Painful Economic News on Biden's 'State of the Union' Day: February's Job Layoff Numbers Surged to 15 Year Record



Americans already know what the "State of the Union" is – without an intentionally skewed campaign speech from Joe Biden
 
By Laura Wellington

WASHINGTON, D.C. (Texas Insider Report) — Tonight at 9 p.m. EST, President Joe Biden will give the American people an update on the health and welfare of our nation. I’m not sure any of us need the update – we all see what the actual "State of the Union" is without it being encapsulated in an intentionally skewed from President Joe Biden address.

It will especially be interesting to see how Biden’s speechwriters massage the dismal surge in employment layoffs recently, as reported by Challenger, Gray & Christmas.
 
According to Fox News, the report revealed the acceleration of job cuts by U.S. employers “marked the highest layoff total for the month of February in data going back to 2009.”

That’s abysmal – and certainly not optimal news for Biden or the Biden White House to receive on the morning of the State of the Union. (The data precedes the release of the more closely watched February Jobs Report from the Labor Department on Friday morning,)

What this means is that the labor market is deteriorating – with employers in February reportedly making plans to shutter 84,638 jobs.

This number is up 3% from January, and 9% from the same time last year.

Where is the government going to get all the money they need to fund the lifestyles of all the illegal immigrants they just welcomed through the door of the southern border?
  As the Federation for American Immigration Reform calculated, it costs $150.7 billion to fund illegal immigration annually, as reported by Newsweek. And the ultimate burden to fund that $150.7 billion will fall on American taxpayers to carry the load. They can’t pay up without jobs though.
 
This is definitely not the news the White House wanted to wake up to. The timing of it couldn’t have been more inconvenient for Biden.

Putting this in perspective however, there is never a good time to seemingly sink a country, intentionally. Biden actively took up the task anyway, and he was truly masterful in his approach.

Undoubtedly, he will be equally as masterful in covering these numbers up or conveniently glossing over them.

As the technology sector was hit the hardest, education followed. The dominant excuse for the shedding was mere "restructuring."

That begs the question, “How exactly do you replace the impact of a dedicated teacher, because that teacher isn’t just facts and numbers?” He is so much more.

If you suspect the aggressive emergence of AI may have something to do with declining employment rates, companies would rather you look the other way. They’d prefer to blame it on difficult economic and market conditions.

Economists believe the job market has hit the stage of normalizing – with the unemployment rate lingering at 3.7%. The Labor Department will be coming out with its own report on Friday, which is expected to show the growth of 200,000 additional jobs in February. Compare that to the 353,000 jobs added in January.
 
The Organisation of Economic Co-Operation & Development predicts that the unemployment rate will climb to 4.1% in 2024 – only to continue to soar through 2025, according to Newsweek.

How Americans are going to live remains to be seen.

The ripple effect could sink our nation deeper into despair.

I’m sure not even former President Donald Trump is happy about the news. However, for his re-election campaign, it’s stellar. Following his success on Super Tuesday, it just received added fuel.

Joe Biden’s failed policies are coming back to roost – once again – showing that Trump Amnesia is anything but.

Laura J. Wellington is an author, blogger, and award-winning children's television creator. A TED Speaker, she is the founder of the THREAD MB Blog, as well as the ZNEEX app.








 
ad-image
image
04.11.2024

TEXAS INSIDER ON YOUTUBE

ad-image
image
04.11.2024
image
04.09.2024
ad-image