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July jobs report shows improvement, but still not back to pre-pandemic normal

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By Jenny Goldsberry

The US jobs report came out Friday demonstrating a 943,000 increase in jobs and 5.4% in unemployment. While the data isn’t still back to pre-pandemic norms, jobs have steadily increased since January. The Dow Jones estimated fewer jobs and a higher unemployment rate.

First, of all non-farm jobs, the leisure and hospitality industry did best in July. It added 380,000 positions. As a result of COVID-19 restrictions ending, 253,000 of those came from bars and restaurants. The industry also did exceptionally well in May.

“More jobs than have been created in the first four months in any presidency in modern history.” Conveniently, he left out the historic job losses that happened leading up to his inauguration.

Back in May, President Biden responded to disappointing numbers. Then, Biden blamed the number on vaccination rates, since the data was collected during the first week in May. Back then, Biden said, the vaccination rate for adults was only 35%. By the end of May, it was reported to be at 63%. Now, the vaccination rate has reached 70%.

“We’re now the first administration in history to add jobs every month of our first six months in office,” Biden tweeted Friday. It’s a talking point he’s said in previous months as well. However, the historic job losses leading up to his inauguration should also be taken into consideration.

Meanwhile, two years ago in July, the unemployment rate was 3.7%. Yet there were only 164,000 jobs created then. Just last year over the US saw 1.7 million new jobs in July. But 10.2% of Americans were unemployed.

You can follow Jenny Goldsberry on Twitter @jennyjournalism.

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Economy

TX Federal Judge takes ‘extraordinary’ step to ‘fast track’ ruling on Biden’s student loan forgiveness, forego trial

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cash stimulus for coronavirus

Just The News reported on an “extraordinary move” by one Texas judge who is prepared to cancel President Biden’s student loan debt forgiveness payments.

U.S. District Judge Mark T. Pittman, a Trump appointee, says he is ready to decide the merits of Biden’s plan and skip the preliminary injunction and customary trial.

“U.S. District Judge Mark T. Pittman had been holding a hearing on a request from the small business group Job Creators Network’s legal arm on behalf of two plaintiffs to issue a preliminary injunction blocking Biden from enacting the debt relief until the legality of his executive order was decided” Just The News reports.

However, Pittman declared “in a five-sentence, one-page order that the government and plaintiff lawyers had made all the necessary arguments and that a trial would not elicit further evidence so he is ready to move to a judgement on the merits of the case.”

“Having held a hearing on Plaintiffs’ Motion for Preliminary Injunction and reviewed the related briefing, the Court intends to consolidate as it appears that the Parties have presented their case and no evidence of significance would be forthcoming at trial,” wrote Pittman.

Pittman said he was prepared to advance the preliminary objection request “to a determination on the merits” and gave the Justice Department and plaintiff lawyers until Friday to file any objections to his plan.

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