The October work report released Friday is not as good as Joe Biden claims it is.
Biden falsely claimed on Friday that his economic recovery was “faster” and “stronger” than “anyone could have predicted.”
He also absurdly claimed “wages are up.”
See how Fox Business outlines Friday’s report:
The labor force participation rate has not moved since last year.
Joe Biden does not create any new work.
For the 14th consecutive month, more than 100 million people are out of the workforce.
CNS News reported:
The Labor Department’s Bureau of Labor Statistics announced on Friday that 100 450 000 people in this country were not in the labor force in October, 38 000 more than the 100 412 000 in September.
This is the 14th consecutive month that this “not in the labor force” number has remained above 100,000,000.
Persons who are not employed or unemployed are not in the labor force. This category includes retired people, students, those who care for children or other family members, and others who are not looking for work or work.
Among those who were not in the labor force in October, 1.3 million people said they were prevented from looking for work due to the pandemic. This measure is down from 1.6 million in September.
The number of people who were not in the workforce reached a record high of 103,418,000 in April 2020, as the pandemic took hold; and the highest it was under President Joe Biden is 100,708,000 this past February.