Yesterday’s News 2025 08 19

curated citations to news sources

Fortune: Even if you can’t trust the data, these 13 warning signs will tell you the economy is in trouble

For decades, statistics that came directly from the U.S. government, especially from agencies like the Bureau of Labor Statistics (BLS), have long been the gold standard for measuring the health of the American economy. But this trust has been shaken by recent events, including substantial downward revisions to jobs data, bruising political accusations, and the unceremonious dismissal of Erika McEntarfer, the BLS’s top official, at the beginning of the month. The resulting uncertainty has left many Americans asking: If official government data can’t be trusted, how can you know if the economy is struggling?

So this invites the question: If you cannot trust official numbers, what concrete signs reveal economic trouble? Economists point to several alternative indicators that, individually and collectively, offer insight—often visible without needing to consult official statistics. Here are the telltale signs the average person, or a skeptical observer, should watch for

Beyond the numbers: Recognizing economic distress

  1. Labor market conditions
  2. Consumer behavior and social signals
  3. Business activity
  4. Alternative and composite data
  5. Public mood and media reporting


(Fortune more…)

Fast Company: Why is tourism down in Vegas this summer? Some blame Trump

The head of the Culinary Workers Union, Ted Pappageorge, calls it the “Trump slump.”