Biden’s economic recovery falters as dismal jobs report says that just 194K were added in September against a projected 500K
- Employers added far fewer jobs than expected for the second month in a row
- Economists surveyed by Refinitiv were expecting 500,000 new jobs to be added
- Shows the delta COVID variant still has a grip on the economy
- Supply chain bottlenecks have also worsened and store shelves are emptying
- ‘Clearly, [Biden’s] big government, trillion dollar, socialist plans aren’t working. They’re just bankrupting Americans,’ one Republican wrote on Twitter
- ‘The jobs numbers are pretty good actually…’ Biden’s chief of staff wrote on Twitter
Just 194,000 jobs were added to the payroll in September, falling far short of the 500,000 that were expected, and offering one of the most dismal outlooks from a US jobs report all year.
Monthly job growth this year has averaged 561,000.
Supply chain bottlenecks and Covid-19 contributed to the unimpressive numbers, and despite a record number of job openings, many of those laid off have not returned to the job search.
Still, Friday’s report from the Labor Department showed that unemployment slipped more than expected, from 5.2 percent in August to 4.8 percent in September. Economists surveyed by Refinitiv had only expected unemployment to slip to 5.1 percent.
The government doesn’t count people as unemployed unless they’re actively seeking jobs, so some may have ceased their search. The number of unemployed people fell to 7.7 million.
Republicans are calling the new jobs numbers ‘pathetic’ and say it’s proof the it’s proof his multi-trillion spending plans aren’t working.
The report served as another blow after Biden earned his lowest approval rating yet – 38% – according to a new Quinnipiac Poll.
Still, Biden’s chief of staff Ron Klain touted the report.
‘The unemployment rate is now down to 4.8% — in just eight months. We’ve created 2x more jobs under @POTUS in his first nine months than any administration in history,’ Klain wrote on Twitter.
In another tweet, he shared a New York Times analysis, and wrote: ‘The jobs numbers are pretty good actually…’
Republicans said the new figures proved the nation did not need Biden’s Build Back Better Agenda, the $3.5 trillion budget reconciliation bill.
The monthly US jobs report has fallen short again with employers adding just 194,000 in September compared to the estimates of 500,000
(TLB) header featured image (edited) credit: Biden/AFP Getty image
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