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Under Kamalanomics, Americans And The Job Market Are Being Crushed

The Bureau of Labor Statistics (BLS) October jobs report once again highlights how Kamalanomics continues to crush Americans. The abysmal report missed expectations with only 12,000 jobs created last month out of an expected 100,000 and nearly 50,000 manufacturing jobs lost. The unemployment rate remains high at 4.1%. October posted the smallest gain since 2020. The failed Far Left economic policies of the Biden-Harris Administration have crippled a once thriving economy. 
 
MAKE NO MISTAKE: Despite attempts to cover up their failures, the American people are smart and know Kamala Harris and Joe Biden created today’s economic crisis. 
 
KAMALANOMICS BY THE NUMBERS:
  • In October, the unemployment rate remained high, at 4.1%.
  • In October, over 46,000 manufacturing jobs were lost, and the private sector lost 28,000.
  • Prior job gains for August and September were revised down by 112,000.
  • There are 7 million Americans who are unemployed which is up from a year ago at 6.4 million.
    • The labor force participation rate remains well below pre-pandemic levels. 
    • The number of permanent job losers edged up to 1.8 million in October.
  • Job creation in October slowed to its weakest pace since late 2020. 
  • October posted the smallest job gain since December 2020.
  • 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.
  • Inflation is a tax on ALL Americans. 
  • When Joe Biden and Kamala Harris took office, inflation was at just 1.4%.
  • Since Joe Biden and Kamala Harris took office, inflation has risen by 20.5%.
  • Americans are paying more for just about everything because of inflation. Since Biden and Harris took office: 
    •  Food at elementary and secondary schools 69.7%
    •  Eggs are UP 69.2%
    • Motor vehicle insurance is UP 56.5%
    • Admission to sporting events is UP 46.4%.
    • Lodging away from home including hotels and motels is UP 42.4%.  
    • Gasoline (all types) is UP 38.4%.  
    • Baby food and formula are UP 31.0%
    • Veterinarian services are UP 29.9%
    • Cookies are UP 29.1%
    • Uncooked ground beef is UP 28.2%
    • Bakery products are UP 27.2%
    • Chicken is UP 25.0%
    • Airline fares are UP 24.5%
    • Bread is UP 23.9%
    • Pork chops are UP 23.0%
    • Lunchmeats are UP 22.3%.  
    • Milk is UP 16.2%.  
  • Americans are spending $13,300 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 $384.29 - 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.
  • 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