Monday, January 1, 2024

Why Our Unemployment Numbers Are Bogus

 The Welfare-Industrial Complex | Power Line (powerlineblog.com)

Given the government narrative, it seems incredible that people are not ecstatic about the low unemployment rate of 3.7% .As the Biden administration keeps complaining, "the press just isn't reporting how good things are"! You know that old media bias against all the good things Democrats do!

Drill into the nation’s 3.7% unemployment rate, and you’ll find a growing welfare-industrial complex beneath the seemingly strong labor market. Government, social assistance and healthcare account for 56% of the 2.8 million net new jobs over the past year, and for nearly all gains in blue states such as New York and Illinois.

Go read the linked post on Power Line. 

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