Unemployment Ticks Up
The US unemployment rate rose for the fourth straight month in July to 4.3%, up from 4.1% the previous month, the Bureau of Labor Statistics reported on Friday. The figure is the highest since the onset of the pandemic.
The US added just 114,000 jobs last month, down from 206,000 recorded in June, and well below the 215,000 jobs per month added over the last 12 months, the data showed. Economists polled by Reuters had expected the figure to increase by 175,000.
The number of unemployed people across the US rose by 352,000 to 7.2 million, a notable increase from the 5.9 million registered a year earlier, when the jobless rate was 3.5%.
Although a number of sectors did still see employment gains – notably healthcare – the breadth of job gains continued to narrow, with 49.6% of industries reporting an increase in employment, down from 56.0% in June.
Average hourly earnings increased 0.2% in July after climbing 0.3% in the previous month. In the 12 months through July, wages increased 3.6%, demonstrating the smallest year-on-year growth since May 2021, and leaving wage growth just above the 3.0%-3.5% range seen as consistent with the Fed’s 2% inflation target.
Hiring may have been disrupted by Hurricane Beryl, which delivered a blow to the economy of Texas last month, some analysts believe. Julia Pollak, chief economist at ZipRecruiter, told AP that employers could have cut worker hours and made temporary layoffs, suggesting that they are nevertheless optimistic that a rate cut could help turn things around.
Friday’s report has added further fuel to mounting concerns that the Federal Reserve has waited too long to cut rates. On Wednesday, the Fed opted to keep its benchmark interest rate in the 5.25%-5.50% range, where it has been for more than a year.
Fed Chair Jay Powell indicated that the first rate cut of the post-pandemic era could come in September. Economists polled by Reuters are also expecting rate cuts in November and December.
Investigative Journalist Set to Expose Giant Government Kidnapping Ring / Disappearance of Children
UK Groomer Gangs Fuel Globalist Chaos
The manufactured chaos that is erupting in the United Kingdom has been a slow boil.
Before the mass stabbings of native UK men, women, and children became common place, a quiet evil was lurking.
Groomer gangs made up of foreigners preyed on the children of the United Kingdom.
And rather than expose the horrors, the globalist government silenced anyone that dare speak of its existence.
Do not be deceived, these New World Order foot soldiers have laid the ground work to create the very chaos we are witnessing now.
Covid Vaccine Inventor Blows Whistle: ‘mRNA Was Designed To Depopulate the World’
The Covid vaccine was designed to sterilize the masses and depopulate the world, according to the inventor of the ill-fated Oxford Covid vaccine who has blown the whistle on the elite’s real agenda behind the […]
The post Covid Vaccine Inventor Blows Whistle: ‘mRNA Was Designed To Depopulate the World’ appeared first on The People’s Voice.
‘Bidenomics is Working!’: Kamala Harris Dragged Over Economy in New Trump Campaign Ad
A new campaign ad by one of Trump’s SuperPACs juxtaposes Kamala Harris’ remarks that “Bidenomics is working” with the bleak reality of the economy.
The ad shows disconnected remarks by Harris insisting the economy is doing great under her and Joe Biden’s policies while cutting to news reports revealing skyrocketing food and housing costs are strangling the working class.
MUST WATCH: Kamala Harris is not in touch with reality. She thinks “Bidenomics is working.” pic.twitter.com/R4vT6V9deU
— MAGA War Room (@MAGAIncWarRoom) August 2, 2024
Make America Great Again Inc. also released a series of 15-second ad buys focusing on the economy, immigration and crime under the Harris-Biden regime.
The ads feature no voiceover and text on the screen, with each ad ending with, “Courtesy of Kamala Harris.”
Make America Great Again, one of the Trump SuperPACs, is running a new series of 15 second digital ads on Google with no voiceover and text on screen.
— Yashar Ali ? (@yashar) August 3, 2024
The footage and text on screen focuses on economy, immigration, and crime.
Every ad ends with: “Courtesy of Kamala Harris.”… pic.twitter.com/saJlgW9xu7
Elon Musk Speculates Civil War ‘Inevitable’ as Violence Sweeps UK
Angry anti-migrant protests have swept across the UK, with the latest unrest set off by the horrific stabbing of three children in Southport by the 17-year-old son of Rwandan immigrants.
