US Economy Abruptly Slowing Adding Only 235,000 Jobs

Friday, September 3, 2021 | Tag Cloud Tags: , , , , , , , , , ,

By Stefan J. Bos, Chief International Correspondent Worthy

(Worthy News) – U.S. President suffered another setback Friday as latest data showed the slowing abruptly last month, adding only 235,000 jobs.

The job figure is a sharp drop from the vast gains recorded earlier in the summer, despite the Biden administration spending trillions on stimulus payments and other give-always.

Several outlets said the low job figures announced by the U.S. Labor Department was an indication that the Delta variant of the is putting a damper on hiring.

But critical entrepreneurs say the $1,400 stimulus checks backed by President Biden discouraged people from working in lower-paying jobs such as in restaurants or grocery branches.

They also fear that a sharp increase in coronavirus cases and reported rising death rates will lead to more restrictions.

Despite little signs of improvements, there have been talks of raising another $800 billion in taxes, enough money for the federal government to finance two $1,400 stimulus checks.

They would be similar to the those most Americans received in the whopping $1.9 trillion Biden stimulus law during the coronavirus pandemic.

We're being CENSORED ... HELP get the WORD OUT! SHARE!!!
Copyright 1999-2022 Worthy News. All rights reserved.

If you are interested in articles produced by Worthy News, please check out our FREE sydication service available to churches or online Christian ministries. To find out more, visit Worthy Plugins.

Worthy Christian News