Biden ignores disappointing December jobs figure, focusing instead on unemployment decline

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Biden ignores disappointing December jobs figure, focusing instead on unemployment decline

President Joe Biden speaks from the State Dining Room of the White House in Washington, Friday, Sept. 3, 2021, on the August jobs report. ((AP Photo/Susan Walsh))

President Biden on Friday glossed over weak job growth in December that marked the worst month for hiring in a year, instead focusing on a surprise decline in the nation’s unemployment rate.

The Labor Department reported Friday morning that private businesses and other employers added just 199,000 new jobs in December, well below the 400,000 gain forecast by Refinitiv economists – a troubling sign that hiring slowed even before the highly contagious omicron variant began rapidly spreading across the nation.

WHERE ARE SURGING CONSUMER PRICES HITTING AMERICANS THE HARDEST?

But other aspects of the report painted a brighter outlook. The unemployment rate unexpectedly plunged to 3.9% from 4.2%, indicating that more Americans found jobs last month than the report suggested, and

Reich Slams US Unemployment Payment Minimize, Other Progressives Peaceful

Former Labor Sec. Robert Reich criticised lawmakers for ending improved unemployment gains.
The slice of the weekly $300 payments came on Labor Working day, hitting around 9 million folks.
The White Dwelling argued it was time to end the payments, and number of lawmakers opposed it.

Previous US Labor Secretary Robert Reich criticized lawmakers for allowing improved positive aspects for these unemployed throughout the COVID-19 pandemic to expire as of Labor Day.

The increased $300 a 7 days unemployment payments ended Monday, with about 9 million People impacted by the benefit minimize, according to the Century Basis.

“Welcome to America, in which lawmakers chose to kick 9 million jobless Americans off unemployment advantages on Labor Day, for the duration of a world-wide pandemic,” tweeted Reich.

He served as Labor secretary from 1993-1997, through the presidency of Monthly bill Clinton, and is a notable commentator on

7.5 Million Workers Eliminate Their Unemployment Advantages Nowadays

Right now, about 7.5 million People are set to reduce their unemployment rewards.
The conclude of federal pandemic-era unemployment marks just one of the biggest fiscal cliffs ever.
Numerous workers say it truly is far too early as Delta rages, but federal and neighborhood governments are not stepping up.

These days, at least 7.5 million Us residents are established to shed all of their federal unemployment gains. That slash-off will be just one of the greatest shutdowns of federal benefits in the very last 20 yrs.

Amongst the packages ending are Pandemic Unemployment Help (PUA), which expanded eligibility for positive aspects to gig personnel and self-employed workers amid many others. A different is Pandemic Emergency Unemployment Compensation (PEUC), which gives added benefits just after staff have fatigued the months their point out provides.

Last but not least, there’s Federal Pandemic Unemployment Compensation (FPUC), which presents employees

Modest-organization owners anxiety eviction moratorium, improved unemployment added benefits could exacerbate selecting woes

Previous Secretary of Housing and City Advancement Dr. Ben Carson criticizes the federal eviction moratorium for its adverse affect on the overall economy.

As personal sector employment advancement has showed symptoms of a slowdown in July, some compact-business enterprise proprietors worry that the continuation of COVID-19 help from the federal authorities, which includes the renewed eviction moratorium and enhanced unemployment added benefits, will only even more exacerbate the employing challenges created by the latest labor shortage.

In accordance to the Committee for a Dependable Federal Budget’s COVID income tracker, the federal govt has expended at minimum $4.5 trillion in COVID-associated funding as of Aug. 2, which includes $633 billion in unemployment rewards and $46.6 billion in rental assistance.

BIDEN ADMINISTRATION’S NEW EVICTION MORATORIUM MOVES US To ‘TOTALITARIAN-Form GOVERNMENT’: BEN CARSON

“I think [the eviction moratorium] is just likely to lengthen the current position quo of people today not seeking