May 13, 2021

Biden economy takes a hit as jobless claims rise despite optimistic projections

President Joe Biden spent much of 2020 promising that things would be better under his administration. Republicans knew those were empty campaign promises, but fence-sitters and Democrats bought them — and now they’re paying for it.

Biden and his supporters just got a nasty shock when the Department of Labor announced on Thursday that the job market unexpectedly collapsed last week, with jobless claims rising by 13,000 to 861,000 instead of falling as they were projected to do. 

So much for Biden’s glowing promises to “build back better.”

Breitbart reported:

Economists had expected claims to fall to 768,00 from the 793,000 initially reported for the prior week. The previous week’s figure was revised up by 55,000 to 848,000.

Jobless claims can be volatile week to week so economists like to look at the four-week average. This fell to 833,250, 3,500 below the prior week’s average.

Even when the economy is creating a lot of demand for workers, many businesses will shed employees as they adjust to market conditions. But in a high-pressure labor market, those employees quickly find jobs and many never show up on the employment rolls. What appears to be happening now is that many workers who lose their jobs cannot quickly find replacement work and are forced to apply for benefits.

These job numbers shouldn’t actually come as a surprise, however, because one of Biden’s first actions after taking office was to cancel the Keystone XL Pipeline, destroying thousands of jobs with the swipe of a pen.

Layoffs and jobless claims were already at all-time highs due to the effects of the pandemic, but Biden’s executive actions haven’t helped the situation.

The first few weeks of Biden’s presidency have been rife with GOP-led “I-told-you-so’s” as Biden reversed dozens of Trump policies and even several of his own campaign promises — but this one comes with a bitter aftertaste as economic recovery shows signs of slowing despite the fading pandemic, a situation no one wanted no matter who resides in the White House.

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129 Responses

  1. Prepare yourselves folks for it is going to be much worst in the coming months! This is what you get when you TRUST the real liars! I trusted the man who really accomplished something but what he accomplished was NEVER ever mentioned during his debates.

  2. I would like to know why the democrats. can try to impeach Trump for a word. but when it comes to Joe Biden the evil democrat whatever they want and there not a dam thing we can do that just what they want to take down America it, not we the democrat it`s we the people. then some a-hole wants to know why thing are going wrong

  3. Communist takeover of America look at the Capitol they fear the people of the USA they know that our military take an oath to the constitution thats why they are trying to purge the Trump voters from the military Really razor and walls around the Capitol not for the people but fear the people wake up Americans

  4. We need to exceed from trader Joe. And live in Trump world. He can make us great. Remember what Harris said. We will not have meat on our tables and here we go

  5. What do you expect out of Comrade/China Joe? He never accomplished anything but plagiarism, corruption by him and his family, and racist remarks for 47 years. The idiots that voted for this incompetent Moran are getting what they deserve; nothing. He was a do nothing Senator and VP; he will do nothing for American citizens but give them excuses and grief. All he cares about is doing what his globalist cronies want him to do; capitulate the USA to the NWO. Wake up America!

  6. When will these clueless liberals get it that THIS is what K0mmie-DIMs do ? ? ?

    He did away with THOUSANDS of pipeline jobs and all the businesses they supported, in what amounted to WORSE climate damage by using Trains, Truck or other means to get the oil from Canada to the processing plants on the Gulf of Mexico…

  7. Time to Do something! Say it with your Pen and Paper! Stop watching Communist Media or listing to public Radio!
    don’t just sit there…..Make a America Great again, DRAIN THE SWAMP!

  8. Americans need to wake up and get this trash out of the
    white House now. Impeach them now. Comrade Biden and Harris before its to late. Call now and often

    Members of the House
    202-224-3841

    Members of the Senate
    202-224-3121

    TOLL FREE:
    866-272-6622

  9. All elected government payroll should be cut immediately – senators, representatives, president, vice president, etc. until this mess that they put this country in is fixed. They created it and they should pay for it.

    gAovernment should immediately cut all federal pay

  10. Biden is a bigger Dummy than Jeff Dunhams Walter. I know the election was a fraud because I refuse to believe America was that stupid.

  11. “a situation no one wanted no matter who resides in the White House” – I dispute that. What Biden has done had very predictable results, unavoidably predictable results. His “new jobs” didn’t exist (like Obama’s ‘shovel ready’ jobs) and it’s inescapable that he knew it. Like recent reports that mathematics is “racist” and the right answer isn’t a requisite. Even rational thinking is discredited. Tell me, Mr. Biden, what $15/Hr. jobs will be available for the product of this education? And you want to give them free college? And open the borders to a flood of impoverished potential disease vector extranjeros to compete on the “off the books” labor exchange? The results are so patently predictable – don’t give me this “no one wanted” crap. The disaster is to well orchestrated, even more predictable than one of those “Ethiopian Prince” scams. They got took by one of those, didn’t they? Or was that just a way to move money where they wanted it?

  12. People when will you get it. Biden is doing nothing. Between his dementia and medication he is nothing more than a Marionet puppet who acts and speaks according to those pulling his strings.

