What Really Matters with Walter Russell Mead cover image

What Really Matters with Walter Russell Mead

Putin, Xi, Modi, Kim

Jul 11, 2024
This podcast discusses topics such as rising unemployment rates in the US, the GOP's shift on abortion rights influenced by Trump, the rise of the far-left in France, and the changing dynamics in global politics with a focus on China, Russia, India, and North Korea.
34:18

Podcast summary created with Snipd AI

Quick takeaways

  • Unemployment rate hits 4.1%, impacting economy and Biden's policies.
  • GOP adopts softer abortion stance under Trump, aiming to broaden support base.

Deep dives

Economic Outlook: Unemployment Rate and Job Market

The recent report from the Bank of America Institute highlighted a rise in the unemployment rate to 4.1%, marking a three-year high in June. Moreover, the median duration of unemployment increased to 9.8 weeks, the highest since January 2023. The quits rate has remained stagnant at 2.2% for seven months, despite reaching 3% during the pandemic. These shifts in employment metrics impact Americans' perceptions of the economy and President Biden's policies.

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