U.S. Job Openings Sink as Economy Slows
TimeJUL 2022
The Fed has gotten some of the desired job market results from its rate hikes. The economy isn’t in, nor does it seem headed for, a recession. There’s increased participation in the workforce, and demand for labor is nearly back to pre-COVID normal. This is good economic news for Biden and the Democrats ahead of the mid-terms.
The US economy is a wreck, and there’s nothing the Fed can do to save it unless Biden and the Democrats stop their reckless spending. The nation needs a plan that cuts spending, increases domestic energy production, and provides tax and regulatory certainty for small businesses to avoid a dangerous recession.