TheThis positiveis newsfurther aboutevidence theof a positive economy under Pres. Joe Biden and VPVice Pres. Kamala Harris just keeps on coming. This news comes on the heels of a solid report last week on the growth of the economy as a whole. Considering the economy in the past three-plus years has added almost twice as many jobs as it did duringbetween 2017-19 and 2019 under the Trump administration, Democrats should be celebrating.
Of course, Democrats are going to celebrate this report based on the headlines, but average Americans shouldmust understandconsider what this report shows oncebeneath youthe dig deepersurface. Unemployment increasedis still rising and nearly a majority of new jobs created were in the government. Small businesses are hurting and — if elected president — Harris' policies wouldwill destroybe detrimental to the economy if she's elected president.
There's a 24% chance that the US will enter a deflationary period before 2030, according to the Metaculus prediction community.