As President Joe Biden continues to think that businesses reopening (from the tyrannical lockdown that our government imposed) means that he is creating jobs, jobless claims are skyrocketing. According to reports from the Department of Labor, claims for unemployment jumped from 51,000 to 419,00 for the week ending on July 17.
Missing Donald Trump yet? I know I sure am! We may have had "mean" tweets but at least people were working and gas wasn't an astronomical price.
Economists had forecast 350,000 new claims, a decline of 10,000 from the previous week’s initial estimate of 360,000. That estimate was revised up to 368,000.
The four-week moving average, which smoothes out week-to-week volatility and is considered by many to be a more reliable gauge of the health of the labor market, rose by 750 to 385,250.
Continuing claims, which are reported with a week’s delay, fell 29,999 to 3,236,000.
The federal government last year launched new programs that provide benefits to people not eligible for traditional unemployment benefits. The total number of continued claims under all programs for the week ended July 3 was 12,573,833, a decline of 1,262,814 from the previous week.
In around two dozen states, most led by Republican governors or with GOP-controlled state legislatures, have brought the federal enhancement to state unemployment benefits to an early end. That enhancement paid an extra $300 a week in benefits, which priced many workers out of the labor market by paying them more not to work than they earned when working. In the rest of the country, the enhancements will expire in September.
Giving people extra unemployment instead of allowing businesses to open sooner was a huge mistake. Now businesses are struggling to staff their establishments and there are thousands of people sitting at home collecting a paycheck. Why work when they can be lazy and let Uncle Sam pay their bills?
Newsflash: Uncle Sam is neither your baby daddy or your sugar daddy. Get out and get a job. This is ridiculous.
Trending Political News
Whoops! Biden Suggests All Latinos are Deportable, Illegal (VIDEO)
Someone needs to take the mic from President Joe Biden....no, seriously. He should not be speaking to the public, let alone running a country. The man needs to be sitting in a nursing home with 24/7 supervision!
On Thursday, the leader of the free world suggested that all Latino Americans are illegal immigrants and therefore deportable.
Report: Biden Refuses to Sign Infrastructure Bill Without More Taxes
Big oof! On Thursday, President Joe Biden declared that he will not sign a bipartisan infrastructure bill unless it also contained a ‘tandem” bill for more taxes.
Isn’t that like the least American thing possible? A president attempting to force more taxes on the American people?? We’ve thrown tea into the harbor for less....
AR Gov. Hutchinson: New Mask Mandates, Shutdowns ‘Could Be on the Table’
On Sunday, Arkansas Governor Asa Hutchinson told CBS’s “Face the Nation” that new shutdowns and mask mandates could be on the table if COVID rates continue to rise in his state.
Partial transcript as follows:
Holy Communism Batman! Emails Show Biden Campaign Bullied FB into Censoring Trump Campaign, Supporters
Numerous emails seen by CNN show that the Biden campaign bullied and pressured Facebook to censor posts coming from the Trump campaign and Trump supporters about the integrity of the 2020 presidential election.
Can you say communism?
‘Activist Athlete’ Gwen Berry Turns Away from Flag on During Anthem
Olympic track and field athlete Gwen Berry chose to turn away from the American flag during the National Anthem on Saturday while standing on the podium after receiving a bronze medal in the hammer throw.
Surprise! Biden Bombs Syria....Again
For the second time in his short presidency, Joe Biden ordered air strikes in Syria on Sunday.
The Pentagon released a statement that Biden ordered air strikes on two targets in Syria, as well as a site in Iraq after militias launched drones against United States forces in the region.