• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

May 29, 2025

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Saturday, May 31
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Security video shows brazen sexual assault of California woman by homeless man

    October 24, 2023

    Woman makes disturbing discovery after her boyfriend chases away home intruder who stabbed him

    October 24, 2023

    Poll finds Americans overwhelmingly support Israel’s war on Hamas, but younger Americans defend Hamas

    October 24, 2023

    Off-duty pilot charged with 83 counts of attempted murder after allegedly trying to shut off engines midflight on Alaska Airlines

    October 23, 2023

    Leaked audio of Shelia Jackson Lee abusively cursing staffer

    October 22, 2023
  • Health

    Disparities In Cataract Care Are A Sorry Sight

    October 16, 2023

    Vaccine Stocks—Including Pfizer, Moderna, BioNTech And Novavax—Slide Amid Plummeting Demand

    October 16, 2023

    Long-term steroid use should be a last resort

    October 16, 2023

    Rite Aid Files For Bankruptcy With More ‘Underperforming Stores’ To Close

    October 16, 2023

    Who’s Still Dying From Complications Related To Covid-19?

    October 16, 2023
  • World

    New York Democrat Dan Goldman Accuses ‘Conservatives in the South’ of Holding Rallies with ‘Swastikas’

    October 13, 2023

    IDF Ret. Major General Describes Rushing to Save Son, Granddaughter During Hamas Invasion

    October 13, 2023

    Black Lives Matter Group Deletes Tweet Showing Support for Hamas 

    October 13, 2023

    AOC Denounces NYC Rally Cheering Hamas Terrorism: ‘Unacceptable’

    October 13, 2023

    L.A. Prosecutors Call Out Soros-Backed Gascón for Silence on Israel

    October 13, 2023
  • Business

    EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

    May 29, 2025

    ‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

    May 29, 2025

    DeSantis Signs Bill Making Gold And Silver Legal Tender

    May 28, 2025

    John Deere Announces $20 Billion Plan To Build Up American Manufacturing

    May 28, 2025

    EV Startup Promised To Cut China Ties — Then Reportedly Shared US Data Anyway

    May 27, 2025
  • Finance

    Ending China’s De Minimis Exception Brings 3 Benefits for Americans

    April 17, 2025

    The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

    April 17, 2025

    Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

    April 17, 2025

    How China’s Companies Are Responding to the US Trade War

    April 16, 2025

    The US Flip-flop Over H20 Chip Restrictions 

    April 16, 2025
  • Tech

    Cruz Confronts Zuckerberg on Pointless Warning for Child Porn Searches

    February 2, 2024

    FTX Abandons Plans to Relaunch Crypto Exchange, Commits to Full Repayment of Customers and Creditors

    February 2, 2024

    Elon Musk Proposes Tesla Reincorporates in Texas After Delaware Judge Voids Pay Package

    February 2, 2024

    Tesla’s Elon Musk Tops Disney’s Bob Iger as Most Overrated Chief Executive

    February 2, 2024

    Mark Zuckerberg’s Wealth Grew $84 Billion in 2023 as Pedophiles Target Children on Facebook, Instagram

    February 2, 2024
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Business»Joe Biden’s Jobs Market Would Be Completely Stagnant Without These Three Sectors
Business

Joe Biden’s Jobs Market Would Be Completely Stagnant Without These Three Sectors

December 13, 2023No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
President Biden Meets With Visiting Ukrainian President Zelensky At The White House
Share
Facebook Twitter LinkedIn Pinterest Email

U.S. job growth is being dominated by just three sectors, and without them, the American economy would have only added 7,000 jobs over the last six months, according to data from the Bureau of Labor Statistics.

