AP Photo/Seth Wenig In an unexpected twist given all the other labor news we’ve seen over the course of this week , the Bureau of Labor Statistics monthly report shows that 528,000 non-farm jobs were created in July, more than doubling economist expectations. Payroll employment rises by 528,000 in July; unemployment rate edges down to 3.5% https://t.co/1Y9cSWJUIB #JobsReport #BLSdata — BLS-Labor Statistics (@BLS_gov) August 5, 2022 The unemployment rate also ticked down to 3.5 percent, down from last month’s 3.6 percent. Wages are also now up 5.2 percent from a year ago.
Despite the rate of inflation still being up more than 9 percent from a year ago and far outpacing wages, and despite other signs of economic weakness, it’s clear that the job market is going strong . More broadly, though, the report showed that the labor market remains strong despite other signs of economic weakness. “There’s no way to take the other side of this. There’s not a lot of, ‘Yeah, but,’ other than it’s not positive from a market or Fed perspective,” said Liz Ann Sonders, chief investment strategist at Charles Schwab. “For the economy, this is good news.” Markets initially reacted negatively to the report, with Dow Jones Industrial Average futures down more than 200 points as traders anticipated a strong counter move from a Federal Reserve looking to cool the economy and in particular a heated labor market. The most important news to come out of today’s report is that private sector jobs have now eclipsed February 2022 levels, just before the pandemic forced economic closures throughout the country.
The positive news comes in the wake of last week’s news that the second quarter GDP shrank, signaling a recession was coming. The Biden administration has maintained that a strong labor market, among other measures, meant we […]
Will America-First News Outlets Make it to 2023?
Things are looking grim for conservative and populist news sites.
There’s something happening behind the scenes at several popular conservative news outlets. 2021 was bad, but 2022 is proving to be disastrous for news sites that aren’t “playing ball” with the corporate media narrative. It’s being said that advertisers are cracking down, forcing some of the biggest ad networks like Google and Yahoo to pull their inventory from conservative outlets. This has had two major effects. First, it has cooled most conservative outlets from discussing “taboo” topics like Pandemic Panic Theater, voter fraud, or The Great Reset. Second, it has isolated those ad networks that aren’t playing ball.
Certain topics are anathema for most ad networks. Speaking out against vaccines or vaccine mandates is a certain path to being demonetized. Highlighting voter fraud in the 2020 and future elections is another instant advertising death penalty. Throw in truthful stories about climate change hysteria, Critical Race Theory, and the border crisis and it’s easy to understand how difficult it is for America-First news outlets to spread the facts, share conservative opinions, and still pay the bills.
Without naming names, I have been told of several news outlets who have been forced to either consolidate with larger organizations or who have backed down on covering certain topics out of fear of being “canceled” by the ad networks. I get it. This is a business for many of us and it’s not very profitable. Those of us who do this for a living are often barely squeaking by, so loss of additional revenue can often mean being forced to make cuts. That means not being able to cover the topics properly. Its a Catch-22: Tell the truth and lose the money necessary to keep telling the truth, or avoid the truth and make enough money to survive. Those who have chosen survival simply aren’t able to spread the truth properly.
We will never avoid the truth. The Lord will provide if it is His will. Our job is simply to share the facts, spread the Gospel, and educate as many Americans as possible while exposing the forces of evil.
To those who have the means, we ask that you please donate. We have options available now, but there is no telling when those options will cancel us. We have our GivingFuel page. There have been many who have been canceled by PayPal, but for now it’s still an option. Your generosity is what keeps these sites running and allows us to get the truth to the masses. We’ve had great success in growing but we know we can do more with your assistance.
Thank you, and God Bless!