After winning the 2020 election, Joe Biden and the Pravda-dems often mentioned the phrase “Build back better.”
Before the Coronavirus pandemic, President Trump has made a huge impact on the history of the US economy.
And this happened after Trump’s era.
Records show that in just a matter of a week, the number of unemployed who filed for initial jobless claims has reached 51,000, US Labor Department reported.
This increase per week is beyond the estimated number that the government is expecting, this happened for days after applicants were rejected due to a pandemic low started in the first week of July.
The overall unemployment data that were submitted last week was 419,000.
Here’s a report from The Department of Labor:
In the week ending July 17, the advance figure for seasonally adjusted initial claims was 419,000, an increase of 51,000 from the previous week’s revised level. The previous week’s level was revised up by 8,000 from 360,000 to 368,000. The 4-week moving average was 385,250, an increase of 750 from the previous week’s revised average. The previous week’s average was revised up by 2,000 from 382,500 to 384,500.
Unemployment Insurance Weekly Claims
Initial claims were 419,000 for the week ending 7/17 (+51,000).
Insured unemployment was 3,236,000 for the week ending 7/10 (-29,000).https://t.co/ys7Eg5LKAW
— US Labor Department (@USDOL) July 22, 2021
Around two dozen states, most of which have Republican governors, have stopped adding $300 in federal money to their unemployment benefits. The extra money is set to expire nationwide in September and even Biden himself admitted last night that it is “keeping people from going back to work.”
Watch it here: YouTube/GOP War Room
The federal money is undoubtedly the main reason that the job market has stagnated, but it does not explain all of the claims are currently being filed.
The astonishing number of new submissions has not been reflected in the total of continuing unemployment claims since claims updates are a week behind. As of July 10th, continuing claims are down by 29,900, but they are expected to climb rapidly over the next few weeks as the reporting catches up.
This is indeed an alarm of what we are facing a few months from now.
More lockdowns and mask-wearing policies are about to implement and people should be prepared.
The new current administration watch is giving our nation a new name as the “worse place,” and sleepy-Joe is using his new weapon (the delta variant) and the anti-American policy for him to change this country.