The Bureau of Labor Statistics (BLS) September jobs report once again exposes the harsh reality of Kamalanomics. Just in the last two months, America has lost at least 34,000 manufacturing jobs as the failed economic policies of Kamala Harris have disincentivized the growth of America’s job market, manufacturing, and economy.
KEY POINTS FROM THE JOBS REPORT:
- In September, the unemployment rate remained high, at 4.1%.
- Over the past 12 months, 825,000 native-born Americans lost employment, while 1.2 million foreign-born workers found jobs.
- There are over 6.8 million Americans who are unemployed which is up from a year ago at 6.3 million.
- The labor force participation rate remains well below pre-pandemic levels.
- In September, the labor force participation rates decreased for the following demographics:
- Women, 16 years and over.
- White women, 20 years and over.
- Black or African American women, 20 years and over.
- Asian Americans.
- Hispanic or Latino Americans.
- Hispanic or Latino men, 20 years and over.
- Hispanic or Latino women, 20 years and over.
- Since July of 2023 versus July of 2024, there has been a net zero job growth.
- 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 addition to these revisions, the August jobs report revealed the employment in June and July combined is 86,000 lower than previously reported.
- The Biden-Harris Administration deserves no credit for economic growth.
- Republican-led states are leading the way creating jobs and leading economic growth.
- The latest state jobs report shows that 16 of the top 20 states for jobs recovered since the coronavirus pandemic began are led by Republican governors, and 16 of the states have Republican-controlled legislatures.
- Nearly half of Americans consider themselves “broke.”
- Two-thirds of Americans report living paycheck-to-paycheck.
- Americans need a six-figure salary to afford a typical home in nearly half of U.S. states
- 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 20.3%.
- 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 66.2%.
- Motor vehicle insurance is UP 54.9%.
- Eggs are UP 53.8%.
- Gasoline (all types) is UP 45.8%.
- Motor fuel is UP 45.4%.
- Peanut Butter is UP 41.7%.
- Crackers are UP 40.0%.
- Motor vehicle repair is UP 39.5%.
- Transportation services are UP 38.6%.
- Flour is UP 37.2%.
- Sugar and Sugar Substitutes are UP 32.5%.
- Admission to sporting events is UP 32.0%.
- Electricity is UP 30.7%.
- Butter is UP 29.9%.
- Baby food and formula are UP 29.5%.
- Energy services are UP 29.3%.
- Uncooked ground beef is UP 27.7%.
- Bread is UP 24.2%.
- Pet food is UP 23.3%.
- Frozen fruits and vegetables are UP 23.3%.
- Lunchmeats are UP 22.8%.
- Breakfast cereal is UP 22.6%.
- Americans are spending $13,200 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 $384.47 – the Bureau of Labor Statistics adjusts to 1982-1984 dollars – meaning Americans have seen a 3.4% 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.