US PRESS CORPS ONLINE: Thanks to the Fed, You'll Work More this Year to Keep Last Year's Standard of Living

It's becoming increasingly difficult to discern fact from fiction, and unfortunately the media has a strong bias. They spin stories to make conservatives look bad and will go to great lengths to avoid reporting on the good that comes from conservative policies. There are a few shining lights in the media landscape-brave conservative outlets that report the truth and offer a different perspective. We must support conservative outlets like this one and ensure that our voices are heard.

Thursday, October 13, 2022

Thanks to the Fed, You'll Work More this Year to Keep Last Year's Standard of Living

The establishment survey of employment, released last week by the Bureau of Labor Statistics, increased, month-over-month by 263,000 jobs.

While total jobs have shown some relatively strong growth, the total number of employed persons has been nearly flat for months, and only last month (September 2022) did it finally return to pre-covid levels.
In fact, the jobs recovery in employed persons took 32 months to return to the previous peak.

The US economy is finally experiencing what was already in the cards in late 2019

numerous indicators pointing toward a brewing recession.
Job openings in August fell to a 14-month low, and Facebook parent Meta announced a hiring freeze
Overall, tech sector payoffs have continued to mount, with other sectors feeling the pinch as well.

https://mises.org/wire/thanks-fed-youll-work-more-year-keep-last-years-standard-living

Thursday, October 13, 2022

Thanks to the Fed, You'll Work More this Year to Keep Last Year's Standard of Living

The US economy is finally experiencing what was already in the cards in late 2019

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