Tag Archives: Federal Reserve

The Supremes 2026

The Supreme Court wrapped up its 2025-2026 term with a flood of high-profile decisions announced on June 26, 29, and 30th. The usual end of the session reviews quickly flooded the media. Most watchers of the Supremes tried to frame the session as a win or loss for Donald Trump. Or at least a win or loss for the conservation majority which has dominated the Court in recent years.

Read more

Trump’s Economy

The charts above are certainly things Donald Trump did not want to see. Unemployment rate up. Total employment down. They come from the Bureau of Labor Statistics‘ report on employment in the United States for August. Just last month the July report, showing a slowing economy, led Trump to fire BLS Commissioner Erika McEntarfer. I wrote a few weeks ago that it was a case of shooting the messenger. Trump falsely claimed downward revisions in the August report were “rigged” to make Republicans look bad. BLS revisions are routine and based on updated employer data. It would be nearly impossible to “rig.”

Just 22,000 nonfarm payroll jobs were added in August. That was below expectations and continued the summer slowdown. The Unemployment Rate rose slightly to 4.3%, up from 4.2% in July. Long-Term Unemployment held steady at 1.93 million, now representing over 25% of all unemployed individuals.

Read more