August labor report shows jobs predictions missed the mark by almost half a million jobs

The Biden administration received some bad news in the form of their August jobs report, according to The Conservative Brief

Despite businesses actively looking for workers nationwide, the economy added just 235,000 jobs in August, according to a report in The Daily Wire.

This falls well below the predicted 720,000 economists’ believed would be added, and it’s also a drastic downturn from the previous two months.

The Daily Wire reported that 962,000 jobs were added in June and another 1.1 million in July, according to Department of Labor data released Friday.

Jobs’ report disappointing check in is thought to be due to the continued collection of federal unemployment benefits that are set to expire for workers who have taken advantage of the COVID-era benefits.

In an economy where employers nationwide are reducing hours due to a lack of employees, it was expected that Americans would be ready to get back to work after the national shutdown.

However, Biden indicated that he and his administration were unphased by the report from the labor department, saying that he would solve the jobs issue:

“While I know some want to see a larger number today and so did I, what we’ve seen this year is a continued growth, month after month in job creation,” he said.

“There’s no question that the Delta variant is why today’s job report isn’t stronger,” he said. “I know people were looking, and I was hoping, for a higher number.”

Journalists’ nationwide were less than enthusiastic in their reporting of the unexpectedly low jobs totals:

“August Jobs Report: + 235,000 (economist forecasts: 725,000) That is what one would call a big, big miss. Unemployment rate: 5.2%,” Phil Mattingly, a CNN White House correspondent, said.

“Jobs report is dismal. Reports suggest at least nine million jobs open. Covid changed the way America views work,” Fox News’ Bill Hemmer said.

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