Welcome to Extreme Investor Network, where we bring you exclusive insights and analysis in the world of Economics. Today, we will be discussing the latest Bureau of Labor and Statistics report for July, shedding light on the current state of employment in the United States.
The July report indicates a slight uptick in employment, but should we trust this data? After a recent revision that showed the Biden-Harris Administration’s failure to create new jobs outside of the public sector, skepticism is warranted. Manufacturing, a key sector in the economy, has been on a decline as corporations move their operations overseas to avoid US regulation and taxation. Despite the administration’s pledges to attract new manufacturing jobs, the efforts have fallen short, with billions spent on initiatives that have failed to produce a single job.
The White House promotes its manufacturing achievements, claiming to have added nearly 800,000 manufacturing jobs under Bidenomics. However, the reality is starkly different, with manufacturing showing a sharp decline rather than growth. The public sector, on the other hand, has expanded under the current administration, adding 24,000 positions in July alone.
As businesses continue to move overseas and manufacturing faces a recession, the US economy is at a critical juncture. Growing government at a time when production is declining could lead to stagflation, a dangerous mix of rising expenses and falling production.
At Extreme Investor Network, we provide unique insights and analysis that go beyond the headlines. Stay tuned for more exclusive content and expert opinions on the ever-changing economic landscape. Choose Extreme Investor Network for in-depth analysis and valuable information that sets us apart from the rest.