Biden Falsely Claims Unemployment Was 15% When He Took Office
Claim: Joe Biden repeatedly stated that when he took office in 2021, the unemployment rate was 15%. While many have heard Biden announce a 50% unemployment rate when he takes office, it is more likely that the president meant the unemployment rate to be 50%. “There were no jobs,” Biden said. Verdict: False. The unemployment […]
US adds 272,000 jobs, unemployment rises to 4 percent
The U.S. economy added 272,000 jobs in May, and the unemployment rate rose slightly to 4%, according to new Labor Department data released on Friday. The May employment report was much better than expected by economists, who had projected a gain of 185,000 jobs and an unemployment rate unchanged from April’s 3.9%. But the slight […]
US job growth jumps by 272K in May while unemployment unexpectedly rises
Lincoln Tech CEO Scott Shaw explains in “Varney & Company” why young workers are seeking trades jobs: U.S. job growth accelerated again in May, defying expectations of a slowdown even as the unemployment rate rose to its highest level in more than two years. Employers added 272,000 jobs in May, the Labor Department said in […]
California unemployment rate is worst in the country for second year in a row
A new jobs report reveals California’s unemployment rate in April was 5.3% for the third month in a row. California possesses the highest unemployment rate in the country, with the national average being 3.9%. Washington, D.C., was not far behind California, with an unemployment rate of 5.2%, and Nevada was at 5.1%. A year ago, […]
Biden’s labor secretary could be forcing taxpayers to foot $32B in unemployment fraud she caused in California: GOP senators
President Biden’s Labor Secretary will make U.S. taxpayers pay for nearly $32 billion in unemployment fraud he caused during the coronavirus pandemic while serving as California’s top labor official Possibly, the Republican senators wrote. Wednesday’s letter. Sens. Bill Cassidy and Mike Crapo expressed their concerns in a letter to Labor Secretary Julie Su. Department of […]
White House Report Card: Unemployment, campus chaos cast shadow
This week’s White House Report Card finds President Joe Biden in a bind over campus protests of his Middle East policies, rising unemployment and inflation, and depressing reelection polls. Inflation and unemployment flashed red when a jobs report came in weaker than expected on Friday, and the unemployment rate popped up to 3.9%. While it […]
The unemployment rate barely rose, but only 175,000 jobs were added in April
Job additions in April were lackluster at 175,000, many of them in the health care sector. (iStock) The U.S. added 175,000 jobs in April, according to the Bureau of Labor Statistics. employment status report. This is a small increase compared to the average monthly increase of 242,000 over the past 12 months. The unemployment rate […]
U.S. Hiring Slows With Economy Adding 175,000 Jobs in April and Unemployment Rose to 3.9%
US Employer Added 175,000 The Ministry of Labor announced on Friday that it would cut workers’ April salary payments. The unemployment rate rose to 3.9% from 3.8% the previous month. Economists had expected payrolls to rise by 240,000 and the unemployment rate to be flat at 3.8% last month. The lower end of the Econoday […]
US adds 175,000 jobs and unemployment rate rises to 3.9 percent, falling short of economist expectations
The U.S. economy added 175,000 jobs in April, and the unemployment rate rose to 3.9%, according to new Labor Department data released Friday. April’s employment report was lower than economists expected, with 240,000 new jobs and an unemployment rate of 3.8%. The latest jobs report came days after the Federal Reserve decided not to cut […]
California unemployment fund ‘insolvent’ due to $55B fraud, businesses to pay
(The Center Square) – California’s unemployment insurance fund is “structurally insolvent” due to $55 billion in fraud and overpayment during COVID-19 crisis, leading to a growing $21 billion unemployment benefits loan from the federal government the state is unable to pay down. While the state seeks loan forgiveness from the Acting United States Secretary of Labor, who […]