Friday’s jobs report reveals accelerating weakness in the American economy. Only 142,000 jobs were created last month, below expectations. Half of new positions were created in the unproductive government or quasi-government healthcare and social services sectors.
A record 8.2 million Americans have second jobs. So far this year, the number of unemployed Americans has increased by one million.
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Economists anticipated that the country would add 161,000 nonfarm payroll jobs in August compared to the 114,000 added in initial estimates for July, and that the unemployment rate would fall to 4.2%, according to MarketWatch. The job gains follow a disappointing July report and a downward revision of over 800,000 jobs that the Biden administration had claimed to create between April 2023 and March 2024.
Meanwhile, previously reported job gains for July were revised down from 114,000 to 89,000 while gains for June were lowered from 179,000 too 118,000.
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YouTube terminated the accounts of a conservative influencer and her media company Thursday evening, one day after the Justice Department indicated the company was tied to a Russian scheme to influence the 2024 election.
The accounts for Tenet Media and Lauren Chen were removed one day after Attorney General Merrick Garland held a press conference Wednesday announcing an indictment of two Russians in an alleged scheme to influence the 2024 election. A note on Tenet Media’s channel states that it “violated our Community Guidelines” and Chen’s personal account on the Google-owned video site was listed as “not available” Friday morning.
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Republican Alaska Gov. Mike Dunleavy vetoed a bill that would expand birth control access on Wednesday, while a judge on the Alaska Superior Court ruled against a state law that states only licensed doctors can perform abortions.
Dunleavy vetoed the bill, and Judge Josie Garton ruled against the state’s law prohibiting abortions from being performed unless it is by a doctor licensed by the State Medical Board, the ruling states. The bill that was vetoed would have required insurance companies to provide coverage for birth control and contraceptives.
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Former President Donald Trump raised about $130 million in August, his campaign announced Wednesday night.
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“Shark Tank” star Mark Cuban claimed Thursday that Vice President Kamala Harris was a moderate, citing her recent campaign proposals on tax policy during a CNBC phone interview.
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Swedish automaker Volvo Cars said on Wednesday that it is scrapping its goal of going fully electric by 2030 as the electric vehicle (EV) market continues to struggle.
The company announced it now aims for between 90 percent and 100 percent of its cars to be fully electric or plug-in hybrids by the end of the decade, with the remainder being “mild,” non-plug-in hybrids, a company press release stated. Volvo’s backpedaling comes amid lower-than-expected consumer demand for EVs and a recent industry shift away from electrification.
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Molson Coors announced Tuesday it would walk back a number of its diversity, equity and inclusion (DEI) policies, joining a number of other major U.S. corporations that have revoked such practices this summer.
The company will ensure “executive incentives” are not tied to meeting “representation” targets, end its participation in the Human Rights Campaign’s (HRC) Corporate Equality Index and axe its “supplier diversity” efforts, according to a memo obtained by the Daily Caller News Foundation. Several other companies have taken similar measures, including home improvement retailer Lowe’s and Ford Motors.
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Four people were killed and nine were injured in a school shooting Wednesday in Georgia, according to authorities.
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A whistleblower told Republican Sen. Josh Hawley of Missouri in a letter released on Tuesday that the Homeland Security Investigations (HSI) agents assigned to former President Donald Trump’s rally in Butler, Pennsylvania, were “egregiously under-prepared.”
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