One of the main issues for the election is the economy.
It’s already been bad under Biden-Harris. It got worse on Friday as the stock market tanked and a bad July jobs report came in, as we reported.
Hiring slowed to 114,000 jobs last month, the government report said, missing expectations. The unemployment rate rose to 4.3 percent—its highest level in nearly three years, when the economy was still clawing its way back from the pandemic. That was also worse than expectations.
Now, that raises big concerns about a slowing economy, which my colleague Ward Clark noted.
Economist John Lonski said on Fox Business that it is starting to look like a recession is coming into view:
Economist John Lonski: “I’m beginning to smell a recession coming into view… this jump by the unemployment rate, my goodness, 4.3 percent this is up sharply from not long ago.”
