SCE Labor Market Survey: The proportion of individuals who reported searching for a job in the past four weeks rose to 28.4% from 19.4% in July 2023, highest since March 2014. The average expected likelihood of becoming unemployed in the next four months reached a series high.

Source: https://www.newyorkfed.org/microeconomics/sce/labor#/ TLDRS: The Federal Reserve Bank of New York’s July 2024 SCE Labor Market Survey reveals significant changes in the job market, with 28.4% of individuals actively searching for jobs, the highest level since the survey’s inception in 2014. The …

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Democratic Rep. Pramila Jayapal pushes for “fundamental reforms,” advocating a pathway to citizenship for existing undocumented individuals and welcoming more to the U.S.

The assumption is the US will grant citizenship to everyone who chose to enter the country without going through legitimate, established, legal channels (in violation of our laws)… and everyone else who feels like it. This is fundamentally flawed and …

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Companies are declaring bankruptcy, individuals are failing to meet loan obligations, yet Janet Yellen has stated, “I don’t see any sign that the economy is in risk of a downturn.”

Bankruptcy filings have recently reached levels on par with the 2008 Great Recession and the 2020 COVID-19 pandemic. https://apolloacademy.com/bankruptcies-rising/ His source appears to be this and it only refers to companies with over $50 million in liabilities. So the y-axis …

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L.A. County, California has now ruled that cops will no longer be allowed to arrest people for “minor” non-violent crimes; releasing imprisoned individuals without bail.

L.A. County, California has now ruled that cops will no longer be allowed to arrest people for “minor” non-violent crimes like battery, robbery, etc. Furthermore, those currently imprisoned for committing these offenses will be released from jail without having to …

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