  13. These people now ruining this country couldn’t run a taco stand with only one item on the menu. Case in point is greenie lack of technology fiddling with our power grids. How is that working for California and Texas now? Keep voting or donating to any democrat run projects, and you to can live in the stone age.

  14. Some people never learn, you look at real accomplishments, not empty promises.
    You look at what Donald Trump has done in his business ventures, even before he considered running for office. And as President, promises made, promises kept.
    Now look a Veggie Joe, accusations of plagerism, phony self aggrandizing claims that everybody knew were lies, no notable accomplishments done as a politician.
    Now as President, purposely eliminating jobs, backtracking on economic relief, and again lying to the public, blaming the previous administration, like Obama did, for his own incompetence.
    Those that voted for him have nobody to blame, but themselves, considering past accomplishments and failures.
    For Biden, it’s been nothing but a lifetime of failures.

  15. GREETINGS ALL OF YOU GREAT AMERICANS, WHO CAN READ THE WRITING ON THE WALL!!! 1. WE HAD BETTER WORRY ABOUT OUR COUNTRY RATHER THAN THE POOR ADMIN THAT IS IN THERE NOW!! 2. DO YOU SUPPOSE THERE MIGHT BE INSURRECTION FROM OUR OWN MILITARY, SINCE THEY TOOK AN OATH….OF PROTECTING OUR HOME LAND FROM WITHIN AND WITHOUT INVASION OF WHOMEVER?? DO YOU SUPPOSE THIS IS WHY THE PARTY OR WHOMEVER IN POWER IS BUILDING WALLS / WIRE / AND GUARDS ALL OVER TO PROTECT THEIR SCARED LITTLE BUTTS, WHICH THEY SET UP TO BE INVADED BY STRANGE NAMED GROUPS OF SO-CALLED ANRCHISTS??? INVESTIGATE WHO HIRED THE PEEPS THAT STORMED THE CAPITITOL. THIS SMACKS OF A VERY HIGHER LEVEL OF SET UP…YOU GET THE PIC…FROM THE HIGHEST LEVELS LIKE…GO FIGURE THE STRANGEST SCENARIO!!??? 3, WE IN THE U.S.A. HAD BETTER WORRY MORE ABOUT RARE METALS NEEDED FOR ALL OF OUR SUPERFICIAL NEEDS….LIKE ELEC. CARS AND WHATEVER, THAT SHOULD HAVE VERY HIGH MILITARY AND RESEARCH OF A MILITARY SURVIVAL NATURE, WELL ABOVE ANY OTHER USES. 4. WE HAVE SPENT SOOOO MUCH TIME ON ABSOLUTE FOOLISHNESS AND FRAUD OF OUR RESOURCES WITH ALL OF THE VERY FOOLISH INVESTIGATIONS AND BEYOND, WHILE OUR WORLD / NATIONAL SECURITY IS ON HHOLD !! I AM VERY CEREBRALLY FEARFUL TO THINK OF OUR STATUS IN NOT BEING ABLE TO DEFEND OUR COUNTRY WHEN…NOT IF…THE AXIS OF EVIL PUSH A CERTAIN BUTTONS (s) AND ALL HELL BREKS LOOSE !! WE HAD BETTER GET A CLUE IN THE U.S.A. AND START THINKING ON A RESPONSIBLE SCALE OF WAR TIME AND BEYOND. WE ARE ABSOLUTE FOOLS AT THIS POINT IN TIME….WAKE UP AND GET IT….NOW!!!! HAVE A GREAT OLD “GOD” FEARING DAY AND YES !….HISTORY DOES REPAET ITSELF !! THE ROMAN EMPIRE IS ON FIRE !! THE WISE OLD OWL RESPECTFULLY WHOOOOOING

  16. The people did not elect Joe Biden. the powers that be rigged the election to put Joe in the Presidency. The people actually elected Donald Trump, 75 million strong. But we the people are still the ones who are going to suffer.

  17. It is so sad….. The president should love and honor this country… He and the master manipulators
    surely do not……..

  18. Well union member do you like biden now? All the big union Boys do is get rich on your dues. Get rid of unions especially the teacher’s union. Take their pay away since they don’t work.

  19. Way to go Joe two months in & the USA is in more turmoil now than ever before, just goes to show, you are the worse President EVER!!! Plus the Democratic party sucks, haven’t done anything in years to help WE THE PEOPLE, just stupid impeachments, lies, hate, vile evil rants, inciting riots, insurrection, wasting our tax payer money on the stupidest things, giving money to countries that we do not need to support, paying BLM & Antifa for keeping the hate going & bailing them out & all the rest of the crap you do. Talked to the only four people who voted for you now they wish they had never voted for you, that’s why you had to steal the election!

  20. People who voted for Biden, what do you feel about your vote now? Promises and lies…just to get in office. Have you looked at gas prices lately. Term limits are a must.

  21. This all lends credence to the rumor of the Biden admin being arrested by the US loyal military for high treason and election fraud. Someone else believes this or the SOD would not have began the purge of conservatives from the military.

  22. Biden needs to remove his EO’s. All of them. Trump was supporting the people. Whether he realizes it or not biden is destroying the country, not a Party.

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