Recession Triggered: Biden’s Economic Disaster – Payrolls Miss Huge and Unemployment Soars!

by – L. Richardson

America, we must acknowledge the urgent truth behind Biden’s economic disaster! The recession has been triggered, and the evidence is irrefutable. July’s payroll numbers have missed by a significant margin, with only 114,000 jobs added against an expected 175,000. This catastrophic shortfall, combined with a soaring unemployment rate, has officially activated the Sahm Rule recession. The disaster has been unveiled, and every patriot must wake up and face the harsh reality of our economic struggle.

The corrupt Biden-Harris administration continues to have an influence on job numbers. Still, they can’t hide the truth any longer. The unemployment rate has surged 0.6% from the year’s low, pushing us into a recession as defined by their own socialist Claudia Sahm. This manipulation of statistics, with the Birth/Death model fabricating 246,000 ‘statistical’ jobs, is nothing short of a national disgrace. We’ll dive deep into the sector breakdown and explore analysts’ concerns about this economic meltdown affecting real American lives. It’s time to demand accountability and transparency in our economic reporting as we expose this recession’s manipulated numbers and true extent!

Disastrous Payrolls Numbers

Payrolls Miss Expectations

The Bureau of Labor Statistics has revealed a shocking truth for July: the US added 114,000 payrolls, a significant miss from the expected 175,000 [12]. This disastrous figure, the lowest since December 2020, exposes the true extent of the economic crisis.

Revisions Reveal True Numbers

The corrupt Biden-Kamala administration’s Department of Goalseeked Bullshit has done it again, revising previous months’ figures lower. May and June’s combined employment figures were revised by 29,000 1 2. Even more alarming, five of the past six months have been revised lower 1 2. This pattern of downward revisions paints a grim picture of our economic reality, revealing the extent of manipulating job statistics.

Manipulated and Rigged Data

The truth is out, patriots! The Biden-Harris regime’s economic deception is exposed. The Household survey reveals a mere 67K increase in employment, while fake payroll numbers mask stagnant actual employment figures 3. This blatant manipulation is a slap in the face to hardworking Americans.

The Birth/Death Model, a tool of deception, added a whopping 246K ‘statistical’jobs to the unadjusted print. Without this fabrication, the actual adjusted payroll numbers would be much lower, revealing the actual state of our crumbling economy. The disparity between the Household and Establishment surveys exposes the depths of this economic charade. Stay vigilant, America! The recession is here, and it’s time to demand accountability from this corrupt administration.

Activation of the “Sahm Rule” Recession

The Sahm Rule, a recession indicator created by former Federal Reserve official Claudia Sahm, has been triggered 5. This rule signals a recession when the three-month moving average unemployment rate rises 0.5 percentage points above its 12-month low 5. In July, the unemployment rate surged by 0.6% from the year’s low, activating this indicator 6.

The overall unemployment rate has reached 4.3%, with the Hispanic unemployment rate hitting a two-year high 6 7. Despite a slight increase in the labor force participation rate to 62.7%, the employment-population ratio declined by 0.4 percentage points over the year 7. This data paints a grim picture of the American economy under the Biden-Harris regime, exposing their failed policies and manipulated statistics.

Detailed Breakdown of the Report

Part-time Employment and Labor Force Trends

The economic disaster continues to unfold, Patriots! On July 7, 2, part-time employment for financial reasons skyrocketed by 346,000 to 4.6 million. These are hardworking Americans forced into part-time work due to reduced hours or inability to find full-time jobs 7 [13]. Even more shocking, the number of people not in the labor force who want a job surged by 366,000 to 5.6 million 7 8. This exposes the Biden-Harris regime’s failure to create real opportunities for American workers.

Wages and Workweek Analysis

The wage situation is equally grim. Average hourly earnings increased by 0.2% monthly, falling short of expectations 7 8. The annual growth rate plummeted to 3.6% from 3.8%, missing projections and revealing the actual state of our economy 7 8. To add insult to injury, all employees’ average workweek ended by 0.1 to 34.2 hours 7. This is not just numbers, folks; it’s real American lives affected by the Biden-Harris economic collapse! This is the harsh reality we must confront as a nation.

Industry-Specific Employment Trends

Health Care and Construction

The healthcare sector led the charge in job gains, adding a staggering 55,000 jobs on July 9, 10. This trend is consistent with the previous year’s growth. Construction employment also saw a significant boost, increasing by 25,000 jobs, 9 10. Residential construction gained 9,100 jobs, while non-residential construction added 16,200 jobs.

Transportation, Warehousing, and Government

Transportation and warehousing sectors added 14,000 jobs 9 10. Government employment also saw an uptick, with 17,000 new jobs 9. However, the information sector took a hit, losing 20,000 jobs 9 10. Other industries, such as financial activities and mining and logging, experienced minimal changes or slight declines 9.

Expert Commentary and Projections

Bloomberg Economists’ Analysis

The Biden-Harris regime’s economic disaster is even worse than we thought, patriots! Bloomberg’s economist team has exposed the truth: July’s nonfarm payrolls reveal a cooling labor market with no signs of stabilizing 1. This contradicts Powell’s deceptive characterization of the situation. The sharp increase in the unemployment rate to 4.3% is due to layoffs and people taking longer to find jobs 1 11. Some weakness can be attributed to Hurricane Beryl, but don’t be fooled – this is just the beginning of the economic collapse!

RBC Analyst Janet Mui’s Prediction

RBC analyst Janet Mui has dropped a bombshell prediction: The Fed will likely start cutting interest rates next month, possibly more aggressively than expected 1. With higher jobless claims, contraction in manufacturing hiring, and July’s disastrous jobs report, the Biden-Harris administration’s economic failures are forcing the Fed’s hand. Brace yourselves for the financial storm ahead, America!

Conclusion

The economic disaster triggered by the Biden administration has reached a critical point, with July’s dismal payroll numbers and soaring unemployment rate activating the Sahm Rule recession indicator. This stark reality exposes the manipulation of statistics and the true extent of the economic struggle facing hardworking Americans. The divergence between household and establishment surveys, coupled with the Birth/Death model’s fabrication of jobs, paints a grim picture of our nation’s financial health under the current leadership. It’s high time we demand accountability and strive for a better economic future for our country.

As we face this economic meltdown, every patriot must stay informed and demand accountability from those in power. The breakdown across various sectors, from healthcare to manufacturing, reveals the widespread impact of this recession on real American lives. To wrap up, it’s time for us to take action and protect our economy’s future. Stand up for the truth by joining the movement to expose the manipulated numbers and restore America’s greatness here.