Last Jobs Report Before Election Day Shows Damage of Biden Policies
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...