High unemployment plus high inflation equals stagflation. This is Bidenomics in action.
The White House and mainstream media can spin the unemployment numbers any way they want, but spin doesn’t change the reality; things are bad. The official unemployment rate is 3.8% , up from 3.5% last year . Meanwhile, under Biden, as much as 25% of the jobs created are government jobs. That is at least double what it should be for a free-market, capitalist country. Despite this boom in taxpayer-funded government job creation, employment fell again last month by 50,000 jobs . This year, about 1.8 million full-time jobs have disappeared.
Ironically, the workforce participation rate has been falling under Biden. This means that even though a […]
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