FIRST-TIME JOBLESS CLAIMS HIT 412,000, JOB CREATORS NETWORK REACTS
The Department of Labor revealed the number of first-time unemployment claims was 412,000 last week.
“President Biden’s overly-generous unemployment benefits continue to slow our recovery, even while the number of job openings is at an all-time record. This weekend, eight states – Alabama, Idaho, Indiana, Nebraska, New Hampshire, North Dakota, West Virginia and Wyoming – will withdraw from federal unemployment benefit programs. This is on top of Alaska, Iowa, Mississippi and Missouri, which withdrew last weekend – the first states to do so. Altogether, 25 states are withdrawing from the programs early. This represents a strong rebuke of Biden’s left-wing agenda that is paying people to sit on the couch instead of rejoining the workforce. Meanwhile, inflation is accelerating, thanks to Biden’s record spending spree. Producer prices jumped 6.6% in May – an all-time record. JCN was the first to warn about Biden’s inflationary policies and compare Biden to Jimmy Carter. Secretary Yellen, in particular, deserves criticism for allowing inflation to creep into our economy after decades of relatively-stable prices. Price stability is one of Yellen’s top responsibilities as Treasury Secretary and she is failing miserably. The entire Biden Administration needs to do a course correction and it needs to do it now.”
In March, RealClearPolitics published Mr. Ortiz’s op-ed, Biden’s Presidency Is the Modern Version of Jimmy Carter’s. To read it, click here.
In April, JCN released a backgrounder, “Biden and the Democrats’ War on Small Business.” The backgrounder summarizes the Democrats’ job-killing agenda in four areas: taxes, the minimum wage, lockdowns, and the PRO Act. To read it, click here.