Today’s jobs report is out and it is not what economists were expecting by a long shot:
According to CNN, they were expecting a surge in employment based on last month of close to a million jobs, but only netted 266k. Instead of the unemployment rate continuing to tick down, it went up by 1% to 6.1%.
They say this is the worst miss since 1998:
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Romans notes that employers are saying they simply cannot find the workers, especially in the restaurant industry. And this is obviously because of high unemployment payments.
In fact South Carolina’s governor is terminating the addition that the state is providing in unemployment, in order to get people back into the labor force:
And on top of all of this, Christine Romans is also saying that massive inflation is coming across the board:
Wow this Biden economy is soaring isn’t it? Soaring right into the ground. But hey, who could’ve seen this coming?
One Never Trumper was complaining about the inflation this morning…
And he got an earful…
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