Economy

The Economy Unexpectedly Shed 23,000 Jobs in July—Yet Unemployment Fell to 4.1

Payrolls across the American economy contracted by 23,000 jobs in July and the unemployment rate ticked down to 4.1 percent. The public sector’s payrolls fell sharply, and the services sector hiring was soft, with a large contraction in retail and leisure. The goods-producing side of the economy, however, saw a solid expansion, with both construction and durable goods manufacturing expanding at a rapid pace. 

Job seekers wait in line for free resume preparation services as they attend a Inspire Tog

Peter Schweizer: One Third of Democrats Now Call Themselves Socialists

Wild election results in Michigan have many Democratic Party establishment figures worrying about insurgent socialists taking over their party, with uber progressive Michigan Senate candidate Abdul El-Sayed being the latest to score a win over an established Democratic candidate. But for author and investigative journalist Peter Schweizer, the real question is not whether the Democratic Socialists of America are “making inroads” in the party or not.

DETROIT, MICHIGAN - AUGUST 05: Michigan Democratic Senate primary winner Abdul El-Sayed cl