The price for a barrel of US crude oil rose above $80 for the first time since 2014, raising even more questions about the stagnating economy under Democratic leadership as the country struggles to end the COVID pandemic.
“The U.S. oil benchmark jumped more than 2% to trade as high as $80.09 on Friday, before easing from that level and hovering around $79.70 at 11:30am on Wall Street. Brent crude, the international benchmark, advanced 1.7% to $83.32 per barrel,” adds the website.
The oil figures come as September’s jobs report fell far below expectations.
“The headline number was hurt by a 123,000 decline in government payrolls, while private payrolls increased by 317,000. The drop in the jobless rate came as labor force participation edged lower. A more encompassing number that includes discouraged workers and those holding part-time jobs for economic reasons fell to 8.5%, also a pandemic-era low,” adds the outlet.
“Labor shortages are continuing to put severe upward pressure on wages … at a time when the return of low-wage leisure and hospitality workers should be depressing the average,” said Andrew Hunter, a top U.S. economist at Capital Economics.
“After looking like almost a done deal, today’s jobs number has thrown expectations for tapering into disarray. The Fed doesn’t seem to need much to convince it that tapering should begin imminently, but at just 194,000, jobs numbers are suggesting that the labor market is further from hitting the substantial progress goal than they expected,” added another industry insider.
Read the full report at CNBC.
BIDEN on ???: ‘We’re Posed… It Can Be Done… To Light Up the Path, I’m Taking Too Much Time’
posted by Hannity Staff – 7.09.20
Former Vice President Joe Biden continued his gaffe-filled campaign from his Delaware basement this week; bizarrely admitting he’s “taking too much time” to get to the point.
“I believe this with every fiber of my being… We’re posed, what I’ve proposed, it can be done, I think we’re in a position to really make it happen!” said Biden.
He has zero clue what he’s saying.pic.twitter.com/xbgIpjyIvb
— Jenna Ellis (@JennaEllisEsq) July 8, 2020
“Critical laws… On politics, look, yes, I’m taking too much time,” he added.
Watch Biden’s bizarre video above.
BIDEN on ???: ‘What Kind of Country Are We Going to Be with 4 More Years of George??’
posted by Hannity Staff – 10.26.20
Former Vice President Joe Biden continued his gaffe-filled basement campaign over the weekend; apparently warning the country of the dangers posed by “four more years” of “George.”
“What kind of country are we going to be?” asked Biden alongside his wife Dr. Jill Biden. “Four more years of George, uh, he uh, we’re going to find ourselves in a position where that if Trump is gets elected we’re going to be in a different world!”
WATCH: Joe Biden confuses President Trump with George Bush.
“4 more years of George, uh, George…” pic.twitter.com/Zzt2brIaYS
— Trump War Room (@TrumpWarRoom) October 26, 2020
Watch Biden’s bizarre comments above.