July 14, 2022, Fairfax, Va.—Americans for Limited Government President Rick Manning today issued the following statement on the latest jobless claims:
“Initial jobless claims continue to climb and are beginning to reach alarming levels. The three-month climb takes jobless claims from a very low 166,000 a week in March, to a steadily rising 244,000 a week now. With President Biden desperately clinging to jobs growth as his economic proof point, the White House must be beginning to hit the panic button over the gathering dark clouds over labor markets. The increasing number of layoffs is fortunately still being offset by the number of job openings that are being filled. But with more employers slowing hiring, expect those numbers to come down soon. Nothing lasts forever.”
Attachments:
“How bad will Biden’s recession be?” By Robert Romano, Vice President of Public Policy, Americans for Limited Government Foundation, July 12, 2022 at https://dailytorch.com/2022/07/how-bad-will-bidens-recession-be/
For media availability contact Americans for Limited Government at media@limitgov.org.
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