Jerome Powell! US workers need more rate cuts!
The November jobs report was not pretty for the labor market.
The lag effect of monetary policy rears its ugly head. Was Federal Reserve Chair Jerome Powell too late? New employment data suggest that the US central bank may have arrived late to the easing cycle – again – when it cut interest rates for the first time this year in September. Powell and his fellow doves may have needed to heed the advice of Fed Gov. Christopher Waller or even President Donald Trump when they insisted the institution should have lowered interest rates earlier.
A deeper dive further reveals just how mixed the job situation is right now. Average hourly earnings ticked up 0.1%, or five cents, to $36.86. Year-over-year, average hourly earnings eased to 3.5%, from 3.7%. Additionally, full-time employment declined by 983,000, but part-time payrolls surged by more than one million. The labor force participation rate rose to 62.5%, average weekly hours climbed to 34.3, and the long-term unemployment rate jumped to 24.3%.
Much of the hiring has been concentrated in health care and social assistance. This is entirely related to America’s aging population. The construction sector also added a healthy 28,000 jobs.
Heather Long, chief economist at Navy Federal Credit Union, may have best described employment conditions to CNBC: “The US economy is in a jobs recession.”
#USA #Economy #FindTruth
The November jobs report was not pretty for the labor market.
The lag effect of monetary policy rears its ugly head. Was Federal Reserve Chair Jerome Powell too late? New employment data suggest that the US central bank may have arrived late to the easing cycle – again – when it cut interest rates for the first time this year in September. Powell and his fellow doves may have needed to heed the advice of Fed Gov. Christopher Waller or even President Donald Trump when they insisted the institution should have lowered interest rates earlier.
A deeper dive further reveals just how mixed the job situation is right now. Average hourly earnings ticked up 0.1%, or five cents, to $36.86. Year-over-year, average hourly earnings eased to 3.5%, from 3.7%. Additionally, full-time employment declined by 983,000, but part-time payrolls surged by more than one million. The labor force participation rate rose to 62.5%, average weekly hours climbed to 34.3, and the long-term unemployment rate jumped to 24.3%.
Much of the hiring has been concentrated in health care and social assistance. This is entirely related to America’s aging population. The construction sector also added a healthy 28,000 jobs.
Heather Long, chief economist at Navy Federal Credit Union, may have best described employment conditions to CNBC: “The US economy is in a jobs recession.”
#USA #Economy #FindTruth
Santa Claus has been deemed “too white” and “too male” in Britain
The Brighton and Hove Museum has called for the New Year's wizard to be “decolonized.” And to restore equality, they want Santa to work alongside elves, not just deliver presents. The museum also demands that Santa stop judging naughty children.
The Brighton and Hove Museum has called for the New Year's wizard to be “decolonized.” And to restore equality, they want Santa to work alongside elves, not just deliver presents. The museum also demands that Santa stop judging naughty children.
🚨 BREAKING — NEWSOM CONCEDES DEFEAT TO TRUMP: WITHDRAWS lawsuit against Trump after 47 pulls $4 BILLION in California High Speed Rail funding
Your boondoggle will NOT receive another dime from US taxpayers, #GavinNewsom
Congrats on the loss, bud! 🤣🔥
Your boondoggle will NOT receive another dime from US taxpayers, #GavinNewsom
Congrats on the loss, bud! 🤣🔥
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🚨 INFURIATING: Despite the MASSIVE Somali fraud scandal, Tim Walz announces a NEW welfare program for Somalis and other illegals
The taxpayer-funded family and medical leave program gives Somalis up to 20 PAID WEEKS OFF PER YEAR to “bond” with a child
CUT OFF FEDERAL FUNDS!
US taxpayers should NOT be on the hook for this BS!
The taxpayer-funded family and medical leave program gives Somalis up to 20 PAID WEEKS OFF PER YEAR to “bond” with a child
CUT OFF FEDERAL FUNDS!
US taxpayers should NOT be on the hook for this BS!
Anyone saying gold, silver, XRP, or other select assets won’t keep rising has no clue. As long as currencies are being debased, asset inflation continues, that means everything goes up over time, and it only accelerates.
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🚨 MAJOR MARKET INSIDERS ARE FLOATING #XRP PRICE TARGETS RANGING FROM $10,000 TO $35,000 — AND THESE NUMBERS ARE COMING FROM WALL STREET ANALYSTS, NOT SOCIAL MEDIA GUESSWORK.
