Throughout last year’s presidential campaign, then-candidate Joe Biden promised his supporters — and the entire country — that he would revitalize America’s pandemic-battered economy.
However, nearly four months have passed since he took the oath of office and those promises have yet to be fulfilled. Or at least that’s what ominous new data coming out of the U.S. Bureau of Labor Statistics would seem to suggest, as according to the Daily Wire, the number of jobs added in March was revised to a lower number.
On Friday, the Daily Wire cited a report from Bloomberg News which indicated that the increase of 916,000 jobs in the March jobs report has since been revised down to 770,000 jobs — a remarkable decrease and far from the good news Biden spent months promising the country.
Weak jobs report
The most recent jobs report is another obstacle for the struggling Biden administration — an administration facing an evolving crisis at the southern U.S. border that it can’t seem to control as well as a legislative agenda being held up by members of its own party.
The jobs report also includes a spike in the rate of unemployment among African Americans, as well as those without a college education. Meanwhile, the unemployment rate among Latinos remained flat.
Additionally, some 18,000 manufacturing jobs disappeared, and there were no employment gains made by construction workers. Overall, the unemployment rate increased to 6.1% and nearly 10 million Americans remain jobless.
According to the Bureau of Labor Statistics, the latest numbers “are down considerably from their recent highs in April 2020 but remain well above their levels prior to the coronavirus (COVID-19) pandemic.”
It noted that in February 2020, the unemployment rate was a mere 3.5% and just 5.7 million Americans were looking for work.
Biden’s spin
Biden hilariously attempted to slap a positive spin on the numbers, with the Daily Wire quoting him as saying that “there’s more evidence our economy is moving in the right direction.”
“This month’s job numbers show we’re on the right track,” Biden said, adding that his priority is “growing the nation’s economy and creating jobs.”
However, many on the right side of the political aisle had a far less rosy perspective, with Donald Trump Jr. tweeting, “Biden isn’t the next FDR he’s the next Jimmy Carter.”
Former Secretary of State Mike Pompeo chimed in as well, tweeting, “The April jobs report illustrates what we already knew — our America First administration was bringing jobs back and building the strongest economy we’ve had in decades. Biden’s big government economy is crushing jobs.”
The post Biden claims economy moving ‘in the right direction’ after jobs report numbers are revised down first appeared on Conservative Institute.
No comments: