Tag: Biden’s Economy

Gains in Government Jobs Couldn’t Save Biden’s Economy in April

Michigan Star Staff
Business Meeting

Growth in government jobs slowed in April, bucking the pattern that has contributed to above-trend job growth over the past several months, according to data from the Bureau of Labor Statistics (BLS).

Employment in government grew just 8,000 in April, lower than the average over the past year of 55,000 per month, according to data from the BLS. A slowdown in government hiring led total job growth in April to be largely anemic compared to recent months, with the U.S. adding only 175,000 nonfarm payroll positions in the month, lower than the average over the past year of 242,000.

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Corporate Media in Crisis as Outlets Grapple with Biden’s Economy

Michigan Star Staff
Joe Biden

Numerous legacy media outlets are struggling with challenges posed by President Joe Biden’s economy and resorting to drastic measures, Axios reported on Friday.

Close to a dozen of these outlets are firing workers, dealing with employee strikes or looking to sell, according to Axios. The Federal Reserve’s imposition of high interest rates to bring down inflation is hindering their ability to accumulate more debt, complicating their efforts to extend the timeline for resolving their financial difficulties.

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Commentary: Despite Rising Consumer Confidence, Biden’s Economy Is Nothing Like Trump’s

Michigan Star Staff

Consumer confidence is still far below the record highs set under the Trump administration, and a new report by the Conference Board warns ongoing consumer doldrums about the future could spell future recession.

The latest report released Tuesday by the Conference Board, a non-profit research organization funded by more than 1,000 corporations, found consumer confidence improved slightly in September for the second consecutive month due to jobs, wages and declining gas prices, but that “recession risks nonetheless persist” due to a sluggish uptick in the Expectations Index.

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