Biden has said:
The unemployment rate now matches the lowest it’s been in more than 50 years: 3.5%.
More people are working than at any point in American history, and it’s the result of my economic plan to build the economy from the bottom up and middle out.
— unusual_whales (@unusual_whales) August 5, 2022
actually makes sense if more poeple have 2 or 3 jobs
the economy is strong
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) August 5, 2022
There was a net loss of full-time #jobs in July. All of the net 528K jobs added were part-time jobs, most of them low-paying service sector jobs. Since the number of people in the work force keeps falling, these part-time jobs went to people who already had a least one other job!
— Peter Schiff (@PeterSchiff) August 5, 2022
⚠️BREAKING:
*U.S. ECONOMY ADDED 528,000 JOBS IN JULY; EST. 250,000
*U.S. UNEMPLOYMENT RATE FALLS TO 3.5% IN JULY; EST. 3.6%
🇺🇸 🇺🇸 $DIA $SPY $QQQ $VIX pic.twitter.com/4SsHNO5utF
— Investing.com (@Investingcom) August 5, 2022
US consumer spending on video game products has fallen by $1.78 billion in Q2, according to market research firm NPD.
Overall, spending in video gaming in the US totaled $12.35 billion in the recent quarter, down 13 percent year over year.
— unusual_whales (@unusual_whales) August 5, 2022
It ought to be a sin for an economics think tank to make a statement like this without showing the labor participation rate pre and post covid. If not sinful, it's surely unethical. https://t.co/T61Er8yvNo pic.twitter.com/rochTMPsCF
— Tony Nash (@TonyNashNerd) August 5, 2022
ECRI's U.S. Weekly Leading Index growth rate slips to 112-week low. pic.twitter.com/AL8jEHYjCt
— Lakshman Achuthan (@businesscycle) August 5, 2022