They were expecting 500,000 jobs, but they got less than 200,000.
One thing this proves. The Labor Department does not tip the White House off to the jobs report the day before. It’s not supposed to, because if it leaks out it could affect markets, and so forth.
And so this event was scheduled Thursday night, and no doubt it was supposed to be a celebration of half a million new jobs.
Instead, Biden touted the unemployment rate, which only went down because people stopped bothering to look for jobs.