ECONOMY OBLITERATED. NOTHING MORE TO SAY.

The Rot Sets In: US Economy Officially Crumbling

Let’s not mince words. The numbers released this week aren’t “cooling,” they’re freezing. Anyone still clinging to the delusion that the US economy is robust is either willfully ignorant or actively peddling fantasy. October’s job losses – a full 105,000 positions vanished – weren’t a blip. November’s paltry gain of 64,000 doesn’t “offset” them. It’s a pathetic bandage on a gaping wound.

And the unemployment rate? A cold, hard 4.6%. The highest in four years. That translates to 7.8 million Americans out of work, which isn’t a statistic, it’s a catastrophe for families across this country. Don’t expect a heartwarming holiday season for those households.

Let’s be clear: 2023 is shaping up to be the worst year for job growth since the pandemic lockdown of 2020. And there’s a real possibility it will even surpass the dismal performance of 2009, during the depths of the Great Recession. Think about that for a moment. We’re not just slipping, we’re hurtling backwards.

The wage growth slowdown is equally damning. A measly 3.5% annual increase? That’s barely keeping pace with inflation, and certainly not compensating for the stress being put on working families. It’s a slap in the face to anyone expecting a real increase in their standard of living.

Retail sales are flat. Flat. After years of supposed consumer resilience, we’re seeing stagnation. This isn’t a sign of a healthy economy; it’s a symptom of shrinking disposable income and dwindling confidence.

And don't even get me started on the sectors. Most are either hemorrhaging jobs or stuck in neutral. The only bright spot? Healthcare, predictably. An aging population guarantees consistent demand for medical services, but that’s hardly a reason for national celebration. It's a demographic inevitability masking systemic failures.

The Federal Reserve is, predictably, feigning surprise. They’ll claim they’re “monitoring” the situation, carefully calibrating future interest rate hikes. Don't buy it. They’re paralyzed by indecision, afraid to take decisive action that might actually address the underlying problems.

And let’s not shy away from the truth: this mess isn’t some random act of economic nature. It’s a direct result of the current administration's disastrous policies. The tariffs, the restrictions on foreign labor – these aren’t strategies for growth, they’re barriers to progress. They’ve choked off supply chains, inflated prices, and stifled innovation.

This isn’t a “soft landing.” It’s a crash in slow motion. And the longer we pretend otherwise, the harder the impact will be.