A roller coaster coaster week in the stock market that saw the steepest sell-off in decades

followed by an aggressive rebound has renewed concerns about the health of the U.S. economy.

In this episode we talk with an expert about the the U.S. economy.

In this episode, we talk with an expert about the economic factors playing into the

turbulent week and how much the presidential race will influence the economy going

forward.

I'm Daily Wire Editor-in-Chief John Vickley with

Georgia Howe. It's Saturday August 10th and this is an extra edition of Morning

Wire. Joining us now is Peter Earl, Senior Economist at the American Institute for Economic Research.

Peter, thank you so much for coming on.

Look, this week we saw a big sell-off in the stock market followed by a rebound.

Can you put all of the events leading up to this sell-off into perspective for us?

Certainly, so what we've really seen in the last few days is that we've gotten some economic data, which

has in totality shown or suggested that the U.S. economy is in worse shape that we thought.

In particular, we've seen a lot of bad news regarding U.S. labor in and they're above the level that usually suggests softness in the labor market.

We've seen an increase in warn reports.

That is the worker adjustment of retraining notification act

where any company that has more than 100 employees has to warn employees that they're going to do layoffs, we've seen a rise in those.

And last Friday, we got the July Unemployment Report from BLS, that's Bureau of Labor Statistics, and the U3 number, which is the amount of the

total labor market that's out of work, rose much more than expected.

It rose from 4.1 to 4.3 percent, which is much higher than expected, but more importantly, it triggered

something called the Sommerl.

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