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IPFS News Link • Employment & Jobs
Kamala blames Trump for horrible jobs report during Biden-Harris economy
• https://www.wnd.com, By Bob UnruhThere's probably no one who gets a paycheck in America who hasn't felt the sting of the horrible economy under the Joe Biden-Kamala Harris administration. The millionaires and billionaires are about the only ones not suffering – yet.
There's been inflation higher than 20% since President Donald Trump turned over a 1.4% inflation rate to the Democrats.
The annual inflation reached 9% at one point. Interest rates have rocketed, putting home ownership out of reach for many. Grocery bills have exploded, utilities have multiplied and more. Multiple assessment have confirmed it costs families thousands and thousands of dollars more now to have the same lifestyle they had under Trump.
That's according to presumptive Democrat presidential nominee Kamala Harris,
The Bureau of Labor Statistics said on Friday the nation added 114,000 nonfarm payroll jobs in July.
That surged the unemployment rate to 4.3%.
A report from the Daily Caller News Foundation noted, "Economists anticipated that the country would add 175,000 jobs in July compared to the 206,000 added in initial estimates for June, and that the unemployment rate would remain stable at 4.1%, according to U.S. News and World Report."
It continued, "Inflation has raised prices by more than 20% since President Joe Biden first took office in January 2021. The combination of high inflation and the increased borrowing costs from elevated interest rates have weighed on American wallets, with the percentage of credit card balances more than 60 days overdue reaching 2.59% in the first quarter, the highest rate of delinquency since records began in 2012."
Fox News noted Harris's explanation is to blame someone who hasn't been in power in Washington since January 2021.