Social media users did not appreciate new economic data that revealed U.S. inflation is at its highest rate in 13 years, pinning the blame squarely on the Biden White House.
The data comes on the heels of the poor September jobs report. Nonfarm payrolls increased by 194,000 workers in September as the unemployment rate fell to 4.8%, the Labor Department reported. But economists were expecting the addition of 500,000 new jobs.
The latest inflation number, provided by Washington Post economic correspondent Heather Long, did not improve the administration's image.
"BREAKING: Inflation was up 5.4% over last year in September – the highest rate in 13 years. Prices rose 0.4% in Sept, up from 0.3% in August Gas, food and goods continue to be key drivers of inflation. Used car prices fell slightly but remain 24% higher than last year," Long tweeted, with a breakdown of percent changes in [Consumer Price Index] for all urban consumers.
"Not what the White House wants to see," National Journal's Josh Kraushaar tweeted.
The data comes on the heels of the poor September jobs report. Nonfarm payrolls increased by 194,000 workers in September as the unemployment rate fell to 4.8%, the Labor Department reported. But economists were expecting the addition of 500,000 new jobs.
The latest inflation number, provided by Washington Post economic correspondent Heather Long, did not improve the administration's image.
"BREAKING: Inflation was up 5.4% over last year in September – the highest rate in 13 years. Prices rose 0.4% in Sept, up from 0.3% in August Gas, food and goods continue to be key drivers of inflation. Used car prices fell slightly but remain 24% higher than last year," Long tweeted, with a breakdown of percent changes in [Consumer Price Index] for all urban consumers.
"Not what the White House wants to see," National Journal's Josh Kraushaar tweeted.
