Advertisement“Today, we received another outstanding jobs report,” Biden said Friday at a news briefing. “Thanks in part to Republican governors removing the Biden work barrier that pays the jobless more to stay home than to work, the July jobs report finally met expectations,” Rep. Kevin Brady (R-Tex.) Economists and White House officials had predicted a slowdown in job growth last month due to economic indicators that raised alarms. Dour job growth predictions for last month also drew on reports of widespread layoffs and hiring freezes in tech, which appear to have had little impact on overall job growth. … It would be worse if we were seeing those wage increases and we weren’t seeing the job growth.

Source: Washington Post August 06, 2022 01:25 UTC