Jobless Claims Surpass Expert Predictions In Biden’s Economy – Opinion

Omicron brought some problems to our society, but deaths are trending downward despite the fact that there have been more Omicron cases than ever before. Hospitalizations will also stay lower than under the previous COVID-19 variants. This proves that Omicron is not as effective as it looks.

But people are expecting the bite, and that’s likely why more people are staying home instead of going out and working. According to the Washington Examiner’s report, unemployment claims rose above what experts had predicted, rising to 207,000 last Wednesday instead of falling to 195,000, as initially forecast. This is on top of the disappointing jobs report from November that also surpassed the expert’s expectations with 300,000 fewer jobs being added to the economy than anticipated.

Omicron can certainly be blamed for some of these problems, but one should also look at the bigger picture and consider whether other factors may have contributed to them.

First, Omicron scare tactics were used by the Biden Administration and its lapdog media to make people afraid. Blue state leaders took action, further complicating and damaging the employment market. Moreover, it’s likely that many private citizens were terrified of going out, choosing instead to file a jobless claim and collect money from the government.

Rest assured, this is purely Biden’s failing and not the private sector’s. Amid all these bleak numbers is the fact that numbers show employers are doing what’s necessary to hang onto employees. According to the Examiner, layoffs happen at a slower rate.

While the new surge in cases could portend bad news for the labor market, it is buttressed by recent weeks of better-than-anticipated jobless claim reports. Last month new claims for unemployment hit the lowest level for initial claims in 52 years, a sign that layoffs are very rare as employers try hard to hold on to workers.

“New jobless claims are up a bit in the latest week but remain close to the lowest levels in decades,” said Mark Hamrick, Bankrate’s senior economic analyst. “This suggests workers can be reasonably confident about job security and an upbeat employment outlook for this year.”

All of this points to the narrative that Omicron is setting America up for failure. It has never been easier to find a job, and keep it. One just has to get out there and get it, but people aren’t doing it.

For those living in blue states, the Biden administration created an uneasy environment. They never know when there will be another regulation or lockdown. Also, privacy confidence is dropping. You never know when you’ll be forced to inject something into your body by your employer or lose your job if you don’t comply. In the last few years, this has been the norm.

If the Biden administration really wanted to restore confidence in the job market, they would have to walk back quite a bit of scaremongering they’ve done over the latest COVID variant, but it doesn’t look like that’s going to happen.

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