The July jobs report from the U.S. Bureau of Labor Statistics (BLS) showed that the United States added just 114,000 jobs during the month, causing the unemployment rate to spike to 4.3% which is the highest rate of unemployment since October 2021. 
 
Ahead of the report, economists had predicted that there would be 175,000 jobs added in July and the unemployment rate would hold at 4.1%. But the weaker-than-expected July jobs report has sparked fears of an imminent recession. The report showed that in the past year, there was net zero job growth, an “absolutely clear” sign that “the economy is slowing down.”  
 
MAKE NO MISTAKE: The July jobs report is just the latest sign that Kamalanomics continues to fail the American people. House Republicans know that in order to grow our economy, we must stop Kamala Harris and Far Left Democrats’ out-of-control government spending and return to President Trump’s pro-growth economic agenda, which lifted nearly 7 million Americans off food stamps, created rapid wage growth, millions of new jobs, and an economy that all Americans benefited from. 
 
KAMALANOMICS BY THE NUMBERS: 

• 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's 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 20.1%. 
• Americans are paying more for just about everything because of inflation since Biden and Harris took office: 
  • Motor vehicle insurance is UP 52.9%
  • Home insurance is up 52.9% 
  • Gasoline (all types) is UP 48.7%
  • Motor vehicle repair is UP 40.1%
  • Eggs are UP 38.9%
  • Admission to sporting events are UP 33.7%
  • Airline fares are UP 32.0%
  • Baby food and formula are UP 30.5%
  • Delivery services are UP 28.9%
  • Cigarettes are UP 27.3%
  • Pet services including veterinary are UP 27.2%
  • Financial services are UP 26.2%
  • White bread is UP 25.4%
  • Uncooked ground beef is UP 24.7%
  • Checking account and other bank services is UP 24.5%
  • Frozen fruits and vegetables are UP 23.9%
  • Pet food is UP 23.8%
  • Chicken is UP 23.7%
  • Lunchmeats are UP 22.9%
  • Eating out is UP 22.7%
  • Breakfast cereal is UP 22.3%
  • Public transportation is UP 22.3%
  • Rent of primary residence is UP 21.5%
  • Groceries (Food at home) are UP 21.3%
  • Hospital services are UP 14.7% 
• Americans are spending over $13,000 more annually to buy the basics because of Bidenflation, compared to three years ago.
• June was the 39th straight month with inflation at or above 3%.
• Real wages remain lower than when Biden and Harris first took office.
• Inflation-adjusted average weekly earnings were $397.90 when Biden took office and are now $381.34 - the Bureau of Labor Statistics adjusts to 1982-1984 dollars - meaning Americans have seen a 4.1% decrease under Biden and Harris.
• Bidenflation outpaced wages for a majority of Biden and Harris’ Administration – both year-over-year real average hourly earnings and real average weekly earnings were negative for 25 months.
• Under Biden and Harris, the mortgage rate climbed to over 7% nationally, and housing affordability has plummeted to record lows.