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Watch Jen Psaki Find Out the Horrendous Job Numbers LIVE on MSNBC


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The November job numbers were terrible.

So terrible that even Jen Psaki had a hard time hiding her dismay.

During a live interview on MSNBC, Mika Brzezinski revealed the latest job figures to Psaki.

Her response was so awkward that it needs no introduction.

Watch it below:

Seriously??

She’s not allowed to comment on it?

Then why is she on national television commenting on all things Biden and all things politics?!

It’s her JOB to comment on these numbers.

Clearly, she was caught off guard and couldn’t spin the bad news fast enough.

Honestly, I’m surprised she didn’t tell Mika Brzezinski that she would “circle back” with more information.

Keep in mind that Wall Street expected over half a million jobs to be created.

How many were actually added?

Just 210,000.

In other words, Biden missed the estimate by 363,000 jobs.

Ouch.

Even CNBC confirms:

The U.S. economy created far fewer jobs than expected in November, in a sign that hiring started to slow even ahead of the new Covid threat, the Labor Department reported Friday.

Nonfarm payrolls increased by just 210,000 for the month, though the unemployment rate fell sharply to 4.2% from 4.6%, even though the labor force participation rate increased for the month to 61.8%, its highest level since March 2020.

The Dow Jones estimate was for 573,000 new jobs and a jobless level of 4.5% for an economy beset by a chronic labor shortage.

A more encompassing measure of unemployment that includes discouraged workers and those holding part-time jobs for economic reasons dropped even more, tumbling to 7.8% from 8.3%. The household survey painted a brighter picture, with an addition of 1.1 million jobs as the labor force increased by 594,000.

“This report is a tale of two surveys,” said Nick Bunker, economic research director at jobs placement site Indeed. “The household survey shows accelerating employment gains, workers returning to the labor force, and low levels of involuntary part-time work. The payroll survey shows a significant deceleration in job growth, particularly in COVID-affected sectors.”

“The underlying momentum of the labor market is still strong, but this month shows more uncertainty than expected,” he added.

Now that we have a new COVID variant, odds are that jobs numbers will get WORSE.

This is terrible news heading into the busy holiday season.

Of course, the media will attempt to “spin” this to make the HORRIBLE job numbers look good for Joe Biden.

If it were President Trump, they’d be talking about the “underwhelming” and “disappointing” numbers.

But the media is already covering for Biden.

Look at how the New York Times is claiming the jobs report is actually “better than it looks”:

Everything in the November jobs numbers Friday was good except for the number that usually gets the most attention.

The 210,000 jobs that U.S. employers added last month was far below analyst expectations. But most of the other evidence in the report points to a job market that is humming. An open question a few months ago — is this a tight labor market or a loose one? — is quickly being settled in favor of “tight.”

Most notably, the jobless rate fell to 4.2 percent from 4.6 percent, a remarkable swing in a single month. The speed with which unemployment has gone from a grave crisis to a benign situation is astounding. Unemployment was 6.7 percent last December. In one year, we’ve experienced an improvement that took three and a half years in the last economic cycle (March 2014 to September 2017).

[…]

But in terms of policy, this increasingly looks like an economy on the right track. The work of macroeconomic stabilization appears to be pretty much complete. At its coming policy meeting, the Federal Reserve will seriously consider winding down its program of bond-buying faster than planned, Chair Jerome Powell said this week.

Despite the soft job creation numbers, the overall November employment report appears to support those plans. Fed officials would like to see a stronger rebound in labor force participation, but that measure was at least heading in the right direction in November. And ultimately it isn’t Fed policy that will decide whether, for example, a 62-year-old who left his job during the pandemic decides to start working again.

If anything, the new numbers support the idea that the Fed has found itself out of position, with a monetary policy that is looser than it should be at a time when the labor market is quite healthy and with inflation far above its target.

It’s a miracle that people still believe the fake news media.

It should be obvious by now that the media will cover for Joe Biden no matter the cost.

But it’s disappointing to see the media openly bend over backwards for this administration.

How do you think Jen Psaki handled the interview?

Let us know in the comments section below!



 

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