Well, Joe Biden is at it again, dodging vital questions about the health of our economy.
On Friday, Joe Biden delivered remarks on the disastrous August jobs report.
Unemployment ‘unexpectedly’ rose to 3.8% in August. Nonfarm payrolls increased by 187,000 in August – until the Biden Regime quietly revises that number down next month.
The unemployment rate rose sharply in August, as the summer of 2023 neared a close with a job market in slowdown mode.
Nonfarm payrolls grew by a seasonally adjusted 187,000 for the month, above the Dow Jones estimate for 170,000, the U.S. Bureau of Labor Statistics reported Friday.
However, the unemployment rate was 3.8%, up significantly from July and the highest since February 2022, and nonfarm payrolls estimates for previous months showed sharp downward revision. That increase in the jobless level came as the labor force participation rate rose to 62.8%, the highest since February 2020, just before the Covid pandemic declaration.
A more encompassing unemployment measure that counts discouraged workers as well as those working part-time for economic reasons jumped to 7.1%, a 0.4 percentage point increase and the highest since May 2022.
CNBC’s Rick Santelli blasted the Biden Regime for making large revisions to the payrolls.
Watch:
CNBC's Rick Santelli on the jobs report: “The deterioration is large. The significantly large revisions make me nervous….how much we've slowed over the last several plus months.” pic.twitter.com/FT5t2LnOXD
— RNC Research (@RNCResearch) September 1, 2023
When reporters asked him why so many Americans are living paycheck to paycheck, Biden turned his back on them and just walked away. Why would he care? Biden makes a $ 400,000-a-year salary to sit around and do nothing while the rest of the country suffers under his economic policies.
Biden walked away as he was asked about the economy and his pay-to-play/bribery scandal involving his son Hunter:
“Why are so many Americans living paycheck to paycheck?”
“Why did you interact with so many of your son’s foreign business partners?”
“Will you give your bank records to Congress?”
Watch:
Biden walks away as he is being asked:
“Why are so many Americans living paycheck to paycheck?”
“Why did you interact with so many of your son's foreign business partners?”
“Will you give your bank records to Congress?” pic.twitter.com/BKZwqMWVem
— Greg Price (@greg_price11) September 1, 2023
Bidenomics has ravaged the US economy: Inflation, unemployment, and living paycheck to paycheck. Also, Americans on average don’t have much in savings while juggling credit card debt. We are a debtor nation.
Gateway previously reported on Bidenomics:
61% of Americans are living paycheck to paycheck because of Bidenflation.
A six-figure income is no longer enough in Joe Biden’s America.
A staggering 44% of Americans earning $100,000+ per year are living paycheck to paycheck.
According to CNBC, 45% of American adults have an ’emergency fund.’ However, of those with an emergency fund, 26% say they have less than $5,000 saved for a rainy day.
US credit card debt surpassed $1 trillion for the first time in history this year as more and more Americans have to borrow to get by.