The beginning of an economic ripple effect?

The beginning of an economic ripple effect?

The beginning of an economic ripple effect?

As bad as the September jobs report was, an economist says what's coming down the line may be worse.

As President Biden pushes a vaccine mandate that would apply to the 80 million workers who are employed in a place with 100 or more employees, Joel Griffith of The Heritage Foundation, a center-right think tank headquartered in Washington, D.C., says "a significant number of individuals" who do not want to be vaccinated for various reasons may choose to simply quit their jobs.

Griffith, Joel (Heritage) Griffith

That, he says, could create major problems in the job market.

"That would have a ripple effect throughout the economy due to our supply chain and manufacturing processes," he warns.

Nevertheless, with "patience is wearing thin," President Biden announced in September that the federal employees must be vaccinated and that private sector employers with 100 or more employees must require their workers to be fully vaccinated or show a negative test at least once a week.

"The Department of Labor is developing an emergency rule," added Biden.

According to the U.S. Bureau of Labor Statistics, 194,000 jobs were added in September, when expectations from websites like MarketWatch were for somewhere in the neighborhood of 500,000 jobs.