The October jobs report that came out on Friday isn’t as good as Joe Biden claims it is.
Biden on Friday falsely claimed his economic recovery is “faster” and “stronger” than “anyone could have predicted.”
He also absurdly claimed “wages are up.”
Watch Fox Business break down Friday’s report:
The labor participation rate has not budged since last year.
Joe Biden is not creating any new jobs.
For the 14th straight month, more than 100 million people are not in the labor force.
CNS News reported:
The Labor Department’s Bureau of Labor Statistics announced on Friday that 100,450,000 people in this country were not in the labor force in October, up 38,000 from the 100,412,000 in September.
This is the 14th straight month that this “not in the labor force” number has remained above 100,000,000.
Persons who are neither employed nor unemployed are not in the labor force. This category includes retired persons, students, those taking care of children or other family members, and others who are neither working nor seeking work.
Among those not in the labor force in October, 1.3 million persons said they were prevented from looking for work due to the pandemic. This measure is down from 1.6 million in September.
The number of people not in the labor force reached a record high of 103,418,000 in April 2020, as the pandemic took hold; and the highest it’s been under President Joe Biden is 100,708,000 this past February.