{"id":1966816,"date":"2023-07-07T14:59:01","date_gmt":"2023-07-07T18:59:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidenomics-in-action-june-jobs-growth-drops-below-expectations\/"},"modified":"2023-07-07T15:34:18","modified_gmt":"2023-07-07T19:34:18","slug":"bidenomics-in-action-june-jobs-growth-drops-below-expectations","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidenomics-in-action-june-jobs-growth-drops-below-expectations\/","title":{"rendered":"&#8216;Bidenomics at Work&#8217;: June Jobs Growth Falls Short"},"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\">16<\/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%2Fbidenomics-in-action-june-jobs-growth-drops-below-expectations%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=1966816&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--><div>\n<h2>U.S. Employment Growth Falls Short of Expectations<\/h2>\n<p>According to the Bureau of Labor Statistics, U.S. <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/florida-bill-restricting-college-scholarship-fund-could-impact-woke-majors\/\" title=\"Florida Bill Restricting College Scholarship Fund Could Impact \u2018Woke\u2019 Majors\">employment growth<\/a> in June fell short of expectations by tens of thousands of jobs. Payrolls increased by 209,000, well below the consensus estimates of 240,000. This could be a possible sign of economic cooling. The June numbers mark the lowest monthly job creation rate since December 2020. However, the unemployment rate showed little change, dropping to 3.6 percent from the May figure of 3.7 percent.<\/p>\n<h3>Americans Dissatisfied with the Economy under Biden<\/h3>\n<p>While President Joe Biden has touted &#8220;Bidenomics&#8221; as a main aspect of his reelection campaign, recent polls have found that around two-thirds of Americans are dissatisfied with the economy under Biden, as reported by the Washington Free Beacon. In a statement, Biden declared that the June jobs report represents &#8220;Bidenomics in action,&#8221; showing stable and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/the-united-states-and-china-trade-blows-at-alaska-talks-what-you-need-to-know\/\" title=\"The United States And China Trade Blows At Alaska Talks: What You Need To Know\">steady growth<\/a>.<\/p>\n<h3>Strong Average Hourly Earnings and Employment Gains in Government<\/h3>\n<p>The report found that average hourly earnings remained strong, growing by 4.4 percent from last year. The biggest <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fed-found-economy-is-recovering-much-faster-than-officials-expected\/\" title=\"Fed Found Economy Is Recovering Much Faster Than Officials Expected\">employment gains<\/a> came in the government sector, which added over 60,000 jobs, mostly at state and local levels. Other <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidenomics-in-action-june-jobs-growth-drops-below-expectations\/\" title=\"'Bidenomics at Work': June Jobs Growth Falls Short\">sectors experiencing strong growth include health care<\/a> and construction industries.<\/p>\n<h3>Slow Growth in Leisure and Hospitality, Job Losses in Retail and Transportation<\/h3>\n<p>In line with recent trends, the leisure and hospitality sector experienced <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/four-reasons-lumber-prices-are-skyrocketing\/\" title=\"Four Reasons Lumber Prices Are \u2018Skyrocketing\u2019\">slow growth<\/a>, adding just 21,000 jobs. On the other hand, the retail and transportation sectors lost workers.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>U.S. employment growth in June disappointed, with only 209,000 new jobs added, falling short of the expected 240,000. This lower figure suggests a potential slowdown in the economy. June&#8217;s job creation is the lowest in recent months, as reported by the Bureau of Labor Statistics.<\/p>\n","protected":false},"author":2109,"featured_media":1966817,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"&#8216;Bidenomics at Work&#8217;: June Jobs Growth Falls Short","footnotes":""},"categories":[544],"tags":[],"class_list":["post-1966816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-free-beacon"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"&#8216;Bidenomics at Work&#8217;: June Jobs Growth Falls Short","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1966816","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\/2109"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1966816"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1966816\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1966817"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1966816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1966816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1966816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}