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While the hard data is relatively agnostic, the soft data is definitive: jobs are not easy to find. My Morning Joe Chart

The average American thinks there’s only a 51% chance that they could find a job in 3 months if they lost their job. That’s down from around 60% just before covid. My Morning Joe chart

Jobless claims have really climbed in June — we may start to see a slowdown in the next jobs report. My Morning Joe Chart

Last week, the Fed lowered its GDP forecast and hiked its unemployment expectations. My Morning Joe Chart

The Fed is projecting elevated inflation for the next 3 years but hasn’t changed its outlook for rate cuts in 2025. My Morning Joe Chart

First quarter GDP growth was revised down to -0.5%, a stark drop from the previous quarter's 2.4%.

New research finds that running AI on devices (like your phone) instead of computing in the cloud can consume 75-95% less power. While the energy & environmental costs of AI are valid concerns, remember that innovation can help address these problems. axios.com/2025/06/26/ai-…

PCE inflation ticked upwards in May, perhaps the first glimpse of tariff-related price increases.

Consumer spending dropped 0.3% in May, a sign of economic slowdown.

In May, personal income dropped by 0.4%, the first month-over-month decline in almost 4 years.

It is quite rare for consumer spending to fall in inflation-adjusted terms. It happened during covid, and during the financial crisis, and it is happening now.

The Senate’s version of OBBBA hits poor families even harder than the initial version passed by the House — now the poorest Americans will lose 2.9% of their income while the richest gain 2.2%

Job openings rose to 7.77M in May, beating expectations.

The Senate just passed a bill that would (taking into account the expiration gimmickry) add $5.3T to the debt, which is more than we borrowed to recover from COVID. That’s unacceptable.

Comparing the White House analysis of OBBBA to multiple private forecasters shows how ridiculous Trump’s claims for the legislation are.

Republicans just managed to pass a bill that will balloon the debt, push millions off Medicaid, and do little for economic growth. I chart all the sordid details in my latest for New York Times Opinion nytimes.com/interactive/20…

Here's what's in the bill Congress just passed. More in my latest for New York Times Opinion nytimes.com/interactive/20…

Congress just passed a bill that takes healthcare and food assistance from the poor, and puts money in the pockets of the rich. More in my latest for New York Times Opinion nytimes.com/interactive/20…

Here's what will happen to student loans under the Big Beautiful Bill. More in my latest for New York Times Opinion nytimes.com/interactive/20…

Even if they voted for it, a lot of Republicans in Congress were not happy about the Big Beautiful Bill. In my latest for New York Times Opinion, I have 10 charts to explain why. nytimes.com/interactive/20…