The Labor Department says the economy generated only 18,000 net jobs in June. Pelosi -- we've got it on tape -- said that 400,000 jobs would be created immediately after Obamacare was passed. Biden said we'd be creating, what, 500,000 jobs a month because of the stimulus. Yeah, 500,000 jobs each month, and yet only 18,000 jobs were added in this, our second Summer of Recovery. And they finally report this, folks, in the story. Last month's job number was revised down by almost half. So May's unemployment was probably 9.2% as well. Only 18,000 jobs were added in June, and that's gonna be revised down next month. All these numbers changed; they just never tell us the next month how they were wrong.
Now, notice how yesterday the AP and the rest of the media latched onto the ADP claim, the payroll agency, that 157,000 jobs have been added in the private sector. They did the same thing last month, too, but once again the news media and the rest of the Democrat Party find out it's easier to talk us into a recession than to talk us out of one. They're doing their best to talk us out of this, but they just can't. They admit in this story that the revised numbers, the supposed jobs created last month, no, it was 3,000 less than we thought, had been revised down. My point is this 18,000 jobs they say were created in June, it's gonna be 12 to 13 by the time this is revised in a couple weeks. You just won't see it reported.
When it goes down significantly (????) then it will be Obama's economy.