- Watch The JD Rucker Show every day to be truly informed.
The U.S. unemployment rate increased in August, reaching the highest number since February 2022, according to a Bureau of Labor Statistics report released Friday.
“There’s no question about it now: The labor market is weakening,” Alfredo Ortiz, chief executive officer and president of the Job Creators Network, said in a statement.
“August marks the third consecutive month with fewer than 200,000 jobs created,” he added.
“Prior months’ job creation numbers were also massively revised down by 110,000 in a trend that is becoming commonplace. And real wages grew slower than core inflation, continuing the nation’s decline in living standards,” Ortiz also said.
The U.S. economy added 187,000 jobs and the unemployment rate increased to 3.8% in August, the bureau reported.
Payroll employment increases by 187,000 in August; unemployment rate rises to 3.8% https://t.co/ZwrVfLviqL #JobsReport #BLSdata
— BLS-Labor Statistics (@BLS_gov) September 1, 2023
“Given the challenges facing American small businesses, which create two-thirds of new jobs, this labor market weakness is no surprise. Small businesses are facing a one-two punch of high inflation and high interest rates due to Bidenomics,” Ortiz said.
He blamed President Joe Biden and Democrats in Congress:
President Biden and Congressional Democrats are directly responsible for this difficult economic environment due to their reckless spending and anti-energy industrial policy.
To overcome these challenges and allow small businesses to broadly hire and raise real wages again, Congress should advance legislation that implements the American Small Business Prosperity Plan, a pro-growth policy playbook that reduces inflation, increases access to credit, and improves the American small business environment.
EJ Antoni, a research fellow for regional economics in the Center for Data Analysis at The Heritage Foundation, also weighed in on Friday’s report. (The Daily Signal is Heritage’s multimedia news organization.)
“Not only is the labor market slowing down, as expected, but previous data was overly rosy in their estimation. Every single month this year has seen its payroll numbers revised down,” Antoni told The Daily Signal in a statement. “It’s difficult to stress how unusual this is as it’s so statistically unlikely. There is clearly something wrong with the estimations being done by President Joe Biden’s Department of Labor.”
Terrible numbers in Aug #JobsReport and it gets worse with the increasingly suspicious "revisions"…
Here's a deep-dive, plain English 🧵 with what you need to know… pic.twitter.com/3Pdba7u1gb— E.J. Antoni, Ph.D. (@RealEJAntoni) September 1, 2023
“While 187,000 jobs were added in August, 59 percent of those were jobs we thought we already had because the previous two months were revised so heavily downward,” Antoni added.
The September jobs report will be released on Oct. 6 at 8:30 a.m., according to the U.S. Bureau of Labor Statistics.
U.S. Bureau of Labor Statistics – Article cross-posted from Daily Signal.
Controlling Protein Is One of the Globalists’ Primary Goals
Between the globalists, corporate interests, and our own government, the food supply is being targeted from multiple angles. It isn’t just silly regulations and misguided subsidies driving natural foods away. Bird flu, sabotaged food processing plants, mysterious deaths of entire cattle herds, arson attacks, and an incessant push to make climate change the primary consideration for all things are combining for a perfect storm to exacerbate the ongoing food crisis.
The primary target is protein. Specifically, they’re going after beef as the environmental boogeyman. They want us eating vegetable-based proteins, lab-grown meat, or even bugs instead of anything that walked the pastures of America. This is why we launched a long-term storage prepper beef company that provides high-quality food that’s shelf-stable for up to 25-years.
At Prepper All-Naturals, we believe Americans should be eating real food today and into the future regardless of what the powers-that-be demand of us. We will never use lab-grown beef. We will never allow our cattle to be injected with mRNA vaccines. We will never bow to the draconian diktats of the climate change cult.
Visit Prepper All-Naturals and use promo code “veterans25” to get 25% off plus free shipping on Ribeye, NY Strip, Tenderloin, and other high-quality cuts of beef. It’s cooked sous vide, then freeze dried and packaged with no other ingredients, just beef. Stock up for the long haul today.
