Republicans delighted in a weaker-than-expected jobs report on Friday, using it to mock President JoeBiden's economic agenda. The economy added 209,000 jobs in June, a sizable gain in a tight labor market that nonetheless fell below expectations.
The economy added 209,000 jobs in June, a sizable gain in a tight labor market that nonetheless fell below expectations. Democrats celebrated the job growth as evidence that"Bidenomics," the White House's freshly coined moniker for its economic policies, is working.But Republicans argued the report was not as strong as Democrats claim, pointing to the 452,000 employees who shifted into part-time work last month.
"Bidenomics just means more government bureaucrats propped up by Democrats' reckless spending that fuels the inflation crisis," Will Reinert, the national press secretary for the NRCC, said in a statement."Meanwhile, people are forced to take part-time work just to put food on the table." Other Republicans pointed out that jobs fell short of the 225,000 that economists had predicted for last month. The June figures, released by the Bureau of Labor Statistics on Friday, were the lowest since December 2020 and a sign that the economy is cooling.Democrats, however, widely embraced the numbers. Despite the labor participation rate remaining below pre-pandemic levels, unemployment dropped to 3.6% in June, and the latest jobs report marks 30 straight months of growth under Biden.
"This is Bidenomics in action," the president said on Friday."Our economy added more than 200,000 jobs last month for a total of 13.2 million jobs since I took office. That’s more jobs added in two and a half years than any president has ever created in a four-year term."Biden is campaigning for a second term on his economic record, a new tack that comes even as polling shows voters widely disapproving of his handling of the economy.
Meanwhile, Republicans argue that very government spending is what fueled inflation in the first place.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Bidenomics is a disaster, but president is still trying to run on itBiden is basing his re-election campaign on Bidenomics. But the reality isn't good for Americans. Falling wages, high inflation and higher gas prices show it is a disaster.
Leer más »
Biden is trying to sell 'Bidenomics,' but Americans can't afford the president's agendaPolls indicate troubles ahead for President Biden's big-spending, high-tax agenda that will further drag the nation into debt and fuel inflation.
Leer más »
President takes ‘Bidenomics’ road show to South Carolina to promote solar energy manufacturingPresident Biden on Thursday highlighted manufacturing investments in South Carolina made possible by his tax-and-climate legislation, part of a road show that tests the popularity of his 'Bidenomics' mantra ahead of a 2024 reelection battle.
Leer más »
Rep. Roger Williams slams Biden over Bidenomics as it hurts small businesses.HouseSmallBiz Chairman RepRWilliams slams Biden over Bidenomics as it hurts small businesses
Leer más »
It Makes Sense That Bidenomics Is Unpopular (So Far)For all its virtues, the president’s economic agenda has yet to increase living standards for most Americans.
Leer más »
WATCH LIVE: Biden touts 'Bidenomics' as poll shows opposition to White House plan | Fox Business VideoThe 'Bidenomics' tour over the next two days comes as Republicans have tied the term to the economic woes amid a competitive GOP presidential primary.
Leer más »