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The Very Hot Jobs Report

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A very hot job market

The July jobs report is in and it’s good for those who are worried about the economy right now.

You can view my report on the job report here. But there are some interesting tidbits and maybe some cold water to add to the report. It is particularly worth noting that full-time jobs are declining while the number of people taking on second jobs is increasing sharply.

  • Involuntary part-time work: +303,000 to 3,924,000
  • Voluntary part-time work: +501,000 to 21,103,000
  • Total number of full-time employees: -71,000 to 132,577,000
  • Total part-time work: +384,000 to 25,824,000
  • Around 250,000 of the new jobs were in travel and hospitality, government and service industries.
  • Tech, finance and retail industries are still in trouble.

But the Biden administration is happy to accept credit. Some analysts are surprised to the point of concern. We’ll see how it goes.

My friend Dan McLaughlin National Review has more here.

Democrats decide “Don’t Test, Don’t Tell” ahead of reconciliation vote

Democratic aides in the Senate tell reporters they simply won’t test for COVID-19 to get the votes needed to pass the Manchin-Schumer “Inflation Reduction Act.” No seriously.

“It’s not an official mandate,” not to test, but note the hypocrisy here. Democrats still insist we do more to fight COVID, return to containment efforts, etc. Washington DC mandates that all children 12 and older receive a vaccine before they come to school. But Senate Democrats needn’t worry about the “public health crisis” the rest of us are living under.

Democrats won’t say whether to run for Joe Biden in 2024

Attachment-attachment-biden-5

Axios’ is incredible.

Reality check: Some Democrats don’t want Biden to run again for three reasons:

  1. He is deeply unpopular. Many Americans associate it with inflation, high gas prices, a deadlock on COVID-19 and an inglorious end to the war in Afghanistan.
  2. Progressives want a departure from centrism and convention.
  3. Many Democratic voters want a generational change. Biden was older when he took office than Ronald Reagan when he left office. If re-elected, Biden would be 86 at the end of his second term.

Biden is so unpopular that members of his own party are dodging the question of whether or not he should run again in 2024. You looked at 42 relatively well-known Democrats. 18 dodged the question. 22 said Biden should run. 2 said outright that he shouldn’t. Almost half either said “no” or did not answer the question. That’s a pretty big deal.

headlines of the day

  • Inflation measure pits Cassidy, Kennedy and other Republicans against a fragile Democratic coalition (The Advocate)
  • Proof vs. trust: Mayor Josh Guillory’s absence from rehab causes spitting at Lafayette session (The Advertiser)
  • How Democrats’ Improved IRS Could Hurt Low-Income Americans (Fox News)
  • Elon Musk predicts US will have ‘mild recession’ for 18 months (Insider)
  • DeSantis sent police to remove Soros-backed prosecutor who allowed children to have sex surgeries despite the law (RedState)

Tweet of the day

Which states have the worst roads?

Where does Louisiana fall on the seedy streets list?

https://kpel965.com/the-very-hot-jobs-market-report-the-joe-cunningham-show/ The Very Hot Jobs Report

Linh

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