{"id":1214076,"date":"2022-01-13T12:34:49","date_gmt":"2022-01-13T17:34:49","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1214076"},"modified":"2022-01-13T12:34:52","modified_gmt":"2022-01-13T17:34:52","slug":"cnbc-guest-the-economy-hasnt-added-one-single-job-since-2019","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/cnbc-guest-the-economy-hasnt-added-one-single-job-since-2019\/","title":{"rendered":"CNBC Guest: The Economy Hasn\u2019t Added One Single Job Since 2019"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcnbc-guest-the-economy-hasnt-added-one-single-job-since-2019%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1214076&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>President Joe Biden and his team often claim that their administration is breaking all sorts of records for job growth, such as creating 6.4 million jobs during his first year in office. The only problem with that boast is that many experts say it\u2019s not quite accurate. On Wednesday, ADP\u2019s chief economist Nela Richardson told CNBC that the United States hasn\u2019t produced any new jobs since 2019. In a separate story, The Daily Wire\u2019s Morning Wire podcast broke down the economy more in depth.<\/p>\n<p>\u201cThe economy, and this is an important point, hasn\u2019t added one single job from the 2019 high-water mark. Not one. All the jobs that we have seen gained are recovered jobs that were lost,\u201d Richardson said. \u201cWe\u2019re not yet producing new jobs, in fact, we\u2019re still about nearly 4 million jobs short, so these wage gains are coming on top of a shrinking workforce, and it\u2019s not being fueled by productivity enhancements.\u201d<\/p>\n<p>Highlighting that interview, the Job Creators Network tweeted, \u201cAll jobs added so far are simply recovered jobs, previously lost during lockdowns. At a time when our economy should be booming, Biden\u2019s war on small business is restraining our economic growth.\u201d<\/p>\n<p lang=\"en\" dir=\"ltr\">FACT: Joe Biden hasn&#8217;t added a single job from 2019 highs.<\/p>\n<p>All jobs added so far are simply recovered jobs, previously lost during lockdowns. At a time when our economy should be booming, Biden&#8217;s war on small business is restraining our economic growth.<a href=\"https:\/\/t.co\/w3JXgSVcNl\">pic.twitter.com\/w3JXgSVcNl<\/a><\/p>\n<p>\u2014 Job Creators Network (@JobCreatorsUSA) <a href=\"https:\/\/twitter.com\/JobCreatorsUSA\/status\/1481307518601207813?ref_src=twsrc%5Etfw\">January 12, 2022<\/a><\/p>\n<p>Furthermore, Morning Wire <a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/high-inflation-and-voting-rights\/id1576594336?i=1000547764776\">reported<\/a> on Thursday that while the U.S. economy added 6.4 million jobs last year, economists have stated that the economy would have produced that many jobs if Biden had done nothing at all.<\/p>\n<p>According to Morning Wire, the Congressional Budget Office estimated last February that the U.S. economy would add an average of 521,000 jobs a month between the fourth quarter of 2020 and the fourth quarter of 2021.<\/p>\n<p>That was a bit of an overestimation as the U.S. economy only added 6,116,000 total jobs during that time. Still, President Biden claimed credit for that job \u201ccreation,\u201d claiming that his $1.9 trillion stimulus bill known as the \u201cAmerican Rescue Plan,\u201d was to thank for the economy\u2019s so-called success. But he and congressional Democrats promised that if Congress passed his economic measures, they would produce millions more jobs.<\/p>\n<p>Biden said that plan would create 7 million new jobs and Speaker of the House Nancy Pelosi promised 4 million new jobs. Morning Wire noted that in November, Vice President Kamala Harris promised even more jobs.<\/p>\n<p>In short, the administration promised several million jobs in addition to the 6 million the economy produced. That means Biden administration was predicting the economy should have produced 10-and-a-quarter million jobs last year. But with spending increases and inflation woes, the official tally was nowhere close to that amount.<\/p>\n<p>As a result, CNBC also reported Wednesday that Biden\u2019s \u201cmissed expectations\u201d&nbsp; in terms of job growth and the economy have severely hurt him amongst voters:<\/p>\n<p><em>Some 58% of voters say they disapprove of how Biden is handling the U.S. job market, according to a&nbsp;<a href=\"https:\/\/www.cnbc.com\/2022\/01\/04\/biden-disapproval-rating-high-voters-blame-him-on-economy-cnbc-poll.html\">CNBC\/Change Research poll<\/a>&nbsp;published earlier this month. That\u2019s even worse than their views on the job market overall: 52% of those surveyed said they see the current state of the U.S. job market as either \u201cpoor\u201d or \u201cnot so good.\u201d<\/em><\/p>\n<p>To listen to Morning Wire podcast, please click <a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/high-inflation-and-voting-rights\/id1576594336?i=1000547764776\">here<\/a>.<\/p>\n<p>The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a&nbsp;<a href=\"https:\/\/www.dailywire.com\/subscribe\">member<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden and his team often claim that their administration is breaking all sorts of records for job growth, such as creating 6.4 million jobs during his first year in office. The only problem with that boast is that many experts say it\u2019s not quite accurate. On Wednesday, ADP\u2019s chief economist Nela Richardson told &#8230;<\/p>\n","protected":false},"author":326,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1214076","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1214076","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/326"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1214076"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1214076\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1214076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1214076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1214076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}