Today’s Top Stories From the Breitbart News Desk

[Maganomics]( Today’s Top Stories From the Breitbart News Desk Wall Street breathed a sigh of relief today when the July jobs data showed that the labor market did not fall apart. More than that, the economy added more jobs than expected – 1.8 million jobs vs. 1.5 million expected and 186,000 estimated in Wednesday’s terrifying ADP private payrolls release – and the unemployment rate fell by more than expected. This was a good report. One likely reason is Americans are reopening the economy despite rising coronavirus infections. In places across the U.S., people are determined to get back to a tolerable way of life, even if that isn’t what we would have called normal before the pandemic. Another reason: Billions in government aid poured into households and businesses. Unemployment is still extraordinarily high, at 10.2%. But it is moving in the right direction and moving down about as fast as possible given that much of the economy is still constrained by anti-coronavirus measures. That provides breathing room for the White House and Republicans on Capitol Hill, as a reversal in the economy so early into the reopening would have made the November sales pitch far more difficult. But they probably should not get overconfident. The Trump administration’s extraordinary support measures for the economy provided billions of dollars of spending power to households and businesses in July through enhanced unemployment benefits and the Paycheck Protection Program. The former expired at the end of July, and most businesses have run through their PPP loans. Gambling that the economy can continue to expand without this support is an unnecessary risk right now given that the government can pay for any expenditures with deficits funded at record-low interest rates. So it’s a relief that Trump, at least, does not seem to want to take those odds and says he’ll go ahead with putting relief measures in place by executive order if Congress can’t agree on a plan. One piece of news that the mainstream media will surely overlook is that black Americans saw greater jobs gains in July than whites or Hispanics. In fact, the unemployment gap between blacks and whites remains near all-time lows. That, however, doesn’t fit the narrative in which the left is battling against the “white supremacy” of the Trump administration. – Alex Marlow, Breitbart News Network --------------------------------------------------------------- TOP STORY [image]( [U.S. Economy Adds 1.8 Million Jobs in July, Unemployment Rate Falls to 10.2%]( The U.S. economy added 1.8 million jobs in July and the unemployment rate fell to 10.2 percent, providing reassurance that the labor market has kept up some of its post-lockdown momentum. The numbers were better than anticipated. Economists had forecast an addition of around 1.5 million jobs and a decline in the unemployment rate to 10.6 percent from 11.1 percent last week. [[Click here for more]( Recommended Link [MAGA PART II: The Ultimate American Comeback Story]( [image]( According to the financial experts at the “Maganomics Institute,” Americans could be on the verge of one of the greatest stock market surges in history – and they’ve partnered with one of America’s leading news networks to spread the word in this important roundtable discussion. What makes this a must-see for every American is the No. 1 investment the “Maganomics Institute” claims is behind [the great American comeback]( This is something no one in the mainstream media sees coming. [Take a few moments to watch it and decide for yourself.]( -- IN OTHER STORIES… [Black Employment Rose Faster Than White Employment in July, Black-White Jobless Gap at Historic Low]( The better-than-expected jobs gains in July boosted black employment in the United States by more than it boosted white employment. As well, the black-white gap in unemployment is at a historic low. [[Click here for more]( [Kudlow: Trump ‘Not Bluffing’ on Using Executive Authority on Payroll Tax Cut, COVID-19 Relief]( White House economic adviser Larry Kudlow on Friday said President Donald Trump is “not bluffing” when it comes to using his executive authority on a payroll tax cut and additional coronavirus relief. [[Click here for more]( [Vatican Warns of ‘Unprecedented Crisis’ of Global Tourism Industry]( The Vatican department of integral human development warned Friday of an unprecedented crisis in the international tourism industry including a loss of some $1.2 trillion in revenue. [[Click here for more]( --------------------------------------------------------------- FROM THE MAGANOMICS INSTITUTE… [Energy Industry Earnings Bloodbath – A Sign of Good Things to Come?]( Chevron and Exxon released underwhelming earnings last week. Where do they go from here? [[Click here for more]( [Maganomics]( Maganomics Institute 55 NE 5th Ave, Delray Beach, FL 33484 [www.maganomics.com]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. Maganomics welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. To contact Customer Service, call toll free Domestic/International: 1-888-415-6046, Mon–Fri, 9am–7pm ET, or email us [here](mailto:memberservices@maganomics.com). © 2020 Signal to Noise, LLC. All rights reserved. Any reproduction, copying, or redistribution of our content, in whole or in part, is prohibited without written permission from Signal to Noise, LLC. [Privacy Policy]( | [Terms of Use](