KAMALANOMICS BY THE NUMBERS:
- In August, it was announced that 818,000 jobs that the Harris-Biden Administration claimed to have created aren’t there.
- The BLS revised down its total tally of jobs created from March 2023 through March 2024 by 818,000.
- This included 115,000 manufacturing jobs.
- The revision is the largest in 15 years.
- In July, the United States added just 114,000 jobs significantly lower than the 175,000 that economists had predicted.
- In July, the unemployment rate increased to 4.3%, the highest rate of unemployment since October 2021.
- In the past year, there has been net zero job growth.
- Since July of 2023 versus July of 2024, there has been a net zero job growth.
- Over the past 12 months, 1.2 million native-born Americans lost employment, while 1.3 million foreign-born workers found jobs.
- Since July 2023, the number of people working multiple jobs has skyrocketed by 311,000.
- In July, the labor force participation rates decreased for the following demographics:
- Black Americans
- Black American teenagers
- Asian Americans
- Latino Americans
- Latino American men 20 years and older
- Latino American teenagers
- Inflation is a tax on ALL Americans.
- When Joe Biden and Kamala Harris took office, inflation was at just 1.4%.
- Since Biden and Harris took office, inflation has risen by 20.2%.
- Americans are paying more for just about everything because of inflation since Biden and Harris took office:
- Food at elementary and secondary schools is UP 65.5%.
- Motor vehicle insurance is UP 54.3%.
- Margarine is UP 52.9%.
- Lodging away from home including hotels and motels is UP 51.2%.
- Gasoline (all types) is UP 49.9%.
- Motor fuel is UP 49.5%.
- Eggs are UP 46.8%.
- Peanut butter is UP 42.8%.
- Crackers are UP 40.3%.
- Transportation services are UP 38.5%.
- Motor vehicle repair is UP 37.7%.
- Flour is UP 37.4%.
- Admission to sporting events is UP 33.7%.
- Sugar is UP 31.4%.
- Energy services are UP 30.3%.
- Baby food and formula are UP 30.1%.
- Delivery services are UP 29.7%.
- Veterinarian services are UP 29.6%.
- Uncooked ground beef is UP 26.3%.
- Laundry and dry cleaning services are UP 25.5%.
- Poultry is UP 24.4.%.
- Bread is UP 24.3%.
- Pet food is UP 23.8%.
- Frozen fruits and vegetables are UP 23.8%.
- Breakfast cereal is UP 22.3%.
- Americans are spending over $13,000 more annually to buy the basics because of Kamalaflation, compared to three years ago.
- Real wages remain lower than when Biden-Harris first took office.
- Inflation-adjusted average weekly earnings were $397.90 when Biden-Harris took office and are now $382.54 – the Bureau of Labor Statistics adjusts to 1982-1984 dollars – meaning Americans have seen a 3.9% decrease under Biden-Harris.
- Kamalaflation outpaced wages for a majority of Biden’s presidency – both year-over-year real average hourly earnings and real average weekly earnings were negative for 25 months.
- Interest rates have remained at a 23-year high.