The November jobs report from the Bureau of Labor Statistics fell short of forecasts by half, with only 210,000 jobs created in November, labor force participation edging up slightly at 61.8, and wages rising only by 4.8 percent. The Biden Jobs Deficit has grown to 947,000 jobs short of President Biden’s jobs promises from March’s American Rescue Act.
Ways and Means Republican Leader Kevin Brady (R-TX) issued the following statement:
“This is a miserable jobs report, there’s no spinning it any other way. And due to his mishandling of the economy, President Biden is nearly one million jobs short of his promises from his last $2 trillion spending binge.
“The Senate ought to suspend any consideration of the $5 trillion Build Back Better bill until the President demonstrates he can heal this economy, lower inflation, and get Americans back to work.”