The Worst Jobs Report Of The Year

The Economy Added Less Than Half The Jobs Expected In September

THE WORST JOBS REPORT OF THE YEAR

• The September jobs report shows that Joe Biden continues to squander the economic recovery he inherited.
• The economy added only 194,000 jobs, less than half the number of jobs economists predicted.
  • This is the second month in a row the economy added far fewer jobs than expected.
• The Biden White House is actually proud of this failure, with Biden’s Chief of Staff Ron Klain shamelessly trying to spin that the worst jobs report of the year is “pretty good.”
• While Biden is failing to create jobs, Republican-led states are leading the economic recovery.
  • Through August, 16 of the top 20 states for recovering jobs from the pandemic are led by Republican Governors.

FAR FEWER JOBS THAN EXPECTED

• The economy added just 194,000 jobs in September, with women actually losing 26,000 jobs.
  • Economists said that anything below 200,000 would “prompt investors to question the health of the economy.”
• The labor force participation rate fell in September even though this is a time when millions of Americans want to return to work.
  • 183,000 workers dropped out of the labor force last month.
• Because of Biden’s failed policies, workers are still struggling to get their jobs back and businesses are struggling to hire, even though the economy has nearly 11 million job openings – a record high.
• 5 million workers still say they are unable to work because their employer is closed or has lost business because of the pandemic.

RED STATES ARE LEADING THE ECONOMIC RECOVERY, WHILE BIDEN AND DEMOCRATS HOLD IT BACK

• Republican Governors and legislatures are leading the recovery and are getting Americans back to work.
  • Through August, 16 of the top 20 states for recovering jobs from the pandemic are led by Republican Governors.
  • Out of the top 20 states with the lowest unemployment rates, 16 are led by Republican Governors.
• While Republicans are protecting workers and businesses from government overreach, Biden wants to force employers to require COVID vaccines – a mandate that many small businesses and workers do not have the money or legal resources to fight.
  • Biden’s mandate could worsen labor shortages in an already struggling economy.
  • One poll found that 7 in 10 unvaccinated workers would likely quit their jobs rather than adhere to the vaccine requirement.

BIDEN AND DEMOCRATS WANT TO SMOTHER THE RECOVERY

• At a time when workers and businesses are getting back on their feet, Biden wants to smother the recovery with trillions in new spending.
  • 51 percent of small business owners reported job openings they could not fill, a new record high for the second month in a row.
• Democrats’ $3.5 trillion tax-and-spending spree will kill jobs, lower workers’ wages, and shrink the economy.
• Under this spending spree, families who earn just $50,000 a year will pay more in taxes, breaking Biden’s pledge to not raise taxes on anyone earning less than $400,000 per year.
  • Overall, Democrats’ spending spree would raise taxes by $2.9 trillion, the largest tax hike in decades.
• Even liberal economists like Obama advisor Larry Summers warn “the inflation risk is real” with this type of reckless spending.

BIDENFLATION IS HURTING WORKERS, FAMILIES, AND SMALL BUSINESSES

• As American workers and small businesses are still struggling to recover, families are facing rising prices for everyday goods.
  • According to Biden’s favorite economist, Mark Zandi, the real cost of Biden’s inflation crisis is an extra $175 a month for the average American household – that’s an extra $2,100 a year.
  • Rapidly rising prices for everyday goods have completely swamped any wage growth for workers.
  • Taking inflation into account, wages have fallen over the last year. 
• In August, consumer prices rose by 5.3 percent.
  • Core consumer prices rose by 4 percent – the highest spike since 1991. 
• Producer prices rose 8.3 percent, the fifth month in a row the index increased by a record amount.
  • Core producer prices also increased by a new record high, up 6.3 percent from a year ago. 
• Economists forecast that if nothing changes, rising prices are “here to stay for years.” 
• Now is not the time for Biden and Democrats’ trillions in reckless tax hikes and new spending, which would create even more inflation.