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We've said this before, the U.S. economy is deep and wide and very hard to damage permanently. Left to its own devices, it will grow, jobs will be created.
Of course, the Biden regime has tried its best to destroy small business, and to a large degree has been successful.
The jobs numbers released this morning for the month of December were horrific, missing estimates by a couple hundred thousand.
Democrats will use the Omicron excuse for this month's job debacle. However most of the effect will not be seen until January.
Steve Cortez declared the rise in black unemployment shown in the morning's data is due to vaccine mandates which primarily hurt minorities who have a distrust of Federal medical mandates. The open southern border is also hurting minority community job growth.
Labor costs increased as inflation continues to skyrocket.
Average Hourly Earning (MoM) (Dec) printed at 0.6% vs 0.4% consensus estimate.
Average Hourly Earnings (YoY) (Dec) printed at 4.7% vs 4.2% estimate.
Average Weekly Hours (Dec) printed at 34.7 vs 34.8 estimate.
Labor Force Participation Rate (Dec) printed at 61.9% vs 61.7% estimate.
Nonfarm Payrolls (Dec) printed at 199k vs 400k estimate.
U6 Underemployment Rate (Dec) printed at 7.3% vs 8.0% estimate.
Unemployment Rate (Dec) printed at 3.9% vs 4.1% estimate.
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Reuters reporting Japan is at 1% of its COVID peak cases and falling. India is at 3% of its peak and falling. What did these countries do? Ditch vaccine mandates for ivermectin. Since April 28 India medical officials started providing Hydroxychloroquine and ivermectin to its massive population. As India is the major pharmaceutical manufacture in the world, they were ready for this massive drug distribution. Miraculously COVID cases have plummeted quickly since then. What a shocker right. Meanwhile, all “first world” countries in Europe are reporting a rise in cases. Get ivermectin before it is too late ivmcures.com