Another Dismal Jobs Report

The November jobs report was another swing and a miss for the Biden-Harris White House as the U.S. added only 210,000 jobs last month, less than half the number of jobs economists predicted.

CNBC: Job growth disappoints in November, with a gain of just 210,000, despite high hopes

“The U.S. economy created far fewer jobs than expected in November, in a sign that hiring started to slow even ahead of the new Covid threat, the Labor Department reported Friday.”

“The number was well below Wall Street expectations of 573,000.”

The news comes as Americans are already struggling with rising inflation, record-breaking gas prices, and skyrocketing heating bills ahead of the Christmas season. To make matters worse, members of the Biden-Harris administration admitted this week that these high costs are here to stay.

New York Post: “In his opening remarks, Powell admitted that ‘it now appears that factors pushing inflation upward will linger well into next year.’ He also noted that the Omicron variant of COVID-19 posed ‘downside risks to employment and economic activity and increased uncertainty for inflation.’”

Reuters: “U.S. Treasury Secretary Janet Yellen told the Reuters Next conference Thursday that she is ready to retire the word ‘transitory’ to describe the current state of inflation plaguing the U.S. recovery from the COVID-19 pandemic.

“‘I’m ready to retire the word transitory. I can agree that that hasn’t been an apt description of what we’re dealing with,’ Yellen said.”

According to a new Gallup poll, 45 percent of American households said they’ve experienced “financial hardship” due to recent price increases. 10 percent of the total people polled described the hardship as “severe,” and 71 percent of those polled making under $40,000/year say that they have also experienced financial hardship due to inflation.

What’s Biden’s plan to combat this economic disaster? A vaccine mandate that would only worsen the labor shortage and a multi-trillion-dollar spending bill that would lead to higher inflation.

Whitney Robertson, America Rising PAC Press Secretary: “Joe Biden squandered the economic recovery he inherited, and his incompetence is continuing to drag Americans down. When the only thing Democrats have to brag about is gas prices decreasing by two cents, you know they’re desperate.”