President Biden will attempt to put a positive spin on the January jobs report which showed that the economy has failed to employ a large portion of those who lost their jobs in the pandemic.
“In February 2020, prior to the coronavirus (COVID-19) pandemic, the unemployment rate
was 3.5 percent, and unemployed persons numbered 5.7 million,” the report stated. That’s compared to 6.5 million unemployed at a 4.0 unemployment rate today.
Biden’s focus will likely be on how many jobs were recovered in the last 12 months as the economy reopened after overzealous lockdowns shut businesses and reduced work hours. His statements assume a jobs shortage as the issue instead of the current labor shortage the economy is struggling against.
The jobs are and have been there for some time, but working-age Americans are staying home or have left the workforce altogher.
The president is scheduled to speak at 10:45 a.m. EST.
Content created by Conservative Daily News is available for re-publication without charge under the Creative Commons license. Visit our syndication page for details.
Longtime readers of this column may remember the reader who wanted to know where she…
There is a doctrine in Catholicism that not all souls are prepared for heaven at…
Asked to cite the most significant event in history for an oral exam, the late…
A reader chimed in after one of my recent articles. I said 'chimed in' to…