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732

Archive: https://archive.today/kG6r0

From the post:

>After an avalanche of data last week, there are more signs of a slowing economy. Real GDP rose modestly in the first half, and inflation started to drift up. The labor market was the last piece to fall in line, and it did with a bang on Friday. Job growth slowed sharply starting in May (including large downward revisions in May and June), and the unemployment rate increased in July. It’s a complicated mix of supply and demand shocks, but an unsurprising outcome given the significant policy changes this year, including higher tariffs, less immigration, and downsizing the government. Changes in labor supply, as well as tension between the employment and inflation mandates, create challenges for the Fed.

Archive: https://archive.today/kG6r0 From the post: >>After an avalanche of data last week, there are more signs of a slowing economy. Real GDP rose modestly in the first half, and inflation started to drift up. The labor market was the last piece to fall in line, and it did with a bang on Friday. Job growth slowed sharply starting in May (including large downward revisions in May and June), and the unemployment rate increased in July. It’s a complicated mix of supply and demand shocks, but an unsurprising outcome given the significant policy changes this year, including higher tariffs, less immigration, and downsizing the government. Changes in labor supply, as well as tension between the employment and inflation mandates, create challenges for the Fed.

(post is archived)

[–] • 2 pts

Deportations. All the bottom tier jobs aren't being filled by illegal nons.

[–] • 2 pts

It will bounce back but in odd ways. All of those jobs are now open to citizens but they are going to have to pay the fair market value of the job (which they have not been doing). It will result in 10 jobs becoming 5 but it will pay higher and be taken by a citizen.

It's good for the country either way.