The economy isn’t quite as good as everyone wants you to think
The economy isn’t quite as good as everyone wants you to think
This is to be expected. Nearly all of the "job growth" during the Biden era was completely artificial and most "new jobs" were either crap part time work or government work that almost all of it went to non-citizens.
Now, deportations (forced or self) are opening a ton of jobs that were given to illegals and other non-citizens but the uptake is slow to swing back to people that have gotten used to just living on gov benefits or refuse to "grow up and get a job".
There are obviously other factors too but those are big ones.
Archive: https://archive.today/Lr6Lu
From the post:
>The US job market is stalling out. Job growth slowed to a crawl in August, and the unemployment rate rose to its highest level in nearly four years, indicating the US labor market is growing stagnant. The economy added just 22,000 jobs last month and the unemployment rate rose to 4.3% from 4.2%, according to the Bureau of Labor Statistics. August’s job report also included a downward revision to June, which showed the US economy lost 13,000 jobs that month. It’s the first negative employment month since December 2020, and it brings to an end what was the second-longest period of employment expansion on record.
This is to be expected. Nearly all of the "job growth" during the Biden era was completely artificial and most "new jobs" were either crap part time work or government work that almost all of it went to non-citizens.
Now, deportations (forced or self) are opening a ton of jobs that were given to illegals and other non-citizens but the uptake is slow to swing back to people that have gotten used to just living on gov benefits or refuse to "grow up and get a job".
There are obviously other factors too but those are big ones.
Archive: https://archive.today/Lr6Lu
From the post:
>>The US job market is stalling out.
Job growth slowed to a crawl in August, and the unemployment rate rose to its highest level in nearly four years, indicating the US labor market is growing stagnant.
The economy added just 22,000 jobs last month and the unemployment rate rose to 4.3% from 4.2%, according to the Bureau of Labor Statistics.
August’s job report also included a downward revision to June, which showed the US economy lost 13,000 jobs that month. It’s the first negative employment month since December 2020, and it brings to an end what was the second-longest period of employment expansion on record.
(post is archived)