The experts are still surprised that this keeps happening.
It's almost like there's someone in the White House who has tried really, really hard to kill job growth after all his pals locked down America's economy for months on end.
Enough about that, though. October was a good month for jobs, and I'm sure Glorious Leader Biden will sort the rest of it, just as he raises the Sun in the east every morning!
His press secretary had to deal with the report live on air though... hoo boy was that awkward:
LOL she really tried to say that they are seeing good "trends"!
That's only true if you ignore all the facts and data, which Psaki basically admits when she says we should not get too "wonkified" but explain how this "impacts people's lives."
More from CNBC:
President Joe Biden glossed over the weak November jobs report Friday, instead focusing on the low unemployment rate and the yearlong trend of growth and economic recovery.
The U.S. economy created far fewer jobs than expected in November, in a sign that hiring started to slow even before the announcement of the new omicron Covid variant, the Labor Department reported earlier in the day.
Nonfarm payrolls increased by just 210,000 for the month, though the unemployment rate fell sharply to 4.2% from 4.6%. The labor force participation rate increased for the month to 61.8%, its highest level since March 2020.
In a speech at the White House officially billed as "remarks on the November jobs report," Biden skipped over the job creation data almost entirely.
Analysts expected 573,000 jobs – a number way higher than reality, just like the rest of this year.
Kinda makes you wonder how great our "analysts" are at their jobs.
Anyway, I'm sure if Biden jams a few more vax mandates in before the end of the year, shuts down another pipeline, hands out a few more trillion dollars, talks about "Jim Eagle" again, spreads fear about a virus that's only deadly to a fraction of people, keeps aborting taxpayers, and raises taxes, that it will get the economy right back on track!!
