https://issuesinsights.com/2024/04/09/heres-why-nobody-believes-biden-on-the-economy-anymore/
Friday’s jobs report has everyone excited. Everyone, that is, who is pulling for Joe Biden to win reelection. Outside that blinkered lot, the pain of Bidenomics is still very real.
“Today’s report marks a milestone in America’s comeback,” he said. “Three years ago, I inherited an economy on the brink” – a lie we’ve repeatedly exposed – “With today’s report of 303,000 new jobs in March, we have passed the milestone of 15 million jobs created since I took office” – another lie; as we noted last week, the economy has created only 5 million net new jobs under Biden, which is less than the number of jobs created during President Donald Trump’s first three years in office.
Biden goes on: “That’s 15 million more people who have the dignity and respect that comes with a paycheck.”
But wait. Even if that 15 million number was legitimate, does it mean that 15 million people got jobs?
Turns out, it doesn’t not by a long shot.
In a series of posts on X, Heritage Foundation economist E.J. Antoni explains what these numbers really mean. The picture is far from rosy.
Antoni dug into the jobs data and discovered that all the new jobs created in March were part-time. The number of full-time jobs actually declined a little. This trend has been going on for a while, which is why the average number of hours worked each week has been trending down for three years.
Why the surge in part-time employment?