U.S. Economy and Job Market Report

The U.S. economy added more jobs than expected in May, reducing the Federal Reserve's impetus to lower interest rates. Unemployment rate rose to 4% and wage growth was higher than expected.

Economic Policies under President Joe Biden

White House Council of Economic Advisers Chair Jared Bernstein discusses the state of the economy under President Joe Biden, highlighting a strong job market, wage growth outpacing inflation, and cost-cutting measures. Bernstein emphasizes that the administration is focused on cutting taxes for the middle class and ensuring the wealthy pay their fair share.

Beige Book's Bidenflation Blahs

The Beige Book, produced by the Federal Reserve, reveals slight economic growth but growing concerns over inflation and supply chain disruptions. Americans are tightening discretionary spending, auto loan demand is high due to inventory overload, and home sales are up. Businesses are struggling to pass cost increases onto consumers, leading to smaller profit margins. Labor supply is up, but there's a shortage of skilled labor applicants. Wage growth is at pre-pandemic levels, insurance rates are rising, and Bidenomics is causing issues in the nonprofit sector.

U.S. Job Market Report for March

Businesses in the U.S. added 184,000 workers to their payrolls in March, the largest increase in hiring since July. Job gains were seen across various sectors and regions, with strong wage growth also reported.

Economic Indicators: Jobs Report and CPI Data

Last week's inconclusive jobs data has shifted focus to this week's inflation data, which could have significant implications on the economy. The report highlights various aspects of the job market, wage growth, and inflation predictions, indicating potential tightening labor market and inflationary pressures.

President Biden's handling of the economy

New Mexico Gov. Michelle Lujan Grisham attributes disapproval of President Biden's handling of the economy among independent voters to focus on Republican primary and false narratives about the economy being pushed by the media.