13.3% U.S. Unemployment A Reflection of Trump’s Failure

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13.3% U.S. Unemployment A Reflection of Trump’s Failure
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13.3% U.S. Unemployment a Reflection of Trump’s Failure to Lead Nation in Crisis

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Q1 2020 hedge fund letters, conferences and more

U.S. Unemployment Rate Rises To 13.3 Percent

WASHINGTON, D.C. – The May jobs report shows the U.S. unemployment remains at recession levels, with the jobless rate standing at an abysmal 13.3 percent. The unemployment rate among the African American community ticked up to a staggering 16.8 percent.

Hayden Capital 2Q22 Performance Update

unnamed 12Hayden Capital's performance update for the second quarter ended June 30, 2022. Q2 2021 hedge fund letters, conferences and more Dear Partners and Friends, The markets continued to sell-off in the second quarter, especially for internet-based businesses.  This year continues to be the toughest stretch for us, since the Hayden’s inception.  Inflation concerns and the Read More

“Our economy is deeply broken. While the stock market is surging again, unemployment is staggeringly high and 1 in 4 Americans are skipping meals or relying on food donations,” said Kyle Herrig, president of Accountable.US. “The nation is reeling on multiple fronts, but the Trump administration only seems capable of fanning the flames of racism and exacerbating economic division. Today’s jobs report is a reflection of how deeply this administration has failed the American people, particularly people of color who have suffered record job losses on account of the crisis.”

With millions of American unemployed, underemployed or struggling to put food on the table, President Trump is celebrating today’s jobs numbers as “joyus”. It is that same out-of-touch leadership that has failed the American people on several fronts – from public health and economic security to social justice.

Is the BLS data accurate? Many are asking that question today. How does it make sense we gained millions of jobs in May, every forecaster thought that millions would be lost. Is the BLS data faulty or is there something else going on? Let us know by sounding off in the comments section!

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