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.
Another disastrous economic report for the administration… Of course no one will cover it because Joe’s doing a such great job In every other aspect of his presidency so they’ll give him a pass on this. How long do you think this is sustainable for? https://t.co/lY0nhhOsae
— Donald Trump Jr. (@DonaldJTrumpJr) September 3, 2021
The report comes as a Rasmussen poll recently found that 52 percent of Americans now want President Biden to resign.