Biden’s Worst Jobs Report

THE WORST JOBS REPORT OF THE YEAR

The economy added back just 199,000 jobs in December, less than half the number of jobs economists had predicted.
- In four of the past five months, the economy has added far fewer jobs than expected.
- December’s jobs report was the worst of the year – with the fewest jobs added since Biden took office.
Biden is squandering the economic recovery he inherited, failing to “shut down the virus” as he promised.
- This data, which reflects a weak recovery, was collected before Omicron hit the economy, meaning the situation is likely even worse than the data reflects.
Under Biden, Americans are facing historically high inflation, with no sign of relief.

BIDEN CREATED A WORKER SHORTAGE WHILE MILLIONS ARE LOOKING FOR JOBS

Biden’s policies are creating a worker shortage at a time when many Americans are desperate to get back to work.
- There are more than 10.5 million job openings that businesses are struggling to fill– a near record high – even though there are 6.3 million unemployed Americans trying to find a job.
- 3.1 million workers were unable to work in December because their employer was closed or had lost business because of the pandemic.
- 49 percent of small business owners reported job openings they could not fill – more than double the 48-year historical average.

REPUBLICAN-LED STATES ARE DRIVING THE RECOVERY

Biden deserves no credit for jobs that have been created – he paid Americans not to work for months and stifled economic growth.
Republican-led states are the ones creating jobs and leading the economic recovery.
- Through November, 17 of the top 20 states for jobs recovered since the pandemic began are led by Republican governors.
- 16 of the top 20 states with the lowest unemployment rates are led by Republican governors.
Voters are flocking to Republican-led states, with populations growing in red states like Texas and Florida, while the populations of blue states like Illinois and New York are shrinking.
- Eight of the top ten hottest real estate markets are in red states.
Red states are also better for business, with Republican states making up nine of the top ten states for the best business tax climate.

FEWER JOBS, HIGHER PRICES

Key inflation indicators show higher prices are here to stay under Biden.
- November’s consumer price index rose by 6.8 percent compared to last year – the largest annual increase in 39 years.
- Producer prices have risen 9.6 percents ince last November, increasing at a record pace for eight months in a row.
- Personal consumption expenditures (PCE) rose 5.7 percent from last year, the largest spike in nearly 40 years.
Economists project that high inflation will last well into 2022, with consumer price spikes above the average over the past decade.
American workers and families believe inflation will keep making their paychecks worth less and less.
- According to a New York Federal Reserve survey, consumers expect prices to grow twice as fast as their wages this upcoming year.
On top of rising prices, there’s no relief in sight from the “snarled” supply chain crisis that’s happening on Biden’s watch.

BIDEN'S VACCINE MANDATE THREATENS WORKERS AND WILL WORSEN THE SUPPLY CHAIN CRISIS

On the same day of the worst jobs report of Biden’s presidency, his administration is fighting at the Supreme Court for his unconstitutional vaccine mandate that threatens the jobs and livelihoods of Americans across the country.
Biden’s mandate would affect more than 100 million Americans, stifle small businesses struggling with the supply crisis, and worsen labor shortages.
- Small businesses could face fines from nearly $14,000 all the way up to over $136,000.
Reports show that 72 percent of unvaccinated workers will leave their jobs if they are required to get vaccinated.
- This means up to 9 percent of current workers would leave their jobs.

DEMOCRATS’ PLAN: BUILD BACK BILLIONAIRES WITH A TAX CUT FOR THE RICH

This dismal jobs report is evidence that Biden lied to Americans when he signed a $1.9 trillion bill that he promised would spur economic growth and “shut down the virus.”
Now, Biden and Democrats are trying to ram through another bloated, multitrillion-dollarspending bill which even liberal economists have warned will lead to higher inflation and make life harder for middle-class and poor Americans.
The Democrats’ tax-and-spending spree will kill jobs, lower workers’ wages, and shrink the economy – with 80 percent of taxpayers will see their incomes reduced.
Meanwhile, Biden and Democrats’ plan would give the wealthy a massive tax cut by increasing the cap on the State and Local Tax (SALT) deduction.
Biden is lying to the American people when he claims this nearly two trillion dollar spending spree will “lower inflationary pressures on the economy.”
- Numerous economists have warned that more spending could lead to even higher inflation which will make life harder for poor and middle-class Americans.
Despite Biden’s claims, Build Back Broke is not fully paid for, with the CBO finding it would add $367 billion to the deficit.