Workers continued to leave their jobs at a record pace in August with the number of “quits” surging to 4.3 million for the month, the Labor Department reported Tuesday — an increase of 242,000 from July.
August quits hit the new “series high” going back to December 2020 [note: after Joe Biden’s election], according to the department’s Job Openings and Labor Turnover Survey, as reported by CNBC. The rate is measured against total employment.
Political strategist James Carville in 1992 coined a phrase when he was advising Bill Clinton in his successful run for the White House that has hung around ever since:
“It’s the economy, stupid.”
Guess what is to blame for the record number of job losses in August?
“It’s not the economy, stupid.”
Not even close.
As reported by The New York Times, CNBC, Fox Business, and other outlets, the economy was expected to rebound strongly in 2021 and has done so — relatively speaking, that is [in my opinion], despite the disastrous September jobs report.
So what do experts point to as a major factor? In a word, President “Build Back Better” not only has no idea what he’s doing as it relates to so-called “job creation” by the federal government — the government doesn’t create jobs despite president after president claiming they do, which is another topic for another time — Corn Pop’s pal cluelessly continues to nearly singlehandedly destroy the U.S. jobs market.
“Quits hit a new series high going back to December 2000, as 4.3 million workers left their jobs.”
The Biden Admin has created a culture that fosters unemployment. We saw it with the jobs report and we’re seeing it with these numbers too.https://t.co/q39V83C0VE
— Markwayne Mullin (@RepMullin) October 13, 2021
Let’s sum it up this way:
“It’s COVID, stupid.”
More precisely, it’s Biden, CNN, MSNBC, school boards, teachers’ unions, airlines — the list goes on — scaring the hell out of everyday Americans in droves. Here’s more from CNBC:
Quits have been seen historically as a level of confidence from workers who feel they are secure in finding employment elsewhere, though labor dynamics have changed during the COVID-19 crisis. Workers have left their jobs because of health concerns and child care issues unique to the pandemic’s circumstances.
A total of 892,000 workers in the food service and accommodation industries left their jobs, while 721,000 retail workers departed along with 534,000 in health care and social assistance.
According to Elise Gould, senior economist at the Economic Policy Institute, as quoted by CNBC, the fall in August job openings and surge in quit rates tracked with the rise in COVID cases, as tens of millions of people remain freaked out. (Biden unavailable for comment [lying].)
“As job openings and hires fell in August, the quits rate hit a new series high, surging along with the August rise in COVID cases and likely growing concerns about working in the continuing pandemic.”
COVID cases have since been on the decline nationally, as noted by CNBC, though some health care professionals worry about another rise during the colder months. Hmm I wonder who “some health care professionals” are? You ‘spose one of their names start with an “F” and ends in “auci”? The attention-whoring Keebler Elf will continue to bang that drum until he can no longer hold a drumstick.
Chris Rupkey, chief economist at Fwdbonds, echoed Gould’s thoughts, as transcribed by CNBC:
“There is an enormous labor shortage in the country right now and it is not just because people are quitting or have child care problems, or can’t get to work due to the Delta variant. The economy is strong as a bull, that is why there is a tremendous demand for labor.”
Finally, the quote from Gregory Daco, chief U.S. economist at Oxford Economics, further points to the current schizophrenic, often oxymoronic goings-on in Joe Biden’s whole economic mess. Via the NYT:
“Consumers are now back in the driver’s seat when it comes to economic activity, and that’s the way we like it. A consumer that is feeling confident about the outlook will generally spend more freely.”
The problem(s) being without salespeople to sell consumers the stuff they want to buy, truck drivers to deliver it, or stores to stock it, to paraphrase Hillary, what difference does it make?