Re:
“The economy added a disappointing 210,000 jobs in the month of November and the unemployment rate fell to 4.2 percent from 4.6 percent, the Bureau of Labor Statistics said Friday. ”- clo2
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December 1, 2021
DENIAL JOE! Biden Calls Disastrous Jobs Report ‘Incredible News’
by Hannity Staff
hannity.com
US hiring slowed in November 2021 as the country continues its slow recovery amid the ongoing COVID pandemic; adding just 210,000 new positions that disappointed most economists’ expectations.
“Today, we have incredible news that our unemployment rate has fallen to 4.2% – a level experts didn’t expect us to achieve until 2024. We’ve created 588,000 jobs per month on average this year – a record. America is back to work, and our jobs recovery is going strong,” posted the President on Twitter.
“The Labor Department said in its monthly payroll report released Friday that payrolls in November rose by just 210,000, well below the 550,000 jobs forecast by Refinitiv economists. The unemployment rate (which is calculated based on a separate survey) dropped more than expected to 4.2% from 4.6% — the lowest level since the pandemic began,” reports Fox News.
“Today’s employment report is doubly disappointing, because the reference week occurred just as it looked like Covid was on the retreat,” said Justin Wolfers, a University of Michigan economist. “This was a moment for people to return to malls and to return to work. The Covid-related news has only gotten worse since then.”
“The job growth stumble comes before the emergence of the newly identified omicron variant of COVID-19, which could jeopardize the global economy’s recovery. There is still a lack of clarity over how dangerous the new variant is, including whether it is more transmissible or capable of causing more severe illness. Early evidence suggests an increased risk of reinfection,” adds Fox.
Read the full report here.
http://hannity.com/media-room/denial-joe-biden-calls-disastrous-jobs-report-incredible-news/
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