Posted on 09/03/2021 8:30:21 AM PDT by DFG
The U.S. job market saw hiring slow to 235,000 jobs in August, a sharp drop off after two strong months with the Delta variant of the coronavirus to blame.
Still, President Joe Biden said it represented good news.
'What we're seeing is an economic recovery that is durable and strong. The Biden plan is working, we're getting results,' he said at the White House Friday morning.
The unemployment rate dropped to 5.2%, the Labor Department reported Friday, but the predictions for the job market failed to meet expectations by a significant margin.
'There's no question that the Delta variant is why today's jobs report wasn't stronger,' Biden said.
Economists surveyed by Dow Jones had been looking for 720,000 new hires.
Biden addressed the job numbers in a speech at the White House on Friday before heading to New Orlands to view the damage from Hurricane Ida.
Biden used much of the speech to press Congress to pass his $3.5 trillion spending package, which moderate Democratic Sen. Joe Manchin told party members Wednesday they should take a 'pause' on.
Manchin voiced concerns about inflation, while Biden talked about how the plan would be paid for: by taxing corporations.
'The fact of the matter is, it's about time they being to pay their fair share,' Biden said.
He cited how 55 of America's largest corporations paid zero in federal taxes.
(Excerpt) Read more at dailymail.co.uk ...
I agree. It’s all part of the Plan©️. The XiJinBiden plan is working according to schedule, perhaps ahead of schedule. By 2030, per the World Economic Forum, “You will own nothing and by happy”. XiJinBiden is trying to push the first part.
Biden talking about the economy with Americans trapped behind enemy lines, Americans he abandoned.
This article is nothing more than a syllabus for the media’s next few weeks.
That’s what he said. . .the plan to destroy America per China’s instructions is working. Ditto with the catastrophe in Afghanistan.
Hey Joe:
There is no “plan”.
Things aren’t “working”.
And you are a senile old man.
Thanks, you made me laugh today!
UNEMPLOYMENT rates will be interesting when the Federal Stimulus extra $600 weekly is gone on Sept 6.
Operation Change the Subject is well underway. Too bad the news isn’t very good anywhere for Dementia Joe.
WAIT until the corporation returns show millions in LOSSES..
I don’t know how Trump’s tax changes affected Loss Carry Forward rules...but the losses are real.
How many cars & trucks are sitting in MFGS lots waiting for chips to sell them/ Last I heard—well over a million.
Layoffs at auto plants are getting worse.
Trump was totally correct about making SURER that chips were made here-—NOT in China.
There is a Biden Plan?
Oh, that must be what thy call The Communist Manifesto nowadays.
They just can't tax and spend enough. Amazing he has time for this in between his continuous blunders.
Bingo.
From paragraph 7 of article posted here, if anyone read that far - where is New Orlands?
Proving once again that there is no such thing as a Democrat who knows ANYTHING about economics.
Inflation is now and always has been the result of government spending.
STOP the drugs & people will no longer be spending $$$ on drugs & might be employable.
Weakness is strength. Bidet is a genius.
5.2% unemployment rate my a$$
Save that clip. “The Biden Plan”, right? It’ll make a marvelous political advertisement for the Republicans by ‘24.
And the perception is that the Afghan Army is durable and strong.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.