On Friday, Joe Biden addressed the August jobs report, which demonstrated a drastic decline in economic health. He was posed with difficult questions regarding the state of the economy, however, he evaded providing clear answers.
Unemployment rose to 3.8% in August, unexpectedly. Nonfarm payrolls increased by 187,000 in August; however, this number is subject to revision by the Biden Administration next month.
The unemployment rate rose sharply in August, as the summer of 2023 neared a close with a job market in slowdown mode.
Nonfarm payrolls grew by a seasonally adjusted 187,000 for the month, above the Dow Jones estimate for 170,000, the U.S. Bureau of Labor Statistics reported Friday.
However, the unemployment rate was 3.8%, up significantly from July and the highest since February 2022, and nonfarm payrolls estimates for previous months showed sharp downward revision. That increase in the jobless level came as the labor force participation rate rose to 62.8%, the highest since February 2020, just before the Covid pandemic declaration.
A more encompassing unemployment measure that counts discouraged workers as well as those working part-time for economic reasons jumped to 7.1%, a 0.4 percentage point increase and the highest since May 2022.
CNBC’s Rick Santelli voiced strong disapproval of the Biden Administration’s substantial revisions to payrolls.
WATCH:
CNBC's Rick Santelli on the jobs report: "The deterioration is large. The significantly large revisions make me nervous….how much we've slowed over the last several plus months." pic.twitter.com/FT5t2LnOXD
— RNC Research (@RNCResearch) September 1, 2023
When reporters posed questions about why so many Americans are living paycheck to paycheck, and the pay-to-play/bribery scandal involving his son Hunter, Biden turned away without providing a response.
This raises further questions as to why Biden should be paid a $400,000 annual salary while the rest of the country continues to suffer under his economic policies.
“Why are so many Americans living paycheck to paycheck?”
“Why did you interact with so many of your son’s foreign business partners?”
“Will you give your bank records to Congress?”
Watch:
Biden walks away as he is being asked:
"Why are so many Americans living paycheck to paycheck?"
"Why did you interact with so many of your son's foreign business partners?"
"Will you give your bank records to Congress?" pic.twitter.com/BKZwqMWVem
— Greg Price (@greg_price11) September 1, 2023
Under the Biden administration, the US economy has suffered greatly. Inflation, unemployment and living paycheck to paycheck are all issues that have plagued citizens.
Additionally, Americans lack sufficient savings and are struggling with credit card debt; this has resulted in the nation becoming a debtor.
The Biden administration with the ever so evil Obama and Soros in the background with the blessing of the DOD and DOJ are ramping up the destruction of America’s “formerly greatest system of government” in the world; all of this in Satan’s playbook!
Pray like you never prayed before folks and I mean it; please build your faith each day!
Matthew 16:23-24 “But Jesus turned and said to Peter, “Get behind Me, Satan! You are a stumbling block to Me. For you do not have in mind the things of God, but the things of men.” 24Then Jesus told His disciples, “If anyone wants to come after Me, he must deny himself and take up his cross and follow Me.”
And Amen!
And another Amen !!
“Bidenomics” is anything and everything that is convenient for DemoSocialists at any given moment. As an example, it is convenient to tout Bidenomics as the greatest job creation engine in history simply because government allowed people to return to their jobs after the useless Covid lockdown.
Yes all smoke and mirror trickery! Same way the Biden Crime Family had shell companies set up by Hunter to funnel foreign kickback money into the Biden organized crime racket. The money goes through the shell companies (fake) but then the Big Guy gets his Big Cut in other ways later!
Joe Biden is, without question, the worst POTUS in American history. We cannot possibly get this feckless grifter out of office quickly enough.
Three words: elections have consequences!
Hey how about some truthful news like turn the camera around and show how many people are actually listening to these slime balls…might make presidential elections a little more believable..or are you afraid people will know the truth..elections are installments by the deep stink in Washington
Of course elections in America have been rigged for many years! They run in the races who they want to install too, it’s become one big con or snow-job! California has been one of the worst with all of their ballot harvesting and how else would something like useless Maxine Waters whose as corrupt as they come and born in 1938 being in that office since 1991! Now there is a clear cut case why term limits should be mandatory she’s done nothing of any value other than to enrich herself, her husband and family! And why is Gavin Newsom Pelosi’s nephew the governor of California; he’s as corrupt and phony as they come, oh right Pelosi must have pulled the right strings, that’s why that loser is running that state into the ground; it’s never been as bad off as it’s been since he took that position!