Now We Know Why – RedState

Workers continued to leave their jobs at a record pace in August with the number of “quits” surging to 4.3 million for the month, the Labor Department reported Tuesday — an increase of 242,000 from September.

August quits hit the new “series high” going back to December 2020  [note: after Joe Biden’s election], according to the department’s Job Openings and Labor Turnover Survey, as reported by CNBC. This rate is compared to total employment.

James Carville was a political strategist who in 1992 created a phrase while advising Bill Clinton on his winning run for the White House. It has been around ever since.

“It’s the economy, stupid.”

What is causing the August record-breaking job loss?

“It’s not the economy, stupid.”

Not even close.

As reported by The New York Times, CNBC, Fox Business, and other outlets, the economy was expected to rebound strongly in 2021 and has done so — relatively speaking, that is [in my opinion]Even with the horrible September jobs report, it was still a positive result.

So, what’s the point? do experts point toIs this a significant factor in the decision? In a word, President “Build Back Better” not only has no idea what he’s doing as it relates to so-called “job creation” by the federal government — the government doesn’t create jobs despite president after president claiming they do, which is another topic for another time — Corn Pop’s pal cluelessly continues to nearly singlehandedly DisableU.S. employment market.

Let’s sum it up this way:

“It’s COVID, stupid.”

More precisely, it’s Biden, CNN, MSNBC, school boards, teachers’ unions, airlines — the list goes on — scaring the hell out of everyday Americans in droves. Here’s more from CNBC:

Working people who are confident in being able to find employment elsewhere have traditionally been known as quitting. But, the COVID-19 crisis has changed labor dynamics. Workers have left their jobs because of health concerns and child care issues unique to the pandemic’s circumstances.

The total number of workers who left the accommodation and food service industries was 892,000. 721,000 workers were also fired from retail, as well as 534,000 workers who work in social services and health care.

CNBC quoted Elise Gould as senior economist, Economic Policy Institute. She said that the decline in August job opportunities and the surge in quit rates were linked to the increase in COVID cases. This means that tens, if not millions, of people are still freaked. (Biden unavailable for comment [lying]

“As job openings and hires fell in August, the quits rate hit a new series high, surging along with the August rise in COVID cases and likely growing concerns about working in the continuing pandemic.”

CNBC noted that COVID cases are on the decline in the US, although some health professionals fear about an additional rise in cold months. Hmm I wonder who “some health care professionals” are? You ‘spose one of their names start with an “F” and ends in “auci”? Keebler Elf, the attention-seeking Keebler will keep banging that drum until it is no more possible to hold a drumstick.

Chris Rupkey, chief economist at Fwdbonds, echoed Gould’s thoughts, as transcribed by CNBC:

“There is an enormous labor shortage in the country right now and it is not just because people are quitting or have child care problems, or can’t get to work due to the Delta variant. The economy is strong as a bull, that is why there is a tremendous demand for labor.”

Finally, the quote from Gregory Daco, chief U.S. economist at Oxford Economics, further points to the current schizophrenic, often oxymoronic goings-on in Joe Biden’s whole economic mess. The NYT

“Consumers are now back in the driver’s seat when it comes to economic activity, and that’s the way we like it. A consumer that is feeling confident about the outlook will generally spend more freely.”

Without salespeople who can sell customers the products they are interested in, drivers to transport it or retailers to store it for them, it is a problem.

About Post Author

Follow Us