Look Deeper, And The Jobs News Under Biden Sucks
I & I Editorial Board
July 11, 2022
After months and months of bad news and metastasizing crises, who can blame President Joe Biden for seizing one glimmer of good economic news? Too bad the good news isn’t really that good at all.
On the surface, the economic news from Friday looked celebratory. The Labor Department reported that the economy had created 372,000 mobs in June, beating the consensus forecast (a rare thing under Biden). The unemployment rate held at 3.6%. And, to top it off, jobs in the private sector regained all the losses from the COVID lockdowns.
In response, Biden rushed out a statement bragging about how “this has been the fastest and strongest jobs recovery in American history,” and that it “would not have been possible without the decisive action my administration took last year to fix a broken COVID response, and pass the American Rescue Plan to get our economy back on track.”
He went on: “We have more Americans working in the private sector today than any day during Donald Trump’s Presidency – more people than any time in our history.”
Only the last claim has any truth to it.
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https://issuesinsights.com/2022/07/11/look-deeper-and-the-jobs-news-under-biden-sucks/
