Under the Biden-Harris leadership, Americans who were hoping for an economic recovery in the final weeks of 2024 did not receive the information they had hoped for on Friday.
According to a report by the Bureau of Labor Statistics ( BLS), the U. S. economy only added 12, 000 nonfarm payroll jobs during October. The world’s poverty rate remained “essentially constant” at 4.1 percent.
The agency detailed how” ]e ] mployment continued to trend up in health care and government” sectors, while job losses were reported in the “help services” sector. Additionally, there was a decrease in job growth in the manufacturing sector, which BLS attributed to” hit action.”
According to Fox Business, the 12, 000 full is” well below the 113, 000 get that was predicted by LSEG academics and the lowest score since December 2020″.
Similarly notable, however, is the company’s discovery that the total amount of nonfarm pay work for August and September were less than previously reported. According to BLS, August’s full “was revised down by 81, 000, from + 159, 000 to + 78, 000, and the shift for September was revised down by 31, 000, from + 254, 000 to + 223, 000”.
” With these adjustments, jobs in August and September combined is 112, 000 lower
]nonfarm pay work ] than previously reported”, the firm concluded.
The Biden-Harris government’s upward revision of career totals is never a new phenomenon. Results from a BLS annual research released in August revealed that the U.S. economy added 818, 000 more jobs between March 2023 and March 2024 than previously thought.
October’s work figures present an increasing concern for Kamala Harris ahead of Tuesday’s presidential election. Since becoming the Democrat candidate, the vice president has failed to distinguish herself from President Joe Biden and the laws enacted under their management, and she has frequently touted the side’s” Bidenomics” economic plan.
While speaking with CNN’s Dana Bash in August, for example, Harris declared that she was “very happy” of the government’s policies driving the government’s financial crisis. The comments came the same month The Federalist’s Jordan Boyd reported that” ]b ] asic goods and services , cost at least 20 percent more now , than they did when]Joe ] Biden and Harris first entered the White House”.
It’s worth noting that, contrary to Biden ‘s , repeated claims, many of the jobs” created” under his and Harris ‘ tenure are not new jobs, but those recovered following the Covid lockdowns.
Shawn Fleetwood is a student of the University of Mary Washington and a team author for The Federalist. He previously served as a condition content writer for Agreement of States Action and his work has been featured in various stores, including RealClearPolitics, RealClear Health, and Conservative Review. Following him on Twitter @ShawnFleetwood
