This was a miss of epic proportions.
That's CNN White House correspondent Phil Mattingly making this note.
More from The Daily Wire:
The economy added 235,000 jobs in August, far below economists' predictions of 720,000 and a sharp drop in job growth from the previous two months when the economy added 962,000 jobs in June and another 1.1 million in July, according to Department of Labor data released Friday.
Ouch.
You may recall that this is not the first time this has happened in recent months. Biden's predictions of a swift economic recovery under his administration – even when the economy was artificially depressed in the first place! – are not coming true.
"In August, employment in leisure and hospitality was unchanged, after increasing by an average of 350,000 per month over the prior 6 months. In August, a job gain in arts, entertainment, and recreation (+36,000) was more than offset by a loss in food services and drinking places (-42,000). Employment in leisure and hospitality is down by 1.7 million, or 10.0 percent, since February 2020," the Department of Labor reported.
Some people are blaming the nefarious and super scary delta variant for this downturn, because you can blame anything on Covid and "public health" these days.
Ben Shapiro had a good note about this claim:
It's okay though. I'm sure there's no other economic problems that will compound this problem—
The disappointing jobs report comes as record inflation is hitting the U.S. economy. The Department of Labor's Producer Price Index recorded a year-over-year rise of 7.8% in July, the highest level ever recorded.
I hope you all have your wallets ready!
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