The number of unemployed Americans now outnumbers available job openings. Data from July show 7.24 million unemployed Americans compared to 7.18 million job openings, marking the first time that the unemployed have outnumbered the number of available jobs since April 2021.
This is precisely what we see during stagflation and a structural labor shift. Companies are cutting costs due to regulations, taxation, and inflation that have never meaningfully waned since the pandemic. AI automation has replaced countless positions, and when companies do choose to hire, they are often seeking new hires from outside the US, where the cost of labor is cheaper.
The fact that job openings are now falling below the number of unemployed is a warning that we are entering the next phase of the economic decline into 2026. Just as the ECM has forecast, confidence is shifting. Employers are reluctant to expand, workers are squeezed by inflation and the cost of living, and the political response will be more regulation, higher taxes, and demands for wage hikes that only accelerate the cycle downward.
Around 60% of recent college graduates cannot find employment. Entry-level jobs are being replaced by AI or outsourced overseas and the unemployment rate for those aged 20 to 29 is 7.1% compared to the national average of 4.3%. Previously, college graduates had lower unemployment rates than the national average, as those inexperienced employees were the cheap labor that companies were seeking.
Stagflation is the combination of rising prices with a stagnant or declining economy. Here, you have unemployment rising as job openings vanish, while at the same time, food, insurance, shelter, and taxation continue to rise. People are struggling to make ends meet. The central bank and politicians are reluctant to use the word “stagflation,” as everyone wants the public to believe that the economy is growing rather than stagnating.
Two suspects were arrested in connection with the killing of University of Massachusetts student and congressional intern Eric Tarpinian Jachym in Washington June 30, U.S. Attorney for the District of Columbia Jeanine Pirro announced in a press conference Friday.
Jachym, a 21-year-old who served as an intern for Rep. Ron Estes (R-Kan.), was shot and killed on June 30 after being caught in targeted gunfire in Northwest Washington, DC.
Jalen Lucas and Kelvin Thomas Jr., both 17-year-olds, will be tried as adults and charged with first-degree murder. Pirro said they are also pursuing a third potential suspect.
The family of Eric appeared for a heartbreaking interview on Fox News with USAO Judge Jeanine Pirro below:
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Something odd is going on with this. Catherine Herridge reports that she “exclusively” gained a copy of the FBI files on Michael Flynn from FBI Director Kash Patel [SEE HERE]. Herridge uploaded the documents while she began reporting on them via Twitter [SEE HERE] then, mysteriously deleted her upload [SEE HERE].
Fortunately, I kept the tab open, because there are two pages that really caught my eye. The pages are labeled the “Flynn Timeline” and were created by someone in the FBI. Check these pages closely, and you can find things quite remarkable.
First, I have always suspected the greatest likelihood of who leaked the transcript of then National Security Advisor Michael Flynn’s December ’16 phone call with Russian Foreign Minister Sergey Kislyak to David Ignatius at the Washington Post was Mary McCord. Well, check out January 6, 2017:
01/06/17: “McCabe provides McCord [REDACTED]” Likely, almost certainly, the thing being discussed with DNI Clapper on 01/03/17. That would be the “Flynn Cuts,” which is the transcript of the phone call between Flynn and Kislyak.
The next entry is:
01/13/07: “Ignatius editorial” – Washington Post, David Ignatius – the reporter who received the leak of the Flynn transcript. A massive national security breach. The leaking of TSCI classified information, the Flynn transcript.
McCabe gives the transcript to McCord. Suddenly, Ignatius writes about the transcript. The Washington Post’s David Ignatius was the first to report on the Flynn/Kislyak call on January 12, 2017.
Stuff about Clapper calling Comey then going to the FBI I previously wrote about. Obama asked Clapper who was leaking all this stuff to the media. 01/03/17 Clapper calls Comey and asks him about the Flynn call. “Director describes” transcript to Clapper. 01/03/17, Clapper goes to FBI to retrieve transcript, which he then takes back to Obama.
The next page is even more interesting.
After the FBI interview with Flynn, 1/24/17, Sally Yates and Mary McCord go to the White House to discuss the Flynn/Kislyak call with White House Counsel Don McGhan (WHC).
Then on 01/30/17: “Play Flynn [REDACTED] for DOJ.” Is that redaction a recording?
“Play Flynn [cuts] or [tape] for DOJ”?
Chicago Mayor Brandon Johnson is rallying the people to begin an insurrection, but of course, it is (D)ifferent. “Are you prepared to defend this land that was built by slaves and indigenous people?” the mayor asked, urging the people to “resist” the US National Guard, while of course, adding in divisive racial political rhetoric.
Rather than urging the people to band together toward peace, Brandon Johnson would like the people to fight American troops in favor of dangerous criminals. The federal government does not have the authority to deploy troops to prevent overall crime, however, the federal government can and will deploy troops to expel illegal migrants.
The United States Immigration and Customs Enforcement arrested 4,775 people in the Chicago Area of Responsibility in the first four months of the year, which expands beyond Illinois to five neighboring states. As reported by ABC, 47% of those arrested has prior criminal convictions, and 35% were wanted for criminal charges. Only 18% of those arrested in that four-month period had no prior ties to criminal activity. The majority of the people deported from the Chicago area are Venezuelan or Mexican nationals who commonly have ties to criminal organizations. Chicago and Illinois in general has become a refuge for criminals as blue policies permit crime and favor the criminal over the common man.
Illinois Governor JB Pritzker and Chicago Mayor Brandon Johnson continually praise the recent 30% drop in crime. Sorry, but the inner city is nearly an active war zone. Chicago had the most homicides in absolute numbers for 13 consecutive years. Yet, arrest rates remain extremely low at 16.2% despite 147,899 reported crimes since January 1, 2025. President Trump noted that Chicago’s murder rate was double that of Islamabad and nearly 15 times that of Delhi. There were 573 homicides in 2024, but blue lawmakers praise the 8% decrease from the 620 homicides in 2023.
What exactly does Johnson and the Democrats propose the people do to “fight” the National Guard? An insurrection is defined as “a violent uprising against an authority or government.” Johnson and Pritzker are stirring the pot and pushing the people to revolt to maintain power. They do not care about the safety of their constituents as their motives are purely political.
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