(JustPatriots.com)- On Friday, the Department of Labor released the October jobs report which showed that the US economy added 531,000 jobs last month and the unemployment rate dropped from 4.8 percent in September to 4.6 percent in October. And according to Fox Business host Maria Bartiromo, that is “very good news” for the US economy.
During an appearance on Fox News Friday, host Bill Hemmer asked Bartiromo what the October jobs report indicates with regard to the strength of the economy.
Bartiromo said that the economy is definitely growing “and that’s a good story.” But she conceded that there has been an economic slowdown over the last few months and we may have reached peak economic growth. Despite the employment news, Bartiromo added that inflation is still a problem and Washington isn’t “getting the memo.”
Rather than addressing the high inflation, Bartiromo said Washington is still trying to push multi-trillion-dollar spending bills “as we speak,” and those spending bills will only further stoke inflation.
Watch the segment HERE.
As former investment banker Carol Roth pointed out on Twitter last Friday, while the jobs report shows over half a million jobs added in October, there has been no “job creation” since the start of the pandemic. The jobs added every month have only been jobs restored. Roth explained that we still need to restore over 4 million jobs to get back to where we were in February 2020.
On top of that, there is a strong likelihood that a new round of job losses could be coming if President Biden’s vaccine mandates are not stopped in the courts.
Last Wednesday, Carol Roth appeared on Jesse Kelly’s show “I’m Right” to discuss the state of the economy and inflation. Like Bartiromo, Roth warns that the multi-trillion-dollar spending bills will only make inflation far worse:
Watch President Biden try and fail to explain economics.
His insatiable appetite for spending is the reason inflation is skyrocketing, says @caroljsroth.
— The First (@TheFirstonTV) November 4, 2021