Yesterday’s News 2026-07-31

curated news excerpts & citations
… trying to ‘unbury the lede’

2025-12-18-Lutnick-Look for the second quarter of 2026 to be amazing

Harriet Torry @ WSJ:
U.S. Economic Growth Slowed to 1.5% in Second Quarter

U.S. economic growth slowed in the second quarter, weighed down by strong imports to fuel the artificial-intelligence boom.

The AI surge has become such a huge part of the economy that it’s a big growth driver and also affects trade in a way that can offset some of that growth. Specifically, high demand for imported components like semiconductors weighs against the U.S. growth calculation because the products aren’t made in the U.S.

Robert Reich: The Incredibly Shrinking American Workforce

This month, the Bureau of Labor Statistics reported that the labor participation rate — the percentage of people of working age who are working or actively looking for work — is now down to 61.5 percent. That’s 0.6 percentage points lower than it was at the first of the year.

In other words, the U.S. economy has lost 1 million workers since January.

It’s the lowest level of labor participation in 50 years outside the pandemic.