macro

Functional Unemployment in USA Reaches New High

The government claims unemployment stands at 4.1%, yet a new analysis cited by CBS News found that 24.9% of American workers were functionally unemployed in July. Functional unemployment includes those who cannot find employment, people forced into part-time work because full-time jobs are unavailab

Source: Armstrong Economics

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DW NOTE

The official 4.1% unemployment figure excludes everyone who gave up looking and everyone working 20 hours a week who needs 40. CBS reports 24.9% functional unemployment in July — nearly six times the headline rate. That's not a rounding error, that's a categorical lie about the state of the labour market.

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Hedge Funds Pile Into Fuels as U.S. Supply Squeeze Deepens

For the first four months of the war between the United States and Israel and Iran, oil traders remained largely bearish. The overwhelming expectation was that the war would end soon—even as July rolled around—and oil flows out of Hormuz would recover. Instead, the world is slipping into a fuel shor

Functional Unemployment in USA Reaches New High

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Hedge Funds Pile Into Fuels as U.S. Supply Squeeze Deepens

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