The Biden administration is claiming success for the newest June jobs report despite the nation’s high unemployment, slow economic recovery, and rising inflation.
According to the numbers from the Department of Labor, the United States added 850,000 jobs in June and average hourly earnings grew by 0.33 percent.
White House Press Secretary Jen Psaki took to Twitter to brag “jobs are up, wages are up, economic growth is up, consumer confidence is up.” Her characterization of these slow gains as the “Biden Boom” failed to acknowledge the actual American economic situation, and showed just how out of touch the Biden team is with the average hardworking American.
In the last week: Jobs are up, wages are up, economic growth is up, consumer confidence is up.
This is the Biden Boom. https://t.co/5Wgpq64LVU
— Jen Psaki (@PressSec) July 2, 2021
Psaki’s claim that “wages are up” ignores the fact that the federal government proudly sent oodles of cash to Americans over the last year, which forced employers to raise wages to compete with stimulus checks. Having to compete with government handouts (funded by their own tax dimes) is taking a tremendous toll on small businesses. At least 25 Republican governors have chosen to opt-out of Biden’s inflated federal unemployment benefits program early, but that makes a small dent in the nation’s road to recovery.
Psaki’s celebratory tweet also conveniently overlooks the fact that real inflation-adjusted wage numbers for June have yet to be released. In May, inflation-adjusted hourly wages dipped 0.2 percent from April. Real average weekly earnings also decreased 0.1 percent over the month, due to the change in real average hourly earnings combined with no change in the average workweek. The plunge for real average hourly earnings grew even steeper, decreasing by 2.8 percent, when seasonally adjusted from May 2020 to May 2021.
Contrary to White House spin, this is not a “boom.” As a matter of fact, it’s a less-than-normal recovery that is still struggling to reconcile an unemployment rate that actually rose to 5.9 percent in June. Despite the Biden administration’s promise to boost certain minority groups
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