Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Politics

BIDEN ECONOMY: August Job Openings Post Biggest Drop Since COVID Shutdowns in April 2020

by October 4, 2022
October 4, 2022
BIDEN ECONOMY: August Job Openings Post Biggest Drop Since COVID Shutdowns in April 2020

Job openings in the US declined to the lowest level since the COVID shutdowns in April of 2020.  This is Biden’s economic disaster. 

Markets Today reported on the reduction in job openings and said this might be good news for investors [emphasis added]:

Job openings in August unexpectedly plunged to the lowest level in more than a year, marking what could be a long-awaited sign that the red-hot labor market is finally starting to cool as a result of the Federal Reserve’s interest rate hikes—a welcome development for investors but a concerning sign for the millions of unemployed Americans.

There were 10.1 million open jobs at the end of August—plunging by 1.1 million from one month earlier for the biggest one-month drop since April 2020 and falling well short of projections calling for nearly 11.1 million openings, according to the Labor Department’s job openings and labor turnover report released on Tuesday.

The largest decreases were among the health care, services and retail industries, with openings falling by 236,000, 183,000 and 143,000, respectively, as the number of hires remained little changed at 6.3 million.

In emailed comments, Pantheon Macro chief economist Ian Shepherdson called the data “the first clear sign of weakening labor demand” and potentially an “ominous sign” for job growth early next year, but he also said the data, if similar conditions persist, could pressure the Fed to ease up on aggressive interest rate hikes that have slowed economic growth and hit stocks hard.

Of course, if the Fed decides to ease up on interest rate hikes then inflation will continue unabated.  This isn’t good news with inflation at 40-year highs.

BIDEN ECONOMY: Average American Needs Annual Wage Increase of $11,500 to Keep Up with Biden Inflation

Biden’s economy is a nightmare.  Americans are suffering and the America haters in the Biden Administration don’t care. 

 

The post BIDEN ECONOMY: August Job Openings Post Biggest Drop Since COVID Shutdowns in April 2020 appeared first on The Gateway Pundit.

0
FacebookTwitterGoogle +Pinterest
previous post
Former environment secretary urges successor not to drop nature-friendly farming scheme
next post
‘We Will Hold the House… by Winning More Seats’ – Pelosi Says Democrats Will Sweep Midterm Elections (VIDEO)

You may also like

Ukraine missile attack strikes Russian warship in Crimea,...

December 27, 2023

Joe Biden Insists Scandal-Plagued Hunter Did Not Cause...

September 19, 2022

New York City spent $50K to send migrants...

June 25, 2023

UN’s shot at Biden’s border plan marks latest...

January 13, 2023

‘SMART CITIES’ Worldwide Being Converted Into ‘Open Concentration...

November 24, 2022

Biden Regime Moves Forward with US Central Bank...

September 18, 2022

Democrat Schiff says national security may have been...

January 15, 2023

Biden Climate Envoy John Kerry Jet-Sets to Africa...

September 18, 2022

GOP targets DC non-citizen voting, moving against ‘attack...

January 13, 2023

MORE ARIZONA FRAUD: Maricopa County Whistleblowers Reveal Tens...

December 13, 2022

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump ally stands firm against ‘big, beautiful bill’ despite pressure: ‘It’ll completely backfire’

      June 8, 2025
    • Rubio condemns assassination attempt on Colombian presidential candidate Miguel Uribe

      June 8, 2025
    • Obama WH physician says Biden doc should have performed cognitive test

      June 8, 2025
    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,571)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved