Source: American Institute for Economic Research
by John A Tatom
“The July US Bureau of Labor Statistics’ employment report reinforces the conclusion that the economy is slowing, as the number of new jobs slowed sharply and the unemployment rate rose to 4.3 percent, up from 4.1 percent in June, and from 3.8 as recently as March. Assessing the Administration’s exaggerated claims for success is essential before what success there has been fades from attention. To give the Biden Administration’s credit for any success in increasing jobs requires proponents to blatantly misrepresent facts. Most notably, they claim to have added nearly 16 million jobs to the economy, more than any earlier president in one term. It’s true, but it takes credit for the return of about 9.4 million jobs for people who lost their jobs due to COVID-19 precautions and had not yet returned to work at the time Biden took office.” (09/23/24)
https://www.aier.org/article/biden-harris-magical-labor-market-claims/