https://issuesinsights.com/2024/06/11/the-unvarnished-truth-about-that-blockbuster-jobs-report/
Editor’s note: This has been revised and updated from an editorial that ran over the weekend.
President Joe Biden might think that last week’s jobs report shows that “the great American comeback continues.” Democrats might believe that “the numbers don’t lie – things are great,’ Rep. Maxwell Alejandro Frost put it. And leftist media mavens have no doubt convinced themselves that “the American job market is so good, Republicans have literally found themselves speechless — again.”
So why aren’t Americans themselves celebrating? Why is Biden’s claim that he created 15.6 million jobs — “more than any president in U.S. history” — that the unemployment rate is at historic lows, and that wages are rising, all falling on deaf ears? It’s a head-scratcher, right?
Well, not if you dig just a tiny bit deeper into the employment data, then you realize that all the hoopla about jobs under Biden is entirely statistical fiction, one happily repeated by Biden’s media vanguard.
Let’s break it down:
15.6 Million New Jobs? Not Even Close
Take Biden’s claim that 15.6 million more people have jobs. This is wildly misleading because the measure he’s using doesn’t count the number of people with jobs, it counts how many paying jobs there are.