Mortgage Interest Rates Today, September 7, 2024 | Rates Down Following Soft Jobs Report
Business InsiderSEP 2024
This is further evidence of a positive economy under Pres. Joe Biden and Vice Pres. Kamala Harris. 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 between 2017 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 must consider what this report shows beneath the surface. Unemployment is still rising and nearly a majority of new jobs created were in the government. Small businesses are hurting and — if elected president — Harris' policies will be detrimental to the economy.
There's a 24% chance that the US will enter a deflationary period before 2030, according to the Metaculus prediction community.