Shortly after Friday's anemic jobs report came out, the stock market tumbled, recession fears rose, and the Biden-Harris administration issued another Pollyannish report about how great the economy is doing - this time with bigger and bolder lies.
Not only did just 114,000 jobs get created in July, which was well below economists' expectations, but the jobless rate went up for the fourth consecutive month to 4.3% as 352,000 joined the unemployment lines.
While 114,000 jobs were created in July, for example, just 67,000 people said they got jobs.
Then there's the fact that during the alleged Biden-Harris jobs boom, the number of unemployed has climbed 1.3 million since last July.
"Since Vice President Harris and I took office, our economy has created nearly 16 million jobs" - FALSE. As we have pointed out countless times in this space, Biden-Harris are crediting themselves with "Creating" jobs that were simply replacing ones lost during the COVID-19 lockdowns.
" average unemployment has been lower than during any administration in 50 years " - GROSSLY MISLEADING. The official unemployment number can be almost completely unreliable if you fail to consider the fact that it counts only those who are actively looking for jobs as unemployed.
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https://issuesinsights.com/2024/08/05/lousy-jobs-report-brings-out-the-worst-in-biden-harris/
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