President Joe Biden will address the country on the state of the union on Thursday at 9 p.m. EST. To be honest, a lot of us already understand the situation; a potentially biased State of the Union address is not necessary.
Seeing how Biden’s speechwriters manipulate the depressing spike in job losses that has occurred recently, as documented by Challenger, Gray & Christmas, will be very intriguing. The study, according to Fox News, showed that American companies are cutting jobs more quickly. “marked the highest layoff total for the month of February in data going back to 2009.”
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That’s bad news, and it’s definitely not what Biden or his team would like to hear on the eve of the State of the Union address.
This indicates that the labor market is becoming worse, since firms apparently planned to cut 84,638 positions in February. This figure represents a 9% increase from the same period last year and a 3% increase from January.
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