Posted on 06/04/2021 4:02:55 PM PDT by Browns Ultra Fan
The New York Times had a story raving about the tremendous jobs report.
The Labor Department’s report that the economy added 559,000 jobs in May, an acceleration from April, buoyed Democrats and the Biden administration on Friday, adding new fuel to the president’s claims that vaccinations and his economic program are beginning to get the economy back on track after a halting recovery from pandemic recession.
“This is historic progress,” Mr. Biden said in remarks from Rehoboth Beach, Del. “Progress that’s pulling our economy out of the worst crisis it’s been in in 100 years.”
Really Joe? Labor force participation rate sank to early 1977 (Jimmy Carter) levels at 61.6%. At the same time, the fastest growing sector of Biden’s economy has little to do with his economic policies: states and cities coming out of economic lockdown are seeing growing restaurant and bar growth. In fact, food services and drinking places was the fastest growing sector of the economy. BUT IT IS STILL FAR LOWER THAN BEFORE COVID AND THE GOVERNMENT SHUTDOWNS OF STATE AND LOCAL ECONOMIES.
The best thing Biden can do is encourage governors and mayors to continue opening their economies.
(Excerpt) Read more at confoundedinterest.net ...
the expected number was over 667,000 jobs created. The number fell more than 100,000 short. It was another historic disappointment for Zhao Biden
Joseph Stolen is an idiot.
All joe had to do was nothing and let the states up back up.
“President Biden praises ‘historic progress’ in job gains, crediting his policies ... as labor force participation declines”
President Biden praises ‘historic progress’ in destroying this Republic.
There fixed it
And open the schools.....full time.
Had to check if it was the Bee.
I retired on Thursday. I went to the town where I teach this morning. I was going to get a breakfast sandwich at Wendy’s, but they were not open due to being short staffed.
Shaping up to be a repeat of Nobama’s dreadful economy from 2009-16 where no amount of money printing and gubmint “stimulus” can offset the heavier regulatory burden, broken economic incentives and overall sense of malaise caused by the intentional dividing of society.
The democrats and the corrupt media copy the communists in Russia.
Tractor production is up 300% etc
People have Biden wrong. Biden isn’t the third term of Barack Obama. Biden is the third term of Woodrow Wilson.
Sheesh..... BiteMe is off his meds and once again delusional.
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