POLITICS

Biden Economy A Bust: Jobs report for the worst number in September


The constant fear of Covid-1 of and the ongoing shortage of workers are being blamed for the horrific September job report released on Friday. The numbers are less than half of what was estimated, according to a CNBC report.

According to the Wall Street Journal, 194,000 jobs were created in September. This is the smallest profit since December 2020, and less than 6,000,000 made in August.

The unemployment rate fell to 4.8% from 5.2% last month. And while the Biden administration may be glaring at this number, the job report shows that many Americans quit looking for work and quit their jobs.

Related: Joe Biden doesn’t understand vaccine mandate opposition: ‘I don’t get it right’

‘Experts’ are not expected

The numbers from the jobs report made Wall Street somewhat alarming. Michael Pierce, a senior economist at Capital Economics, said: “This was a time when many people were hoping that labor shortages would get better but in reality they were getting worse. This is a very worrying situation.”

Many employers are offering increased wages and other incentives, but obviously there are bigger problems.

Unrealistic job reports have even surprised some in the business and finance media. Host Steve Lyceman saw the numbers on CNBC’s “Squawk Box” and seemed surprised by what he saw.

He was apparently shocked when he broadcast the original numbers live.

Clock:

Lysman explained the situation as follows:

“It was definitely a weaker number than expected. Nothing is really happening in leisure and hospitality. Decrease in nursing. And where do we have a fall? There really isn’t a big fall here, just, Becky, the numbers that you need to get back to work right now. September is getting weaker now than August … and I think that’s the big story here.

In August, when the number of jobs also missed the expected mark, Lysman called it “a big miss.”

Related: If White House Believes Parents Opposing CRT Are ‘Domestic Terrorists’

September Jobs Biden reports last on the economy

The September job report is nothing new. This is a continuation of the August job report. Axios reported at the time that the August numbers had made “slight” additions and “indicated a massive downturn” in Joe Biden’s economy.

If these numbers indicate a widespread recession, the September numbers cause serious danger.

Although August already gave a good indication that Biden’s economic policies were not working, poor numbers were blamed for the epidemic, especially the Delta variant of the Covid-1 of Delta.

Even the liberal media find it difficult to research the numbers and use words like “terrible news,” “really weak,” “big miss,” and “frustration.”

Now is the time to support and share your trusted sources.
Feedspot’s “Political Insider ranks 15th in the Top 70 Conservative Political Blogs, Websites and Influencers 2021.”





Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button