Magically Vanishing Jobs? Ripped From The Headlines, August 20, 2024
Today, We Take A Look At The New Pressure On The Fed, & How Another Major Company Drops DEI - Read, Share, & Subscribe - SherlocExposes.com
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“US job growth in the year through March was likely far less robust than initially estimated, which risks fueling concerns that the Federal Reserve is falling further behind the curve to lower interest rates.
Goldman Sachs Group Inc. and Wells Fargo & Co. economists expect the government’s preliminary benchmark revisions on Wednesday to show payrolls growth in the year through March was at least 600,000 weaker than currently estimated — about 50,000 a month.
While JPMorgan Chase & Co. forecasters see a decline of about 360,000, Goldman Sachs indicates it could be as large as a million.
There are a number of caveats in the preliminary figure, but a downward revision to employment of more than 501,000 would be the largest in 15 years and suggest the labor market has been cooling for longer — and perhaps more so — than originally thought. The final numbers are due early next year.
Such figures also have the potential of shaping the tone of Fed Chair Jerome Powell’s speech at week’s end in Jackson Hole, Wyoming. Investors are trying to gain insight as to when and how much the central bank will start lowering interest rates as inflation and the job market cool.”
THINGS TO PONDER:
“Are you going to believe us, or your lyin’ eyes…”
Still believe those government numbers are “spot on?”
Not so much.
As we often say in the newsroom, this isn’t the end… it’s the beginning.
Click Here to read our piece from April on hate spending to better understand what’s happening, and what’s coming.
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“Tractor Supply Co. John Deere. Now Harley-Davidson.
Harley-Davidson said Monday that it’s ending diversity and other progressive initiatives at the company. Harley-Davidson is the latest major American brand to backtrack from DEI policies it had supported in recent years.
Harley-Davidson faced pressure online from Robby Starbuck, a conservative activist who has successfully taken on DEI policies at several American companies.
‘We are saddened by the negativity on social media over the last few weeks, designed to divide the Harley-Davidson community,’ the company wrote in a statement posted on X.
The company added that ‘we have not operated a DEI function since April 2024, and we do not have a DEI function today. We do not have hiring quotas and we no longer have supplier diversity spend goals.’
But the company said it would review all sponsorships and outside organizations the company affiliates with, and the company will establish a central clearinghouse for approvals of those relationships. It also suggested it would drop some sponsorships, including LGBTQ+ Pride festivals, saying the brand going forward would focus exclusively on growing the sport of motorcycling.”
THINGS TO PONDER:
What a concept… “saying the brand going forward would focus exclusively on growing the sport of motorcycling.”
Who would have thought ACTUALLY FOCUSING ON YOUR PRODUCT AND NOT A USELESS AGENDA WAS A GOOD IDEA?
Good news: Another DEI policy bites the dust.
Better news: If you keep the pressure on, you can kill the rest of them.
Press The Attack.
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