In September, the U.S. economy added just 194,000 jobs falling well short of the 500,000 jobs economist expected. The September jobs report is the worst of Joe Biden’s presidency and just the latest sign that Biden’s economic crisis continues to rage on.
The healthcare and education sectors of the economy saw some of the largest job losses, which are likely because of Democrats’ authoritarian vaccine mandates.
BIDEN’S ECONOMIC CRISIS BY THE NUMBERS:
- In September, the U.S. economy added just 194,000 compared to the 500,000 economists expected.
- CNN called the report ” another disappointment” after the disappointing August jobs report, while USA Today called it just “disappointing.”
- This is the worst jobs report of Joe Biden’s presidency.
- The labor force participation rate fell to 61.6% in September.
- The Labor Force Participation Rates decreased for the following demographics: Women, Black Men, Black Women, Hispanic Women, those with only a high school education, and those with some college.
- Women LOST 26,000 jobs in September.
- Local government education LOST 144,000 jobs in September.
- Nursing and residential care facilities LOST 38,000 jobs in September.
- Private education LOST 19,000 jobs in September.
- Healthcare LOST 18,000 jobs in September.
- State government education LOST 17,000 jobs in September.
- Food and beverage stores LOST 12,000 jobs in September.
- Hospitals LOST 8,000 jobs in September.
- The September jobs report comes at a time when inflation is at a 30-year high and Americans’ real income is falling.
- According to Moody’s Analytics, households earning the U.S. median annual income of about $70,000, the current inflation rate has forced them to spend another $175 a month on food, fuel, and housing.
Instead of getting America back to work, President Biden and Democrats’ Far-Left Socialist policies are incentivizing millions of Americans to stay out of the workforce. These same policies are also fueling inflation which is at levels not seen since the Carter administration. This means Americans are making less while paying more for just about everything.