Manchester, Liverpool, and Birmingham have witnessed violent demonstrations, with mosques attacked, police premises ransacked, and cars and buildings set ablaze.
US billionaire Elon Musk has speculated that the UK is heading towards civil war.
Musk weighed in on the wave of violence sweeping across the country amid uncontrolled migration and soaring crime, posting on X a succinct post that read, “Civil war is inevitable.”
Civil war is inevitable
— Elon Musk (@elonmusk) August 4, 2024
The Tesla CEO and owner of X made the comment under one of many videos showing scenes of unrest gripping towns and cities in Britain during the past days. The latest wave of interethnic violence was triggered by a recent tragedy in the town of Southport, where a 17-year-old teen of Rwandan origin stabbed three girls to death on July 29.
Police arrested dozens of people on Saturday, as projectiles and fireworks were set off, and storefronts set on fire. Footage posted on social media shows crowds chanting anti-immigrant slogans such as “stop the boats” in Liverpool, in a reference to the dinghies used by asylum seekers to cross the English Channel to the UK.
Former Home Secretary Priti Patel denounced Prime Minister Sir Keir Starmer and his Labour Party for complacency amid the riots, writing on X that Parliament ought to be recalled from summer break.
The UK’s newly minted Labour Prime Minister Keir Starmer, who has inherited the migrant crisis from his predecessor, faces an uphill battle to tackle illegal migration. The number of people crossing the English Channel is currently estimated to be more than 10,000 this year alone. Previous measures resorted to by the UK government have failed to stanch the tide of illegals.
Investigative Journalist Set to Expose Giant Government Kidnapping Ring / Disappearance of Children
Musk Leading Coup Attempt in Venezuela – Maduro
Venezuelan President Nicolas Maduro on Friday accused the US Government and South African tycoon Elon Musk of attempting to orchestrate a coup in the country.
Venezuela’s National Electoral Council (CNE) on Sunday declared Maduro the winner of the country’s presidential election, announcing that with 80% of ballots counted, he had secured more than 51% of the vote, compared to 44% for his main rival Edmundo Gonzalez Urrutia.
However, Gonzalez’s Western supporters, including Tesla and SpaceX CEO Musk, rushed to accuse Maduro and the CNE of election fraud. Washington went as far as to officially recognize Gonzalez as the winner of the election. “It is clear to the US… that Edmundo Gonzalez Urrutia won the most votes,” Secretary of State Antony Blinken said, citing “overwhelming evidence.”
At a press conference in Caracas, Maduro lambasted Blinken, calling his attempt to “declare” the results of another country’s election an act of “despair” and “a gesture uncharacteristic of US diplomacy.”
“Would you look at that? Blinken and the US state Department have [our] election results,” Maduro said mockingly. He went on to accuse the West of attempting to destabilize Venezuela.
“I denounce that the United States government, together with Elon Musk and the international fascist [Argentine President Javier] Milei, are at the forefront of a destabilization process and a coup d’etat, at this moment, against the Venezuelan people and the Venezuelan democracy,” Maduro stated.
Earlier, during an address he made on national television, the Venezuelan president also issued a personal challenge to Musk to fight him.
Venezuelan authorities on Friday ratified Maduro’s election victory after the final ballot count revealed that he had 52% of the vote to Gonzalez’s 43%. However, the opposition, along with the governments of Brazil, Colombia, and Mexico, later called for a detailed vote count to be made public to prove Maduro’s win. Argentina, Costa Rica, Ecuador, Panama, Peru, and Uruguay on Friday joined the US in rejecting the official election results and recognizing Gonzalez and not Maduro as Venezuela’s legitimate president.
Moscow accepted the official election results, with Russian President Vladimir Putin congratulating Maduro earlier this week on winning another term.
Maduro will be serving a third consecutive six-year term, after first taking office in 2013 following the death of late President Hugo Chavez. Maduro’s previous reelection, in 2018, was also rejected by the US, along with the EU and several Latin American states.
Investigative Journalist Set to Expose Giant Government Kidnapping Ring / Disappearance of Children