone due to a variety of macroeconomic pressures, with several indicators suggesting that the once red-hot labor market is losing its steam.

Job creation has been on a downward trend since April, especially as rising inflation levels suffocated business growth and reduced consumer spending.

In June, total job openings declined to 10.7 million, representing the lowest level since September.

The negative trends in the labor market may influence the policy of the Federal Reserve, especially if growing unemployment levels point towards an indisputable recession.

The central bank has been aggressively raising interest rates, oftentimes at the fastest pace seen in decades, in an effort to curb inflation.

Thus far, these efforts do not appear to be working as planned, as gas prices remain astronomically high while food costs continue to escalate.

While increasing interest rates is a standard macroeconomic response to curbing inflation, various financial analysts have expressed concerns about the impact interest rates may have upon business activity.

If business activity is significantly affected by rapidly accelerated interest rates, then productivity will decline, unemployment will rise, and the nation will slide more deeply into a recession.

As uncertainty continues to mount, the Federal Reserve faces a difficult balancing act during a pivotal election year.


Most Popular

These content links are provided by Content.ad. Both Content.ad and the web site upon which the links are displayed may receive compensation when readers click on these links. Some of the content you are redirected to may be sponsored content. View our privacy policy here.

To learn how you can use Content.ad to drive visitors to your content or add this service to your site, please contact us at [email protected].

Family-Friendly Content

Website owners select the type of content that appears in our units. However, if you would like to ensure that Content.ad always displays family-friendly content on this device, regardless of what site you are on, check the option below. Learn More


Most Popular

Most Popular


You Might Also Like

Conservatives Call For Major Divorce Within DHS After Attack On Trump

Conservatives Call For Major Divorce Within DHS After Attack On Trump

If there is one thing that the DHS under Dem leadership has achieved, it has been…
FBI And DHS Double Down On Special Protection For Public Trans Figures

FBI And DHS Double Down On Special Protection For Public Trans Figures

Leave it to the FBI and DHS to collude on matters that give them an…
Task Force Finds Possible DEI Connection To Attempted Assassination

Task Force Finds Possible DEI Connection To Attempted Assassination

The Task Force investigating not one, but two, assassination attempts on Trump’s life has just…
Dems Fly Into Hilarious Rage Against “Green Friendly” Hybrid Vehicles

Dems Fly Into Hilarious Rage Against “Green Friendly” Hybrid Vehicles

Half the time, it almost seems like Democrat lawmakers in California are attempting to compete in terms…