A new jobs report for May is showing even more bad news for the Biden Administration.
Though unemployment ticked down slightly, the economy added far fewer jobs than economists had predicted clocking in at a measly 559,000 jobs falling far short of the expected 650,000.
As Fox News reports:
Employers added 559,000 jobs in May, the Labor Department said Friday, missing the addition of 650,000 jobs that analysts surveyed by Refinitiv were expecting. April’s reading was revised higher by 12,000 to 278,000.
Despite the gains, the U.S. economy has 7.6 million, or 5%, fewer workers from its February 2020 pre-pandemic level.
“Only a few months ago we had expected to see several months’ worth of gains north of one million as the economy reopened, but labor supply is bouncing back much more slowly than demand,” said Paul Ashworth, chief U.S. economist at research firm Capital Economics.
The report underscores the weakness of the economic recovery under Joe Biden and may foreshadow a tumultuous and disappointing summer.
The only Employers who are doing well are owned by Establishment Elites who support the corrupt Socialist Democrat Dictators.
All depends on how many have been lost.
The Biden/Harris Administration’s public policies favor corporate elites (Bill Gates, Jeff Bezos, Mark Zuckerberg, Warren Buffett, et al.), while harming small business across America, no question about it. The Biden/Harris policies are more extreme than Obama/Biden policies, which destroyed small businesses that accounted for 80 percent of American jobs pre-Obama. These are the facts, not vitriol. The increase in prices for gas and groceries disproportionately harms the poor and middle class, and we expect more of the same going forward. When the federal government pays people to remain idle, instead of productive contributors to society, the American economy will not gather steam and grow. Workplace participation in both the Obama and Biden eras is dismal. Say what you will about Donald Trump, but the Trump/Pence Administration had record lows in unemployment among Blacks, Hispanics and women and high workforce participation. Biden/Harris is rewarding benchwarmers and those who remain on the sidelines and also giving us an economy that drives up inflation, stagflation and gas and grocery prices instead. Read them and weep.
The process of implementing Socialism has many facets, including academia. Young people can be convinced that only a huge, reactionary regime will respond to their ‘demands’ to make us equal, tolerant and non-aggressive. Welfare not only eroded the self-sufficient spirit of generations of Americans, it also compiled tens of thousands of voters who only see their government as the means to feed, house and provide them with other staple needs. The media is in on this process, and women in particular are being conditioned to believe that they have a ‘special’ relationship with our leaders. If those women would just view the disillusioned, decimated expressions on the faces of their counterparts in Russia, Venezuela, Cuba and other nations where this scheme was applied, they would tell that collection of demagogues in Washington to shove their ruse where the sun don’t shine.
This is still a big monthly jobs increase by any metric. Don’t become like the MSM and spin lies at the expense of truth.
I guess you’re OK with a slow recovery? I’m not. The number was considerably lower than expectations, so it’s not a lie to say it’s disappointing.
Just what exactly are you trying to say? That the biden administration is doing a great job to improve our economy?
Going according to plan.
no, it’s not. it’s terrible “by any metric”
If you believe what you wrote, you are either a demented liberal Democrat or you are as stupid as sin.
How about BOTH!!
What a joke. Are you kidding me.
really so you must be one of the people getting paid to be lazy. Just sayin.. The job opportunities suck period and have since the dems released the hoax covid and the many of, if not most of the american public, with thier tails in between thier legs followed, all scared. of course the schools and media/big tech lies all the time. schools used to encourage open critical thinking not anymore as that critical thinking scares the s..t out of these school admin and seriously ignorant professors.
Just wait until his suffocating taxes kick in along with soaring energy prices. He is going to make Jimmy Carter look good.
He met with Jimmy Carter, probably to get pointers on how to tank an economy and making America the laughing stock of the whole world
Yes I can see that
The best is yet to come. The shock is awaiting everyone. Wake Up America. This man needs to go.
So why did U vote for him?…
Yes biden needs to go straight to a nursing for people who suffer from dementia And I know first hand signs of dementia we have family member who is in a home for it.
There is NOTHING NOTHING NOTHING american about biden at all he is a racist radical bigot he cares more about the damn illegals than he does for the Americans he also is a racist radicL against our police dept refunding them is the most stupid assin irresponsible incompetent JACKASS of a president he just as bad as Carter if not worse f_____ing JACKASS..throw his ass in gitmo bay where he belongs
You just described “A Democrat”!
Biden is CATHOLIC. everything south of the USA is CATHOLIC. Bideni is a traitor. The Vatican is a foreign, hostile NATION that is at perpetual undeclared war with the USA.