May Jobs Report: As Joe Biden Ignores Inflation, Small Businesses Take a Hit

WASHINGTON, D.C. – Today, the Bureau of Labor Statistics released the jobs report for the month of May revealing less job growth than April and stalled employment. According to an ADP report, job creation last month fell to its slowest pace since before the Covid-19 pandemic.

According to an analysis by CNBC on the ADP report: “Small business took the biggest hit during the month, as companies employing fewer than 50 workers reduced payrolls by 91,000. Of that decline, 78,000 layoffs came from businesses with fewer than 20 employees.”

“While the Biden administration ignores skyrocketing inflation and the American energy crisis, employers and small business owners are left with no choice but to compromise on hiring to keep the lights on,” said RGA Communications Director Jesse Hunt. “Small businesses are the cornerstone of a strong economy, and Joe Biden’s neglect of hard-working Americans is just more evidence the economy will keep taking hits from his inaction and incompetence.”