On Friday The Conservative Treehouse posted an article about the November Jobs Report. The expectation was that approximately 535,000 jobs would be created. The actual number created was 210,000.
The article reports:
The situation itself is not that difficult to understand when you look at Main Street. However, so many of the professional punditry class are confused because they only focus on the Wall Street economy, their only prism of reference for the last several decades.
Americans are preparing, cutting back and hunkering down from the Hurricane that is Joe Biden’s inflation.
Inside the jobs numbers, you will note the areas where consumer spending contraction first hits: retail, luxury, leisure and hospitality, is the area where November employment was flat or jobs were lost. DUH!
The ‘retail sector‘ lost 20,000 jobs in November. Think about that. What usually happens in November? People are hired to handle holiday seasonal shopping…. but they weren’t… why not? The professional economic punditry cannot figure it out, so they avoid those questions entirely. Those questions hold the key to unlocking the understanding. Does the “pretending not to know things” ring familiar?
The damn jobs report is simply reflecting how Main Street USA workers, consumers, spenders and survivors live when gasoline, energy and food costs necessarily skyrocket. The November employment results are a reflection of the blue collar prepper mindset. This is not hard to figure out. As long as inflation rages on, items that cannot be avoided, at a level that is two to five times the rate of wage growth, decisions are made that are based on checkbook economics.
Please follow the link above to read the entire article. It includes a graphic of the hurricane of inflation about to hit the middle class. It also includes a quote from MSM blaming the Delta version of Covid for the problem. Somehow the media would rather blame a disease than face the fact that the inflation the Biden administration is creating with runaway spending might be the problem.