US Economy Adds 114,000 Jobs in July, Far Fewer Than Expected

In July, U.S. job creation came to a sudden halt, and the jobless rate unexpectedly rose to its highest level in over three years.

According to data released by the Labor Department on Friday, employers added 114,000 jobs in July, which was below the 175,000 job increase anticipated by LSEG economists. Furthermore, the jobless rate unexpectedly climbed to 4.3% from 4.1%, contrary to predictions that it would remain unchanged.

“It marked the highest level for the jobless rate since October 2021,” reported Fox Business.

“Temperatures might be hot around the country, but there’s no summer heatwave for the job market,” commented Becky Frankiewicz, president of ManpowerGroup North America. “With across-the-board cooling, we have lost most of the gains we saw from the first quarter of the year.”

In other news, a new survey brought good news for former President Donald Trump following President Joe Biden’s decision to drop his re-election bid and endorse Vice President Kamala Harris.

The CNN survey showed that 49 percent of respondents supported Trump, while 46 percent backed Harris. The poll was conducted by SSRS.

The poll included registered voters who had previously participated in CNN surveys in April and June, where Trump was leading Biden by 6 points.

According to Newsmax, the poll revealed:

• 64% believed Republicans have a better chance of winning the presidency in 2024 if Trump is the party’s nominee.
• 50% said their vote is more in support of Harris than against Trump, compared to 37% of Biden’s supporters who said their vote was mainly to express support for the president.
• 74% stated their vote is to express support for Trump rather than opposition to Harris.
• Among Harris supporters younger than 45, 43% indicated their vote is more in support of her than against Trump, an increase from 28% of Biden voters in that age group who felt the same way about the president in June.
• Democrats and Democrat-leaning voters are divided over whether the next nominee should continue Biden’s policies (53%) or take the country in a new direction (47%).
• 88% of Republicans and Republican-leaning voters believe Republicans have a better chance of winning with Trump as the nominee.

Elon Musk, the billionaire entrepreneur and X platform boss, quickly criticized Harris after Biden endorsed her.

“It has been the greatest honor of my life to serve as your President,” Biden wrote in a letter posted to social media and other platforms on Sunday. “And while it has been my intention to seek reelection, I believe it is in the best interest of my party and the country for me to stand down and to focus solely on fulfilling my duties as President for the remainder of my term.”

Shortly after, he endorsed Harris. “My very first decision as the party nominee in 2020 was to pick Kamala Harris as my Vice President,” Biden said. “And it’s been the best decision I’ve made.

“Today I want to offer my full support and endorsement for Kamala to be the nominee of our party this year. Democrats — it’s time to come together and beat Trump. Let’s do this,” he added.

Musk then posted an older video clip of Harris chairing a meeting where she introduces herself by saying: “Good afternoon. I want to welcome these leaders for coming in to have this very important discussion about some of the most pressing issues of our time. I am Kamala Harris. My pronouns are ‘she’ and ‘her.’ I am a woman sitting at the table wearing a blue suit.”

In his post, Musk wrote: “Imagine 4 years of this…”

The remarks were from a “roundtable with disability advocates,” according to a White House transcript, held on July 26, 2022.

Others also mocked Harris. At the time, GOP Rep. Lauren Boebert of Colorado posted on X: “Kamala Harris just introduced herself with she/her pronouns at an official event. She then clarified that she was a ‘woman’ sitting at the table wearing a blue suit. This is what happens when your speechwriter quits and you hang around with Geriatric Joe too long.”

Fox News host Sean Hannity, during a Monday show segment, stated that Harris is most guilty of covering for Biden during their nearly four-year term as his mental health and acuity declined.

The segment featured Dr. Ronny Jackson, a former White House physician and now GOP congressman from Texas, who knew Biden well while serving as then-President Barack Obama’s personal doctor, as well as longtime journalist Charlie Hurt, who directly blamed Harris for hiding Biden’s condition from the country for years.