November Jobs Report Is A Disaster And Joe Biden Owns It

Another month under Biden, another awful jobs report.

The October jobs report started to show some promise, but things came crashing down with a thud again in November.

Biden has now been president for almost a year. He owns this.

CNBC reports:

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.

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Nonfarm payrolls increased by just 210,000 for the month, though the unemployment rate fell sharply to 4.2% from 4.6%, even though the labor force participation rate increased for the month to 61.8%, its highest level since March 2020.

The Dow Jones estimate was for 573,000 new jobs and a jobless level of 4.5% for an economy beset by a chronic labor shortage.

A more encompassing measure of unemployment that includes discouraged workers and those holding part-time jobs for economic reasons dropped even more, tumbling to 7.8% from 8.3%. The household survey painted a brighter picture, with an addition of 1.1 million jobs as the labor force increased by 594,000.

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This is all about Biden’s policies.

Biden is out of his element and in over his head.

He needs to be replaced, ASAP.

 

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