U.S. Economy Takes Massive Hit With Biden Presidency

Joe Biden: It Will Take Ten Years to Get Full Employment at Current Job Growth Rate

By Breitbart. President Joe Biden sounded a dark note on the future of the economy Friday, after a bleak jobs report came out.

The United States economy added 49,000 jobs in December with only 6,000 jobs in the private sector, according to the latest report released Friday morning.

“At that rate, it’s going to take ten years to get back to full employment,” Biden said. “That’s not hyperbole, that’s a fact.” (Read more from “Joe Biden: It Will Take Ten Years to Get Full Employment at Current Job Growth Rate” HERE)

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U.S. Economy Adds 49,000 Jobs in January — a Grim Sign for the Jobs Recovery

By CNN Business. America’s jobs recovery has lost steam: Even though 49,000 jobs were added in January, the nation is still down nearly 10 million jobs since before the pandemic.

Friday’s January jobs report also showed that the unemployment rate fell to 6.3%, beating economists’ expectations, marking the first decrease in two months.

The return of some jobs and a lower unemployment rate are definitely good news. But the US labor market needs great news to get out of this crisis. (Read more from “U.S. Economy Adds 49,000 Jobs in January — a Grim Sign for the Jobs Recovery” HERE)

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