WORSE THAN EXPECTED: July Jobs Report Is Out…It's BAD News For Biden-Harris…Even Worse For Americans

Posted • August 2, 2024: Biden has bragged the economy is great. Historic! Most job growth ever! Wages keeping up or outpacing inflation! Right. It's all lies. June's numbers were bad, too, and July's are a disaster. JOBS REPORT: “MUCH WEAKER THAN EXPECTED.” Unemployment shot up to 4.3% — the highest since October 2021. Wow. US added just 114,000 jobs in July, unemployment rate hits 4.3% as interest rates take economic toll https://apnews.com/article/economy-jobs-unemployment-federal-reserve-inflation-22095766804d9c1532b4fcc29565be49 -- The U.S. economy suffered an unexpected setback in July, as hiring fell sharply and the unemployment rate rose for the fourth straight month as sustained higher interest rates take a toll on businesses and consumers. Friday’s report from the Labor Department showed that employers added just 114,000 jobs in July – 35% fewer than forecasters had expected – and that unemployment, now up to 4.3%, is the highest since October 2021.

“Things are deteriorating quickly,’’ said Julia Pollak, chief economist at the job marketplace ZipRecruiter. The news shook financial markets around the world. -- This is fine. We're sure it's fine. Everything is fine. We are headed for a recession thanks to Bidenomics. We're already there, probably. Small businesses have been feeling a recession for months, but the people shortage has produced a different kind of pain. People kept their jobs, but their personal economics didn’t keep pace. Almost 40% of adults are worried about making ends meet. https://twitchy.com/amy-curtis/2024/07/25/cnn-39-of-american-adults-are-worried-about-paying-their-bills-n2398828 -- The economic numbers have been a fabrication. Adjusted downwards later on. Every time. At some point reality catches up. And reality -- when it does catch up -- bites. Hard. Economy. Immigration. Crime. Incompetence. Corruption. Focus, people. Like a laser. (…)

• More at: Twitchy - WORSE THAN EXPECTED: July Jobs Report Is Out, It's BAD News for Biden-Harris (Even Worse for Americans)
https://twitchy.com/amy-curtis/2024/08/02/july-jobs-report-is-bad-n2399157
Twitchy: Bidenomics, Baby! The Pattern of Revising Job Numbers Continues As May, June Were Just LOWERED
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Twitchy: Just WOW: Do NOT Let Media Spin June Jobs Numbers Because the Reality Is NOT Good for America (OR Biden)
https://twitchy.com/samj/2024/07/05/about-those-jobs-numbers-last-month-government-n2398018