Joe Biden on Friday delivered remarks on the March jobs report.
The March jobs report was another disappointment with fewer jobs than expected.
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431,000 nonfarm payroll jobs were added in March, CNBC reported.
CNBC’s Rick Santelli sounded the alarm on the spread between wages and the consumer price index.
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“The CPI rate was close to 8%. Wages as strong as they are post-COVID high on the year over year was 5.6%. There’s a bit of a spread there,” CNBC’s Rick Santelli said. “You have to use more dollars in your wallet because of inflation and savings rates starting to go down.”
WATCH:
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“The CPI rate was close to 8%. Wages as strong as they are post COVID high on the year over year was 5.6%. There’s a bit of a spread there,” says Rick Santelli. “You have to use more dollars in your wallet because of inflation and savings rates starting to go down.” pic.twitter.com/yNeODFY2wW
— Squawk Box (@SquawkCNBC) April 1, 2022
Joe Biden was asked about inflation outpacing wages and he turned around and ran away like a coward.
“Sir, what about inflation? What about inflation outpacing wages, Mr. President?” a reporter shouted.
Biden shuffled away and prepared to leave to go home to Delaware for the 37th time of his presidency.
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VIDEO:
Biden ignores reporters after remarks on March jobs report. pic.twitter.com/LMsLRES1rc
— The Post Millennial (@TPostMillennial) April 1, 2022
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