RNC Statement on May Jobs Report

WASHINGTON – Today, Republican National Committee (RNC) Chairwoman Ronna McDaniel released the following statement on the May jobs report:

“While Joe Biden is on his beach vacation, families cannot afford the most basic essentials. While real wages are down, gas prices are at record highs, inflation is skyrocketing, and parents can’t feed their kids. Biden has failed to offer any assurances to the families and small businesses his economic agenda is crushing, and he doesn’t seem to care.

Background:

• Today’s jobs report shows many Americans are being left behind as workers continue to see a real wages pay cut under Bidenflation.
  • Inflation ate up any wage gains in May, meaning workers’ paychecks are shrinking.
  • The U.S. economy added just 390,000 jobs, the fewest number added back in a year.
  • The unemployment rates for women, Black Americans, Black women, Hispanic Americans, and Hispanic women all increased.
• Biden inherited a robust recovery and is turning it into stagflation – even Biden’s own economists are warning of a recession.
• U.S. average gas prices hit a new record high today, having risen or stayed level every day for over a month.
• Biden’s baby formula shortage continues to worsen, with out-of-stock rates climbing to 74 percent nationally.