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 ...
“...Up is down.
Down is up.
Right is left.
Left is right.
War is peace.
Ignorance is strength.
Freedom is slavery.......”
A few of the many symptoms of the chronic, no-cure, mental disease known as liberalism. Trying to continue to co-exist with the mentally ill is unsustainable.
“I suspect its more related to the free money the government is paying people to stay home.”
if you’re referring to the expanded unemployment or PUA programs. Those have ended and there hasn’t been much effort to extent them.
There are at least 1 million open positions in small business alone.
But it pays better to stay home and get drunk.
And you don’t even have to pay the rent.
Has Uncle Joe said when someone would create a test for the Delta variant?
Expanded unemployment has indeed ended. The eviction moratorium is also ending, and millions of renters will soon be on the street. Then the Biden economy will be in full bloom.
/sarc
If this is even REMOTELY true, then when Mother Government cuts off the Unemployment Cash Cow next week, our economy should instantly rocket to the moon!
*SMIRK*
We are in for hard times, no matter what. Plan accordingly.
Only foreign media reports the truth.
So they pay no payroll taxes for any of their millions of employees?
“They won’t go back to work until the gravy train ends.”
And if I personally know of three completely employable people that have been working for CASH on the side for the duration of CovidBS-19 shutdowns while riding this Gravy Train, then there are tens of thousands more doing the same.
Hadn’t thought about that. Good point!
It makes me crazy.
Can’t get a damn thing done.
Also, liability for employers has not been lifted so if an employee says they feel ill during a health check when starting their day, the same are sent home for 10 days PAID.
Even the ones with jobs are milking the system.
But, are they paying their rent with their Covid Cash?
NO! They’re buying New T.V.s again.
How many T.V.s do people burn through in a year!?!?!?
Sorry for unloading.
I have building projects that still haven’t begun now we have to wait until spring again.
- Joe Stalin
“ STOP the drugs & people will no longer be spending $$$ on drugs & might be employable.”
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The people that are the main problem are the people that were employed but went on some kind of Leave of Absence due to Covid.
Why did they leave a job to chill at home?
Because they’re making more or the same from Unemployment.
$1,300 plus Tax Free every 2 weeks. $50,000-$60,000 a year TAX FREE plus extra stimulus checks every now and then.
People that made $25,000-$48,000 stopped working.
How does one collect unemployment by not going to their job? Not fired, but didn’t quit either?
Beats me, ask Gretchen Whitmer…….the Idiot Governor.
Druggies were always around, this is a new and improved type of Social Sickness.
Go to the DM link and read some of the comments. Good to know that there are many others out their who see this dull, decrepit monster for what he is.
And I insist that you resign, Mr. Demented.
“He cited how 55 of America’s largest corporations paid zero in federal taxes.”
As if he wasn’t in Congress for the past umpteen years and was not responsible for writting, or voting for, the tax laws.
The Dems have created a society where people who sit on their behind at home get paid more than if they actually went to work..which is why Dems want more of it, the more people dependent on Govt, the more likely they will all vote Dem
I feel your pain! I was managing a multi-million dollar enterprise when ‘0bamacare’ hit us.
THAT was a logistical and financial nightmare trying to KEEP good employees while taking AWAY their benefits and reducing their hours!
Congress, and most politicians in general, are 100% CLUELESS as to how the Real World works. Or, DOESN’T WORK when they’re mucking up the gears!
Grrrr!
We are hiring and can’t get or keep people. People are job hopping like mad. It’s like that all over metro ATL.
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