Photo by Gage Skidmore

The US economy added 235,000 jobs in August, a massive letdown from the expected number of 735,000.

The massive underperformance is another huge red flag from the Biden economy.

As Axios reports:

The U.S. economy added a meager 235,000 jobs in August, while the unemployment rate fell from 5.4% to 5.2%, the government said Friday.

Why it matters: It’s the first jobs report to factor in the extent of the COVID-19 surge driven by the Delta variant — showing a massive slowdown in the recovery after July’s blockbuster jobs report. Economists had expected 725,000 jobs to be added.

The big picture: This is a very weak report, which will dissuade the Federal Reserve from pulling back on the amount of cash it’s injecting into the economy every month.

The report comes as a Rasmussen poll recently found that 52 percent of Americans now want President Biden to resign.


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Manuel Antonio Alvarez
Manuel Antonio Alvarez
8 months ago

have we had a good report yet, no, then lets print some more money

ShyOne
ShyOne
8 months ago

And further remove this news from all media outlets quickly (darn that Fox getting the word out over and over again) or people will sreally ee how bad Biden is for our Country!

David Carlisle
David Carlisle
8 months ago

The initial ‘good feeling’ flush is falling away [Biden seemed like a friendly well meaning ‘uncle’ while Trump seem rough and unyielding]. The fundamentals are reasserting themselves! Higher wages, somebody has to pay the higher taxes after the ‘rich’ flee. Higher unsupported spending just INFLATES the money supply causing INFLATION ACROSS THE BOARD!!

Jawad
Jawad
8 months ago
Reply to  David Carlisle

A rough and unyielding patriot vs. a friendly, perverted funny uncle…nolo contendere.

TPS
TPS
8 months ago

Yep, this is what 81 million voters wanted. Just ask msm.

Alfie
Alfie
8 months ago
Reply to  TPS

Isn’t that about 5 million more than are registered to vote?