U.S. Relies on One Country for Key Materials in Defense Production – but There’s a Problem

The U.S. depends on Russia to supply key minerals used in technology and defense industries, but the Russia-Ukraine war and Western economic punishment of Russia have suppressed supply lines, according to a report from Defense News.

Russia and Ukraine supply a large percentage of minerals like neon and aluminum that the U.S. uses in civilian and military applications, Deborah Rosenblum, a Pentagon acting spokesperson who works on industrial base policy, told Defense News. Sanctions levied on Russian companies and a war-related drop in mineral production have put these supply chains in jeopardy, she said.

Read More

‘Signs of Slowing’: Unemployment Remains Unchanged as Economists Predict Dim Future

Woman organizing table contents in restaurant

The U.S. economy added 428,000 jobs in April while the unemployment rate was unchanged at 3.6%, according to Department of Labor data released Friday.

The number of unemployed people remained even at about 5.9 million, according to the Bureau of Labor Statistics (BLS) report. Economists projected 400,000 Americans would be added to payrolls prior to Friday’s report, The Wall Street Journal reported.

Read More