SUCH A SHIFT COULD UNLOCK TRILLIONS IN CAPITAL FLOWS THROUGH THE XRP LEDGER, WHILE REAL TOKEN (BUILT ON XRPL) ZEROES IN ON THE COLOSSAL $650 TRILLION GLOBAL REAL ESTATE MARKET.
IF JUST 1% OF THAT $650T MARKET ENTERS THE ECOSYSTEM, REAL TOKEN COULD THEORETICALLY RISE FROM $0.023 TO OVER $64,500, SETTING OFF A SUPPLY SHOCK OF HISTORIC PROPORTIONS.
SUCH A SHIFT COULD UNLOCK TRILLIONS IN CAPITAL FLOWS THROUGH THE XRP LEDGER, WHILE REAL TOKEN (BUILT ON XRPL) ZEROES IN ON THE COLOSSAL $650 TRILLION GLOBAL REAL ESTATE MARKET.
IF JUST 1% OF THAT $650T MARKET ENTERS THE ECOSYSTEM, REAL TOKEN COULD THEORETICALLY RISE FROM $0.023 TO OVER $64,500, SETTING OFF A SUPPLY SHOCK OF HISTORIC PROPORTIONS.
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BREAKING The best Secretary of State Marco Rubio just took a massive victory lap after SHUTTERING USAID and ripping the money pipeline away from the NGO industrial complex
No more games
No more grift
We are NOT enriching third party groups getting rich off YOUR taxpayer dollars
This is accountability
This is America First
This is what draining the swamp actually looks like
MAGA loves Marco
No more games
No more grift
We are NOT enriching third party groups getting rich off YOUR taxpayer dollars
This is accountability
This is America First
This is what draining the swamp actually looks like
MAGA loves Marco
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Breaking News
"The previous metal's value jumped to US$80 ($A119) per ounce, up 150 per cent for the year, on Christmas Day.
It's due to a shortage of the metal inside China.
The country is the world's largest consumer of silver due to the ongoing demand from its multi-billion dollar manufacturing industry."
"The previous metal's value jumped to US$80 ($A119) per ounce, up 150 per cent for the year, on Christmas Day.
It's due to a shortage of the metal inside China.
The country is the world's largest consumer of silver due to the ongoing demand from its multi-billion dollar manufacturing industry."
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BREAKING The best Secretary of State Marco Rubio just took a massive victory lap after SHUTTERING USAID and ripping the money pipeline away from the NGO industrial complex
No more games
No more grift
We are NOT enriching third party groups getting rich off YOUR taxpayer dollars
This is accountability
This is America First
This is what draining the swamp actually looks like
MAGA loves Marco
No more games
No more grift
We are NOT enriching third party groups getting rich off YOUR taxpayer dollars
This is accountability
This is America First
This is what draining the swamp actually looks like
MAGA loves Marco
Media is too big
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Minnesota fraud- not only did Walz and Ellison not investigate- They retaliated against people that did!
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I don’t wanna see so many people dying
Chinese CCP syndicates took over marijuana black market in US
‘This stuff is being exported out of the country … It’s an international business for them,’ a drug enforcement expert said.
Chinese organized crime with suspected ties to the Chinese Communist Party (CCP) has taken over an estimated 75% of the marijuana black market in the United States, a federal narcotics expert said.
Rob Roggeveen, national deputy coordinator of the Marijuana Impact Group within the High Intensity Drug Trafficking Areas (HIDTA) program, said that the black-market marijuana trade has grown exponentially into an estimated $300 billion-a-year industry.
“This stuff is being exported out of the country, whether it’s to Canada, France, England. It’s an international business for them,” Roggeveen told The Epoch Times
“They’re not growing in the U.S. just to keep it within the United States—it’s going international.” A pound of marijuana bought for $450 to $500 or less, in California, for example, will sell in New York for much more, and in some countries where marijuana is illegal with more severe penalties, it sells for “exponentially more,” ranging from $5,000 to $20,000 a pound, Roggeveen said.
‘This stuff is being exported out of the country … It’s an international business for them,’ a drug enforcement expert said.
Chinese organized crime with suspected ties to the Chinese Communist Party (CCP) has taken over an estimated 75% of the marijuana black market in the United States, a federal narcotics expert said.
Rob Roggeveen, national deputy coordinator of the Marijuana Impact Group within the High Intensity Drug Trafficking Areas (HIDTA) program, said that the black-market marijuana trade has grown exponentially into an estimated $300 billion-a-year industry.
