January 5, 2024

Jobs - Not what you may hear

Despite the claims to the contrary the employment and jobs situation is not quite what you may hear.

First, there is still a problem of employment participation where we see a significant number of people that had yet to return to the workforce. 

Second are the claims of "record" numbers of jobs created. This claim is out of context and much less impressive than it may sound because it is distorted by the unusual number of jobs that were recovered, not created, after the pandemic shutdown. Trump "created" many more jobs per month than Biden "created" if you want to ignore the effect of the shutdown.


 https://x.com/moxlosllc/status/1743394528822694324?s=46&t=Y4fVsDnz2q8uZ3VNKeco4A

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