Today, the U.S. Department of Labor released its monthly jobs report. The US economy added 199,000 jobs in December. The unemployment rate fell from 4.2% to 3.9%. The labor force participation rate was unchanged at 61.9% but remains 1.5% lower than in February 2020. Employment continued to trend up in leisure and hospitality, in professional and business services, in manufacturing, in construction, and in transportation and warehousing.
“Another huge miss. Nearly a full year into the Biden Presidency, there are still about 3.8 million Americans who had a job pre-Covid who don’t have one now. Meanwhile, there are a near-record 11 million job openings, as small business owners struggle to recruit workers to come off the sidelines. The reason for this disaster is simple: Biden’s destructive economic policies are killing the American work ethic, while making it harder for small businesses to recoup the losses they experienced during Covid. Only 10 percent of small businesses are fully recovered from the pandemic, according to a JCN Foundation small business poll. Yet, Biden and the Democrats continue to push for more taxes, more spending, and more mandates. Today, the Administration’s most destructive mandate – the vaccine requirement for private employers with 100 or more employees – will be put to the test at the Supreme Court. JCN was the first small business advocacy group to sue the Administration over the mandate and we were the first to petition the Supreme Court. If the nation’s highest court strikes down the mandate, as we hope and expect, it will be a historic win for the small business community, preserve potentially millions of jobs, and give small business owners the confidence they need to make 2022 a better year than Biden’s disastrous first year.”
Last week, Breitbart published Mr. Ortiz’s op-ed, Biden’s Year-End Whopper on the Economy and a New Year’s Resolution for a Pro-Small Business Congress. To read it, click here.
To learn more about JCN’s lawsuit against the Administration, click here.