Joe Biden Puts a Happy Gloss on Disappointing Jobs Report
President Joe Biden attempted to put a happy gloss on today’s disappointing jobs report, touting the overall employment gains during his administration and stressing that the inflationary pressures Americans are currently experiencing are definitely not his fault.
The U.S. economy added 210,000 jobs in November, with much of that growth occurring in the warehousing, transportation, construction, and manufacturing sectors, according to a new report from the Bureau of Labor Statistics.
Jobs in retail declined, however. Overall, the unemployment rate fell by 0.4 percentage points to 4.2 percent.
The top-line numbers in the report are much lower than the 575,000 new jobs economists had been predicting. The Wall Street Journal reports that November’s numbers represent the lowest rate of job growth since last December and are significantly below the 546,000 jobs added in October.
This month’s jobs numbers could be revised upward, as past jobs reports have been. The president was quick to claim the job growth that did occur as a victory.
“This year we can reflect on an extraordinary bit of progress. Our economy is markedly stronger than it was a year ago, and today the incredible news that our unemployment rate has fallen to 4.2 percent,” said Biden at a White House press conference. “It’s a sign we’re on the right track.”
In addition to jobs, the president said that progress on persistent supply chain issues was being made, citing the statistic that the number of containers sitting for more than eight days at the ports of Los Angeles and Long Beach was down 40 percent over the past month.
“They’re getting off the docks, into trains, into trucks, into vehicles, to get them to store shelv
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