“This stuff is being exported out of the country, whether it’s to Canada, France, England. It’s an international business for them,” Roggeveen told The Epoch Times
“They’re not growing in the U.S. just to keep it within the United States—it’s going international.” A pound of marijuana bought for $450 to $500 or less, in California, for example, will sell in New York for much more, and in some countries where marijuana is illegal with more severe penalties, it sells for “exponentially more,” ranging from $5,000 to $20,000 a pound, Roggeveen said.
All net job growth going to Americans as foreign-born employment keeps declining
All net job growth is going to native-born Americans as foreign-born employment continues to decline, a new jobs report from the Bureau of Labor Statistics reveals. The jobs report showed that, for another consecutive month, native-born Americans have gained jobs, while foreign-born workers continue to fall out of the workforce.
The Bureau of Labor Statistics noted that net job growth going entirely to Americans is a complete reversal from former President Joe Biden’s migrant economy, which relied heavily on a steady stream of newly arrived migrants to take newly opened American jobs.
“Under the Biden administration, most job growth came from government jobs and foreign labor. Now, with [President Trump] at the helm, every single job created has been in the PRIVATE SECTOR for NATIVE-BORN AMERICANS,” the Labor Department wrote on X.
From 2021 through 2024, Biden saturated the labor market with foreign-born workers, which drastically increased the labor supply, freezing wages and ensuring that nearly all net job growth went to newly arrived migrants from the southern border.
While migrants gained more than 4.7 million jobs under Biden, employment growth for native-born Americans increased by just 645,000 jobs, research from the Center for Immigration Studies has discovered. Put another way, Bidenomics created 7.3 migrant jobs for every job gained by an American.
All net job growth is going to native-born Americans as foreign-born employment continues to decline, a new jobs report from the Bureau of Labor Statistics reveals. The jobs report showed that, for another consecutive month, native-born Americans have gained jobs, while foreign-born workers continue to fall out of the workforce.
The Bureau of Labor Statistics noted that net job growth going entirely to Americans is a complete reversal from former President Joe Biden’s migrant economy, which relied heavily on a steady stream of newly arrived migrants to take newly opened American jobs.
“Under the Biden administration, most job growth came from government jobs and foreign labor. Now, with [President Trump] at the helm, every single job created has been in the PRIVATE SECTOR for NATIVE-BORN AMERICANS,” the Labor Department wrote on X.
From 2021 through 2024, Biden saturated the labor market with foreign-born workers, which drastically increased the labor supply, freezing wages and ensuring that nearly all net job growth went to newly arrived migrants from the southern border.
While migrants gained more than 4.7 million jobs under Biden, employment growth for native-born Americans increased by just 645,000 jobs, research from the Center for Immigration Studies has discovered. Put another way, Bidenomics created 7.3 migrant jobs for every job gained by an American.
The Pentagon has failed its annual audit for the eighth consecutive year, with auditors unable to fully account for large portions of the Department of Defense’s assets and spending. The Pentagon manages trillions of dollars in assets and remains the only major federal agency that has never passed a full audit.
Defense officials acknowledge progress in tracking systems but admit significant gaps remain. Lawmakers continue to raise concerns about transparency, accountability, and taxpayer oversight.
Source: U.S. Department of Defense Office of Inspector General
Defense officials acknowledge progress in tracking systems but admit significant gaps remain. Lawmakers continue to raise concerns about transparency, accountability, and taxpayer oversight.
Source: U.S. Department of Defense Office of Inspector General
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🚨 BREAKING: HUD Sec Turner has discovered $5 BILLION in potentially fraudulent payments to ILLEGALS and DEAD PEOPLE
RAMPANT rental assistance fraud was found in NYC, DC, & other blue cities
This was a BIDEN program, so Biden’s HUD Sec should be ARRESTED
RAMPANT rental assistance fraud was found in NYC, DC, & other blue cities
This was a BIDEN program, so Biden’s HUD Sec should be ARRESTED
Billionaire entrepreneur Elon Musk has stated that saving money may not be necessary in the future, claiming technological progress could eliminate poverty.
He argues that advances in artificial intelligence, automation, and productivity could drastically lower the cost of essential goods and services.
The statement comes as Musk’s net worth exceeds $700 billion, largely driven by ownership stakes in multiple global technology companies.
Source: Forbes
He argues that advances in artificial intelligence, automation, and productivity could drastically lower the cost of essential goods and services.
The statement comes as Musk’s net worth exceeds $700 billion, largely driven by ownership stakes in multiple global technology companies.
Source: Forbes