The June jobs report was another disappointment because the Biden Administration is paying people to sit at home and do nothing.
The unemployment rate increased and the number of unemployed Americans in June rose to 9.5 million.
The labor participation rate is stagnant because of Biden’s policies.
Gas prices hit a 7-year high as stations run out of fuel going into the 4th of July weekend.
The US national average price for regular gas is $3.10 per gallon – up 42% from this time last year.
Even Obama’s economist said Biden’s extended unemployment benefits is holding the economy back.
“Unemployment insurance has definitely been playing a role” in holding the economy back – Jason Furman said Friday morning on CNBC.
VIDEO:
Former Obama economist Jason Furman: “Unemployment insurance has definitely been playing a role” in holding the economy back pic.twitter.com/ecl9tPKlx5
— RNC Research (@RNCResearch) July 2, 2021
The post Obama Economist on Abysmal June Jobs Report: Unemployment Insurance Has Definitely Been Playing a Role in Holding the Economy Back (VIDEO) appeared first on The Gateway Pundit.