“Another Big Miss Here” – CNBC Shocked By Final 2021 Jobs Report. Clueless Biden Brags “It’s an Historic Day”

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Following the progressives failed attempt on Thursday to hype up the anniversary of the January 6th riots, President Biden went back out again on Friday blaming former President Trump for the “insurrection.”

In addition, in response to the huge miss in the December jobs report, the worst numbers in 2021, Biden was told to deflect from the missing 123,000 jobs and instead focus on the unemployment number as it doesn’t fully explain the state of the job market.

The unemployment rate has fallen far faster than anticipated as the virus has made hiring more complicated. It appears workers may be hesitant to return to in-person work because they fear infection or want to avoid masking and vaccination requirements.

Biden shuffled out to the podium, and in a low, near mumbling tone, tried to act excited in spite of the huge job numbers miss that is dominating the financial news networks. His handlers loaded the teleprompter with – “It’s an Historic Day”.

The jobs report comes just one week after it was revealed a record number of Americans ‘quit’ their jobs in November (or were forced out due to vax mandates).

CNBC reported the big miss:

The U.S. economy added far fewer jobs than expected in December just as the nation was grappling with a massive surge in Covid cases, the Labor Department said Friday.

Nonfarm payrolls grew by 199,000, while the unemployment rate fell to 3.9%, according to Bureau of Labor Statistics data. That compared with the Dow Jones estimate of 422,000 for the payrolls number and 4.1% for the unemployment rate.

Job creation was highest in leisure and hospitality, a key recovery sector, which added 53,000. Professional and business services contributed 43,000, while manufacturing added 26,000.

The unemployment rate was a fresh pandemic-era low and near the 50-year low of 3.5% in February 2020. That decline came even though the labor force participation rate was unchanged at 61.9% amid an ongoing labor shortage in the U.S.


Paris Dennard pointed out black unemployment continues to skyrocket under Biden-Harris.


Breitbart is also reporting

Economists had forecast 422,000 jobs and an unemployment rate of 4.1 percent, although this week’s report on private payrolls from ADP indicating that the private sector added 807,000 jobs had created some anticipation that the official figure would be higher than the consensus forecast.

Consumers in the U.S. spent heavily this year on Christmas gifts, pushing retail sales up 11 percent higher than 2019 in the traditional holiday shopping season beginning November 1. And lots of shopping took place earlier this year as consumers fretted that snarled supply chains would lead to shortages of goods. In anticipation of that, many businesses staffed up earlier in the year than is traditional.

The results can be seen in the jobs numbers. The economy added on 379,000 jobs in September and 546,000 in October, more than expected for each month. But much of that hiring appears to have been borrowed from the future, so to speak. In November, traditionally a big month for hiring, the economy added just 249,000 jobs.

The economy, immigration, and educational policies of the Biden administration are undergirded by progressives who, in line with the Great Reset, thus are leading our nation towards decline.

This is why deconstructing the federal government is crucial, but will be difficult.

Written By: Eric Thompson, host of the Eric Thompson Show.

Download my podcasts HERE

Follow Eric on his website ETTALKSHOW, and social media platforms, MAGABOOKTwellit & Twitter.   




This story syndicated with permission from Eric Thompson – Trending Politics

Notice: This article may contain commentary that reflects the author's opinion.

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