Home WND Biden and the Dems: Partying like it’s 1979

Biden and the Dems: Partying like it’s 1979

Spread the love

The May 2021 jobs report shows that 559,000 net additional jobs were created, which is, once again, fewer than what was anticipated That is now two months in a row that the jobs report was disappointing, the first two months since President Biden’s policies took effect. Both months are losers – and what’s more, the jobs participation rate actually decreased. Decreased. Decreased to 61.6%. That’s horrible, just as it was when Obama was president.

With 7.5 million job openings, why did the net additional employment only increase 559,000? Because people are getting paid more by the federal government to stay home than to go to work. The dozen states that did not implement the Biden extended unemployment benefits in May accounted for more than half of all the net new jobs when the 67,000 net new government jobs are subtracted from the 559,000. So why is Biden ignoring that fact?

And, why did the unemployment rate decrease if the participation rate decreased? Because the unemployment rate is a manufactured number. It is based on how many people are looking for jobs, not how many people are available to work. And the number of people looking for jobs decreased since so many are paid more to stay at home. The real unemployment number would be more than 10% if those people could not afford to stay at home and were looking for jobs.

This is a dog chasing its tail. The unemployment rate would increase if more people were looking for jobs,

 » Read More


Please enter your comment!
Please enter your name here