The Labor Market Revisions Will Hit These Workers The Hardest

also takeaways from the DNC so far                                                                                                                                                                                                                                                                                                                                                                                                                 August 22, 2024 Good afternoon, it is Thursday, August 22, and we're covering a recap of the DNC so far, how the labor market revision will hit this industry the hardest, a history race & much more!! First time reading? American Fact of the Day! On August 22, 1972, the popular children’s television show Sesame Street introduced the characters of Bert and Ernie. These iconic muppets, created by Jim Henson and Frank Oz, have since become beloved figures in children’s entertainment, known for their humorous and endearing personalities. Breaking Updates [Labor market revisions hit these workers the hardest]( On Wednesday, Wall Street took notable interest in the Bureau of Labor Statistics' annual benchmark revisions, which revealed that the U.S. labor market had 818,000 fewer jobs in March than previously reported. This adjustment means that the average monthly job gains from March 2023 to March 2024 were closer to 174,000, not the 242,000 initially estimated. Despite the significant revision, economists believe it won't alter the Federal Reserve's expectation of a 0.25% interest rate cut next month and possibly more reductions later in the year. The revised data highlighted considerable declines in white-collar sectors, particularly in professional and business services, which saw a drop of 358,000 jobs. Other sectors, like information and financial activities, also faced substantial revisions, reflecting a broader slowdown in industries associated with tech and finance. This shift is consistent with recent trends of increased layoffs in these sectors, contributing to a heightened sense of economic malaise and prompting discussions about potential recession impacts among investors. [Read More Here]( 6 takeaways (so far) from the Democratic National Convention The Democratic National Convention in Chicago has served as a key platform for unifying the party and energizing voters. Here are six notable takeaways from the event so far: 1. "Coach Walz" Gives Democrats a Pep Talk: Governor Tim Walz of Minnesota, Vice President Kamala Harris’s running mate, delivered an inspirational speech using sports metaphors to rally the Democratic base. His common-touch approach and background as a former football coach were highlighted, contrasting with the more elite image of some opponents. 2. Broad Appeal for Mainstream Values: The convention has aimed to attract undecided and independent voters through speeches by figures like Oprah Winfrey and Bill Clinton. Winfrey specifically reached out to independents, promoting Harris as a choice for decency and respect, while Walz framed Democratic policies as practical and mainstream. 3. Showcasing Democratic Rising Stars: The event featured speeches from emerging Democratic leaders such as Governors Josh Shapiro and Wes Moore, providing a glimpse of potential future presidential candidates and their vision for the party. 4. This is Not Joe Biden’s Convention: With President Biden stepping aside, the convention has been energized by a focus on Harris and her ticket. Chants of “Thank you, Joe” reflected both gratitude for his presidency and relief that he is not running again. 5. Michelle Obama’s Groundbreaking Speech: Michelle Obama delivered a powerful speech addressing issues she previously avoided, including race and generational wealth. Her candid remarks resonated strongly, showcasing her evolved voice outside the constraints of her former role. 6. Doug Emhoff’s Modern Family Representation: Doug Emhoff, Kamala Harris’s husband, highlighted the dynamics of their interracial and blended family, offering a contemporary portrayal of political families. His role contrasted with Bill Clinton’s support for Hillary Clinton in 2016, adding a new dimension to the convention's narrative. With these points, the convention has set the stage for Kamala Harris to make a significant impact with her forthcoming speech, aiming to build on the momentum generated by the event. [Read more updates here]( American Sports & Culture Noah Lyles wants 'millions of dollars,' no 'gimmicks' to race Dolphins WR Tyreek Hill By 'gimmicks,' Lyles apparently means running any distance that's not 100 meters. 2025 NFL Draft big board: Defense-heavy class headlined by Travis Hunter and yet another Georgia star Nate Tice shares his top 40 prospects plus five more names as we head into the 2024 NFL season. No QBs until No. 23, but then a mini-run begins. Juan Soto's stardom is hard to ignore, even on a night when Aaron Judge homers twice Soto achieved a single-season career high of 36 home runs with a 5-RBI night as the Yankees routed the Guardians. American Business & Markets A U.S. construction boom is sending rents lower and creating perks for renters Record construction activity since the pandemic has increased the supply of empty units, meaning more inventory is available. Facial recognition technology use at stadiums across the U.S. sparks protests A small group of people gathered at Citi Field to protest the use of facial recognition in some ticketing. Shein reveals child labour cases as it steps up supplier audits Fast fashion retailer Shein found two cases of child labour at its suppliers last year, it said in its 2023 sustainability report, as it stepped up audits of manufacturers in China to assuage criticisms of its low-cost business model ahead of a planned flotation. American Politics Federal judge says US military cannot turn away enlistees who are HIV-positive The US military cannot turn away enlistees who have HIV, a federal judge ruled Tuesday, striking down the final part of a controversial Pentagon approach to the condition that has been chipped away at in recent years. RFK Jr. is planning to drop out of the 2024 presidential race and endorse Trump JD Vance, Trump's running mate, told NBC News in an interview that "there's been a lot of communication back and forth" between the two campaigns. Hunter Biden’s lawyers tell judge special counsel is trying to turn tax trial into ‘character assassination’ Hunter Biden’s lawyers accused federal prosecutors Wednesday of trying to turn his upcoming tax evasion trial into a public “character assassination.” Update your [email preferences]( or unsubscribe [here]( © 2024 Keeping Up With America 19354 Watermark Drive, Suite 202 Cornelius, NC 28031, United States [Terms of Service](