Last Jobs Report Before Election Day Shows Damage of Biden Policies

Posted on AllSides November 4th, 2022
From The Right
Economy and Jobs, unemployment
AP Photo/Michael Conroy, File

The final economic indicator to be released before Tuesday's midterm elections dropped Friday morning showing the unemployment rate had ticked up to 3.7 percent in October — an increase of 0.2 percent, worse than expected — despite a better-than-expected headline number showing 261,000 new jobs. 

But the number of new jobs reported is the smallest of President Biden's time in office, following a downward trend line in job growth under his administration's leadership. 

The last time job growth was any worse was December 2020 when there was a contraction, noted CNBC. 

The monthly jobs...

Read full story
Some content from this outlet may be limited or behind a paywall.

More News about Economy and Jobs from the Left, Center and Right

From the Left

From the Center

From the Right