The government, private education and health services, and leisure and hospitality sectors have made up the vast majority of growth since June as of November, accounting for 1,110,000 of a net total of 1,117,000 jobs that were added over that period, according to the BLS. Other sectors saw little growth or even losses in jobs, led by the transportation and warehousing sector, which lost 57,800 jobs over the last six months. (RELATED: Jim Jordan Subpoenas Top Asset Managers In Woke Investing Collusion Investigation)

The U.S. added 338,000 government jobs in the last six months, equating to around 30% of total employment gains, according to the BLS. In just November, the government added 49,000 new jobs, bringing the total number of employees to 22,967,000, coming close to the record in the sector of 22,996,000 employees seen in May 2010 during the last uninterrupted census counting.

Similarly, the leisure and hospitality and private education and health services sectors saw gains of 230,000 and 556,000 jobs in the last six months, respectively, according to the BLS. The health care industry has received huge federal funding in the form of health insurance subsidies, with the government giving $1.8 trillion to the industry in fiscal year 2023.

Other industries that have seen job losses in the last six months include professional and business services, information, and retail trade, losing 46,000, 66,000, and 57,800, respectively, according to the BLS. Other industries have seen very small gains, including mining and logging, manufacturing, utilities, and financial activities, adding 1,000, 4,000, 4,400, and 17,000 jobs in the last six months.

Business inflation expectations for Dec are back to Oct level of 2.4% – still firmly above the 2% target, yet Powell & Co. sit on their hands… pic.twitter.com/Ac2o4YxJf4

— E.J. Antoni, Ph.D. (@RealEJAntoni) December 13, 2023

In the past six months, jobs related to services have far outpaced growth in jobs related to goods production, according to the BLS. Over the time period, the U.S. added 1,005,000 service jobs while only gaining 112,000 goods-producing jobs.

See also  Streaming device maker Roku to cut 200 jobs in second round of layoffs

Prices have increased 17.2% since President Joe Biden took office in 2021, owing to exceptionally high inflation that peaked at 9.1% year-over-year, while real wages have declined 2.1%. In addition to inflation-related cost increases, businesses are also feeling the effects of the Federal Reserve’s rate hikes, which have increased the cost of credit, hampering growth and hiring.

The gains in government and government-subsidized industries follow huge government spending from the Biden administration, with the U.S. sovereign debt reaching over $33.8 trillion as of Dec. 11, according to the U.S. Treasury Department. When Biden’s failed student loan program is properly accounted for, the federal deficit reached $2 trillion for the 2023 fiscal year, doubling the $1 trillion debt that was spent in the previous year.

The White House did not immediately respond to a request to comment from the Daily Caller News Foundation.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

Bidens Completely Jobs Joe market sectors Stagnant
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

May 29, 2025

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025

John Deere Announces $20 Billion Plan To Build Up American Manufacturing

May 28, 2025
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Mike Pompeo Announces He Will Not Run for President in 2024 | The Gateway Pundit

April 15, 2023

First-quarter S&P 500 earnings seen down 4.8%-Refinitiv

April 15, 2023

Macy’s Allows Customers To Choose Santa’s Race For Customized Christmas Celebration

December 23, 2023

Weight-Loss Drug Wegovy Will Launch In More Countries Despite Ongoing Struggles Over Stellar Demand, CEO Says

August 25, 2023
Don't Miss

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

Business May 29, 2025

Consumers’ Research issued a “Woke Alert” on Thursday warning American shoppers that three European companies…

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025

John Deere Announces $20 Billion Plan To Build Up American Manufacturing

May 28, 2025
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,136)
  • Entertainment (4,220)
  • Finance (3,202)
  • Health (1,938)
  • Lifestyle (1,645)
  • Politics (3,084)
  • Sports (4,036)
  • Tech (2,006)
  • Uncategorized (4)
  • World (3,944)
Our Picks

New York City Mayor Adams Appoints First Ever ‘Rat Czar’ Kathleen Corradi

April 20, 2023

ESPN Broadcaster Collapses During Live Broadcast

July 24, 2023

Congress passes stopgap bill to avoid government shutdown, no Ukraine aid

October 1, 2023
Popular Posts

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

May 29, 2025

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025
© 2025 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.