Another Major Disappointment: U.S. Economy Only Adds 235k Jobs in August vs. 720k Expected

Another Major Disappointment: U.S. Economy Only Adds 235k Jobs in August vs. 720k Expected
(Photo by Mario Tama/Getty Images)

August’s numbers are in, and it has been another disappointing jobs report for Joe Biden.

While the economy was expected to add 720,000 jobs, only 235,000 ended up actually being added. Back in April Biden presided over the largest jobs report miss since 1998, with the economy only adding 266,000 jobs – 800,000 short of expectations.

August’s total represents the worst jobs report since January in terms of new jobs added.

 

Meanwhile, White House Chief of Staff Ronald Klain predicted yesterday that “Even with the impact of Delta, the Biden economic plan is producing growth and a stronger jobs market.”

Oops.

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