Last week, Joe Biden finally had a good jobs report.
All his administration could do was talk about how he is adding jobs.
Well, this week the private payroll sector is upside down in a big way, but you know they will do nothing but make excuses.
In fact, it has already started.
In the Red
Private Payrolls were supposed to go up by 225,000 for the month of January.
They did not.
According to the latest ADP report, which comes out two days before the official labor report, we lost 301,000 jobs.
Do the math… that is a shortfall of a half-million jobs.
This comes off of a December adjustment that trimmed more than 20,000 jobs from last month.
As I have predicted all along, the hospitality and leisure sector was the hardest hit.
White House Press Secretary Jen Psaki tried to sell this as people calling out sick from Omicron, which is just a lie.
You don’t get unemployment when you are sick… you get sick pay.
This is all about mandates… period.
Joe Biden stood in front of the country and said take the jab or I am going to get your boss to fire you, and that is exactly what happened.
All around the country, we are still seeing restaurants closing and the travel industry being down as a whole due to these mandates.
Of course, that is not the only industry reeling because of vaccine mandates.
The transportation industry also took a significant hit, as did several other sectors.
The official Department of Labor jobs report comes out tomorrow, and it is not expected to be good.
From what I have seen, the numbers are falling way short of expectations, which means the market will take a beating.
Inflation is rising, 300,000 people lost their jobs due to Joe Biden in the private sector, and now retirement and investment accounts are getting crushed.
Great job, Joe.
Do you fault Joe Biden and his mandates for the bad jobs numbers?
Tell us what you think in the comments section below.