The release of the June jobs report confirms what many Americans have been feeling for months: Joe Biden’s failed Bidenomics agenda has driven our unemployment rate to the highest it’s been in over two and a half years, pushing America closer and closer to a recession.

 

Here are the critical insights from the report:

• Joe Biden’s failed Bidenomics agenda has driven our unemployment rate to the highest it’s been in two and a half years, creeping America closer and closer to a recession.
• In what has been labeled a clear slowdown” and “not a great report, the U.S. economy added 206,000 jobs in June and the unemployment rate increased to 4.1%.
• The unemployment rate is now at its highest in over two and a half years – since November 2021.
  • In addition to the overall unemployment rate increasing, the unemployment rate rose for women, Black Americans, Asian Americans, Veterans, persons with disability, and those who attended some college or associates degree.
• Job gains for April and May were revised down by a whopping 111,000.
• The U-6, a broader measure of joblessness remains at 7.4% – and has been on a steady rise since November.
• Economists are warning that “recession risks are elevated” due to the unemployment rate’s continuing creep upwards.
• Families across America are struggling, and it's clear we need policies that prioritize economic growth, create jobs, raise real wages, and restore our economy.