{"id":303,"date":"2023-01-25T01:16:46","date_gmt":"2023-01-25T01:16:46","guid":{"rendered":"https:\/\/edenreports.com\/?p=303"},"modified":"2023-01-25T01:16:47","modified_gmt":"2023-01-25T01:16:47","slug":"biden-claims-unemployment-is-at-a-record-low-and-hes-helped-create-the-most-jobs-in-american-history","status":"publish","type":"post","link":"https:\/\/edenreports.com\/index.php\/2023\/01\/25\/biden-claims-unemployment-is-at-a-record-low-and-hes-helped-create-the-most-jobs-in-american-history\/","title":{"rendered":"Biden Claims Unemployment is at a Record Low, and He’s Helped Create the Most Jobs in American History"},"content":{"rendered":"\n

On Sunday, President Joe Biden took to Twitter<\/a> to praise his administration’s “accomplishments,” saying, “With unemployment at a record low and the two strongest years of job creation in our history, I know America’s best days are ahead.”<\/p>\n\n\n\n

However, some people may not feel that way. United States workers have been hit by a recent slew of mass layoffs<\/a>, from large corporations like Google, Amazon, and Microsoft to smaller businesses.<\/p>\n\n\n\n

ResumeBuilder.com<\/a> reports that one in three companies expects to lay off 30% or more of their employees, while six out of ten companies anticipate laying off employees in 2023.<\/p>\n\n\n\n

According to a recent survey by ResumeBuilder.com<\/a>, a staggering 61% of business leaders anticipate layoffs in 2023, with 57% estimating that 30% or more of their workforce will be affected. Additionally, 70% of companies are planning to implement a hiring freeze in the same year. The survey<\/a> also revealed that 34% of organizations are cutting back on holiday gifts or bonuses, while 27% have reduced the salaries of current employees.<\/p>\n\n\n\n

The <\/strong>survey<\/a> of 1,000 business leaders paints a bleak picture of the employment outlook for 2023<\/strong>, with many companies bracing for significant workforce reductions.<\/p>\n\n\n\n

Some individuals suggest<\/a> that the majority of employment growth in recent years is simply a result of people being rehired after experiencing layoffs or quitting and businesses reopening after being forced to shut down.<\/p>\n\n\n\n

The New York Post<\/a> says that the U.S. reached a record high of 152.5 million total nonfarm employees in February 2020. However, the outbreak of the disease significantly reduced that number to 130.5 million. Despite a gradual increase in employment, the latest count stands at 150.9 million, still not reaching pre-outbreak levels, meaning no new jobs have been created<\/strong>.<\/p>\n\n\n\n

In addition, the World Bank<\/a> warns that the global economy may be on the brink of a recession, and with the combination of ongoing stagflation, job losses, and bankruptcies that the U.S. is experiencing, the country’s economic growth outlook<\/a> appears dismal.<\/p>\n","protected":false},"excerpt":{"rendered":"

On Sunday, President Joe Biden took to Twitter to praise his administration’s “accomplishments,” saying, “With unemployment at a record low and the two strongest years of job creation in our history, I know America’s best days are ahead.” However, some people may not feel that way. United States workers have been hit by a recent slew of mass […]<\/p>\n","protected":false},"author":1,"featured_media":304,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[129,123,92,50,124,122,186,192,91],"tags":[255,78,231,16,42,2,125,213,185,43,66,215,275],"_links":{"self":[{"href":"https:\/\/edenreports.com\/index.php\/wp-json\/wp\/v2\/posts\/303"}],"collection":[{"href":"https:\/\/edenreports.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/edenreports.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/edenreports.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/edenreports.com\/index.php\/wp-json\/wp\/v2\/comments?post=303"}],"version-history":[{"count":1,"href":"https:\/\/edenreports.com\/index.php\/wp-json\/wp\/v2\/posts\/303\/revisions"}],"predecessor-version":[{"id":305,"href":"https:\/\/edenreports.com\/index.php\/wp-json\/wp\/v2\/posts\/303\/revisions\/305"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/edenreports.com\/index.php\/wp-json\/wp\/v2\/media\/304"}],"wp:attachment":[{"href":"https:\/\/edenreports.com\/index.php\/wp-json\/wp\/v2\/media?parent=303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edenreports.com\/index.php\/wp-json\/wp\/v2\/categories?post=303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edenreports.com\/index.php\/wp-json\/wp\/v2\/tags?post=303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}