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Thread: Unemployment rate in the US fell to 4.2% in November, 588,000 on avg per month.

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    Default Unemployment rate in the US fell to 4.2% in November, 588,000 on avg per month.

    Despite the fact that the anti Biden media attempts to overshadow this remarkable employment decline and not expected to happen until 2024 with a slight decline in a one-month jobs report, and again over shadowing that fact that 588,000 jobs per month have been created on average this year as well. I suppose the anti Biden media will continue to spew out bogus, slanted and negative poll numbers against President Biden as a result of the media continuing to have its head up tRump's butt:

    President Joe Biden glossed over the November jobs report Friday to focus on the low unemployment rate and the yearlong trend of growth and economic recovery.

    Economists had expected more than double the number of jobs created in November. CNN reported the November jobs gain was more reminiscent of the pre-pandemic economy, when employers added a smaller but steady number of positions, at least on the face of it.

    During his press conference Friday morning, Biden took the time to highlight employment stating, “All told, in the first ten full months of my Administration, the economy has created 6 million jobs — a record for a new president. This is a significant improvement from when I took office — and a sign that we are on the right track.”

    Today, we have incredible news that our unemployment rate has fallen to 4.2% – a level experts didn’t expect us to achieve until 2024.

    We’ve created 588,000 jobs per month on average this year – a record.

    America is back to work, and our jobs recovery is going strong."

    https://www.kgoradio.com/2021/12/03/...yment-numbers/

    Despite tRump's media of crud and lies against President Biden and the unrealistically low crappy poll numbers tRump's media elements of the sewer crap out, the facts are there and will always supersede the media crud:

    The U.S. economy added 531,000 jobs in October and 5.6 million since President Biden took office, completely dwarfing Donald Trump’s jobs numbers. This compared to 3 million jobs lost under the lawlessly hacked in tRump insurgency. Biden's pandemic recovery can be further built on by getting around repuke obstructionism and passing the Build Back Better Act.
    https://democrats.org/news/economy-a...esident-biden/

    Trump to leave office with the worst jobs record since Herbert Hoover
    During the first three years of Donald Trump's presidency, the economy did quite well. The unemployment rate hit a 50-year low, income growth doubled, and the economic expansion he inherited grew into the longest in American history.

    But that all came to a shrieking halt when COVID-19 hit.

    In a two-month period, February to April 2020, the unemployment rate soared to an 80-year high and the number of employed Americans fell from 152.5 million to 130.3 million. Those 22.2 million job losses set U.S. employment back to 1999 levels.

    Since, the economy has moved from contraction to expansion and seen 12.3 million jobs return. However, it hasn't been enough to offset the job losses that occurred during the pandemic.

    That means that Trump will become the first post–World War II president to see employment fall during his presidency. It last occurred when Herbert Hoover left office in 1933 amid the early years of the Great Depression."
    https://fortune.com/2021/01/11/us-ec...-since-hoover/
    Last edited by gemini104104; 12-03-2021 at 08:58 PM.

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