In his scathing critique of the Biden administration’s economic policies, Florida Senator Scott has called out the government’s failure to be transparent and honest with the American people.
“It’s time for fiscal responsibility at the White House and in Congress and for the Biden administration to stop lying about job growth,” Scott said Friday.
The recent Bureau of Labor Statistics’ May jobs report has cast a troubling spotlight on the Biden administration’s handling of the economy.
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The data reveals a concerning trend – year-over-year, part-time employment has surged by a staggering 1.5 million jobs, a 5.8% increase.
This stark reality confirms that the administration’s economic policies have continued to fuel inflation, forcing Americans to take on multiple jobs just to make ends meet, according to Scott.
The latest jobs report revealed a slight increase in the unemployment rate, which rose from 3.9% in April to 4.0% in May. This uptick in the unemployment rate came as a surprise, as economists had expected it to remain unchanged.
“Under Joe Biden’s watch and his so-called economic plan, known as ‘Bidenomics,’ full-time jobs have decreased while the price of groceries, gas, rent and mortgages have skyrocketed. Unemployment is now 4% and we now have more Americans working multiple jobs and part-time jobs,” blasted Scott.
“In what world can the administration say their handling of the economy is good? The Biden administration has killed jobs and the American people are feeling the consequences every day. Americans shouldn’t have to work two and three jobs just to make ends meet. It’s time Washington started living within its means and I won’t stop fighting until that happens,” Scott said.
Economists anticipated that the country would add 190,000 jobs in May compared to the 175,000 jobs that were added in initial estimates for April and that the unemployment rate would remain unchanged at 3.9%.
The job gains follow predictions that the economy is slowing down, with an early estimate for second-quarter gross domestic product (GDP) being revised to 1.8% from 4.2% over the last month by the Federal Reserve Bank of Atlanta.
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