Most of the added jobs were government jobs. Government produces NOTHING; it adds NOTHING to the GDP.
Then we have them counting people who have 2 or 3 jobs as “new”
“it adds NOTHING to the GDP.”
They are a big DRAG on the real economy because all the government people do nothing but block and regulate the hell out of real production. Meet g government requirements costs the economy hundreds of billions every year.
Unfortunately, that government spending gets counted in GDP. If the accounting were honest, they would show a million dollars of government employees COSTING the real economy HUNDREDS of millions.
There is a horrific negative multiplier. It never gets accounted for
A steak is now 51 Dollars, but the Economy is fine.