Joe Biden On The Worst Jobs Report Of His Presidency: “It’s A Historic Day”

[Image: Joe Biden -- C-SPAN Twitter video screenshot.]

The U.S. economy added far fewer jobs than expected in December, the Labor Department said Friday. The U.S. added 199,000 jobs in December, far fewer than the 422,000 estimate.

CNBC’s Steve Liesman said the jobs report is “another big miss”, officially becoming the worst jobs report of Joe Biden’s presidency so far. Biden, however, called it a “historic dayin remarks he made over the report at the White House.

CNBC’s Steve Liesman:

Meanwhile, 79-year-old Joe Biden claimed, in part on Friday, over the dismal jobs report: “I think it’s a historic day”.

House Minority Leader Kevin McCarthy (R-CA) commented on the jobs report and wrote on Twitter Friday, “The world’s greatest economy is being smothered by Washington Democrats’ government overreach. Today’s jobs report is another massive miss, falling 200,000 jobs short of expectations.”

“In less than 12 months, the Biden admin has sabotaged what should’ve been a V-shaped recovery,” he said.

Average hourly earnings rose more than expected as the U.S. sees its fastest inflation pace in nearly 40 years. Wages climbed 0.6% for the month and were up 4.7% year over year. That compares with respective estimates of 0.4% and 4.2%, CNBC reported.

MSNBC’s Stephanie Ruhle noted of the wages, “Even with higher wages, inflation is moving up quicker. You may be going home with a bigger paycheck, but it’s basically meaningless when your grocery bill and your gas bill are higher”.

Meanwhile, Steve Cortes tweeted a CNBC survey/chart over the disapproval on inflation:

Related: Biden Says ‘Yes’ He’s Willing To Sacrifice Hundreds Of Thousands Of Blue-Collar Jobs For ‘Greener Economy’)

Follow us on Telegram @The Freedom Times.