"Gas demand continues to modestly lag last year’s levels … this tells us that the median US consumer is feeling inflation’s pinch."@DataTrekMB pic.twitter.com/t4pbWLLLto
— Daily Chartbook (@dailychartbook) July 1, 2024
US JOB MARKET IS ONLY STRONG IN THE MEDIA HEADLINES
On Friday, the BLS releases June non-farm payrolls.
In May, the US economy added 272,000 jobs and jobless rate slightly rose to 4.0%.
At first glance, everything looks great but the REALITY IS COMPLETELY DIFFERENT:
1/8 🧵 pic.twitter.com/EeMRvEVQqW
— Global Markets Investor (@GlobalMktObserv) July 1, 2024
“Grocery prices skyrocketed during the pandemic, and in many cases they’ve kept going up, even though the pandemic is over,” Sen. Elizabeth Warren, D-Mass., said at a recent Senate hearing.
Read more: https://t.co/erRLcuhnsz
— unusual_whales (@unusual_whales) July 1, 2024
You don’t have to be an expert to understand that economic conditions are deteriorating all over the country. We can see that things are going terribly wrong every time we go grocery shopping and prices are higher, or when we are going to fill in our tanks and fuel prices have gone up by 15% within a week. Our monthly bills are taking a larger share of our pay, but officials insist that inflation is subsiding and that Americans are consuming more than ever before. They may be under that impression because many corporations have been reporting record profits. But when it comes down to personal finances, most people are deeply struggling, and a large portion of our population is not happy about the direction our nation is heading. Over the past 30 days, we have received quite a bit of troubling news, and economists are warning that the outlook for the rest of 2024 is very bleak. In today’s video, we’re going to expose 15 signs that the U.S. economy is in far worse shape than anyone has thought. So get ready for another reality shock because the truth about our economic situation is more alarming than what we are being told.