It’s only been a month folks.
Just when Biden couldn’t get any worse news, it appears that employment in U.S. companies declined in January by the most since the pandemic began due to the Omicron variant and a number of other key mistakes made by the Biden administration.
According to Fortune, ADP Research Institute data showed that 301,000 jobs were lost in the month of January. This comes as a bombshell to economists since they expected there to actually be a close to 200,000 job RISE in employment.
The Biden Administration blamed the shocking loss of the 300,000+ jobs on a surge in COVID-19 infections which resulted in many business closures.
Nela Richardson, ADP’s chief economist, stated, “The labor market recovery took a step back at the start of 2022 due to the effect of the Omicron variant and its significant, though likely temporary, impact to job growth.”