Today, the U.S. Department of Labor released its monthly jobs report. The US economy added only 235,000 jobs in August, far below expectations. Although the unemployment rate fell from 5.4% to 5.2%, the labor force participation rate remained unchanged at 61.7%. The main sectors of growth were professional and business services, transportation and warehousing, private education, manufacturing, and other services.
“There are still about 5.5 million Americans who had a job in February 2020 who don’t have one now. We should be seeing stronger job growth, especially with the percentage of Americans fully vaccinated rising to 64%. The Democrats’ overly-generous unemployment benefits have created a nationwide worker shortage – with 10.1 million job openings, an all-time record. The nationwide worker shortage is a Democrat-caused disaster, and so is rampant inflation. The worst inflation in 30 years is a direct result of the Democrats’ spending spree and the ‘Biden pay cut’ will get even worse if Democrats succeed in passing their $3.5 trillion ‘human infrastructure’ bill. That is why JCN is relaunching our national Bring Small Businesses Back Bus Tour on Wednesday, September 8. Our four-week, eight-state bus tour is a direct response to the Democrats’ ‘War on Small Business’ and will advance a positive vision for small business growth and opportunity for all.”
To see photos of the bus and the full bus tour schedule, click here.