Timothy Birdnow

How so? We've had 4.3% economic growth, yet they are telling us there aren't many jobs.

Naturally CNN uses 2020 - the pandemic - as the baseline. Americans were out of work then by the millions.

Of course, with government cutbacks and an ending of extended unemployment or welfare programs we were going to see the number of unfilled jobs fall.

We are in a period of realignment and this means employers are waiting to see how this shakes out. In uncertain times emplouers hold off on hiring because they don't know how to plan. Also, a lot of jobs are being automated. How many jobs has McDonalds created since the Democrats pushed the minimum wage through the roof? They've been "hiring" kiosks to take orders instead of people.

But the jobs will return as America reinvigorates her manufacturing sector.

In fact this low number is a sign of good health in the economy; it means people are back at work. So many took a nice long vacation.

The numbers that matter are the consumer index; it shows the public confidence in the economy. Last year consumer spending rose by a whopping 34%. That tells you people have money.

One more thing; the Biden economy had good employment numbers because jobs were being filled by people taking second jobs. At this stage there is no reason to think that isn't still the case, although it may be winding down. When it does, when real wages rise enough to allow people to quit their moonlight jobs, the number of jobs will rise. 

This sluggish job growth is an operational pause, not a trend.

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