Job growth was much lower than expected in August, while revisions over the previous two months indicate gaping holes in Kamala’s economy — as fears of a Kamala-induced recession continue to mount.
The economy added just 142,000 jobs in August — far lower than economists’ expectations — as the labor market continues its slowdown. The number of jobs reported in June has now been revised down on two separate occasions, a trend that has continued over 11 of the past 15 months.
The net job growth in August came largely from part-time employment, while full-time jobs “plummeted” — a clear sign Americans are in distress, economists say.
In fact, the number of people working part-time for economic reasons shot up by 264,000 in August alone — and 614,000 over the last year — as Americans struggle to make ends meet in Kamala’s economy. That’s the highest number since May 2021.
The economy lost 24,000 jobs in the manufacturing sector alone last month.
Things are great — if you’re not an American. Over the last 12 months, 1.3 million native-born Americans LOST employment, while 1.2 million foreign-born workers GAINED employment. As many as 768,000 native-born Americans LEFT the labor force, while 1.5 million foreign-born workers JOINED the labor force.
Just wait until Kamala raises taxes by $5 trillion and destroys the economy for good.
The only way back to prosperity is re-electing President Donald J. Trump in November. |
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Friday, September 6, 2024
Kamalnomics' Dismal Jobs Report: Sluggish!
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