Bad Jobs Numbers, and Capitalisms on The Brett Winterble Show
Bad Jobs Numbers, Capitalism is dead, and More on The Brett Winterble Show
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Tune in to this Friday’s edition of the Brett Winterble Show!
Brett kicks off the program with a look at the latest labor market data. Employers in the U.S. added 114,000 jobs in July, but the unemployment rate increased to 4.3 percent. Private payrolls saw a modest rise of 97,000, and average hourly wages grew by only 0.2 percent, falling short of the 0.3 percent economists had predicted. Year-over-year wage growth stands at 3.6 percent, which is a decrease from last month’s 3.8 percent gain, marking the smallest increase in over a year.
Later in the show, Brett covers the recent news of President Joe Biden and Vice President Kamala Harris welcoming three Americans who were released in a high-profile prison swap. The Americans arrived in Maryland, and President Biden expressed gratitude to all the countries involved in the international negotiation.
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