86.1 F
College Station
Saturday, July 24, 2021

White House Touts Jobs Report Despite High Unemployment, Slow Recovery, And Rising Inflation

Local News

College Station Bans Traditional Pet Shops

At Thursday's meeting, the College Station city council passed an ordinance that prohibits the sale of non-rescue dogs and cats in pet...

College Station to Vote on ROO in Special Meeting Today

The College Station City Council meets Monday at 4 p.m. at city hall to consider a Restricted Occupancy Overlay (ROO). The ordinance would allow single-family...

College Station Plans on Borrowing Additional $62 Million Without Taxpayer Vote

The College Station City Council voted to begin the process of issuing $62 million in certificates of obligations for capital projects. The...

Brazos Valley Hospitalizations Continue to Decline After Mask Order Rescinded

Texas Governor Greg Abbott issued Executive Order GA-34 on March 2, 2021, and the order went into effect on March 10, 2021....

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

Continue reading on thefederalist

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

State News

Dickson: Eastland Votes to Move Forward to Outlaw Abortion, While Edinburg Abandons Pursuit

On Monday, July 19, Eastland’s city hall was packed, with standing room only, as the city commissioners voted 4-0 on a first reading to...

US Rep. Ronny Jackson Backs Petition for Amarillo City Hall Election

U.S. Rep. Ronny Jackson (R–Amarillo) expressed support this week for a citizen-led plan to put the Amarillo City Council’s latest push for debt in...

Choosing Sides

William Travis famously drew a line in the sand, asking his fellow Alamo defenders to join him in putting their lives on the line...

Choosing A Side

In this 50th episode of the Reflections on Life and Liberty podcast, Michael Quinn Sullivan continues from last week his look at the plains...

All Eyes on Texas?

This week Brandon is joined by Texas Scorecard’s Jeramy Kitchen to talk about the week’s news. Catch The Headline LIVE right here this, and...

Continue reading on thefederalist