The Democrat Gaslighting Machine tells us that they created a bazillion jobs. So why are Americans so concerned about losing their jobs in this crap economy? Could the Democrats be lying again?
More Americans are looking for jobs as unemployment concerns rise to their highest level in a decade.
finance.yahoo.com
Who wrote this? Ahmed Riesgo, chief investment officer at Insigneo, told Yahoo Finance on Tuesday.
"We know that the US consumer is doing OK, but the US consumer is doing OK because they still have a job. The second that the employment market flips from one of surplus to one of deficit, which is something that we think we're rapidly nearing, we think the US consumer, unfortunately, will falter."
So he's probably a Republican who's been waiting and hoping for a recession for 3 years now and hasn't seen one yet. Thanks Captain Ahmed Obvious
Then your article goes on to say
Consumer prices
have continued to ease closer to the Fed's 2% inflation target. Positive retail sales data
for the month of July showed the consumer is still spending.
Consumer confidence is rebounding. And recent filings for initial unemployment benefits have fallen more than expected.
"We're coming off unusual lows [in the unemployment rate] following a very unusual time during the pandemic," Joe Brusuelas, chief economist at RSM, told Yahoo Finance on Tuesday.
"A lot of the rules that some of these so-called forward-looking investors use aren't really going to work this time because the economy is in a very different place."
"So I think it will be, one, acknowledging inflation has slowed, perhaps a little more quickly than they had been thinking, and that the jobs market may be slowing a little more rapidly than they had been believing would be the most likely case."
Basically people who are working are looking for better jobs. BFD.