Jerry S.  Rainforth

While Biden took a victory lap on the upbeat employment data from the BLS, two things he failed to mention:

1. 100% of all job gains went to immigrants (no distinction is made between legal and illegal immigrant workers).

2. The number of part-time workers rose significantly and full-time workers fell.

According to the BLS data, in February 2024 there were 27.9 million part-time jobs in the US, a 921,000 increase from 27.0 million in February 2023.

At the same time, the full-time jobs count declined by 284,000 from 133.23 million to 132.95 million.

As shown in the second table (blue color frames), since November 2023, the US economy has lost 1.8 million full-time jobs. In other words, all jobs created in the past year have been part-time though the headlines say that the US has been adding jobs for 38 straigh

While Biden took a victory lap on the upbeat employment data from the BLS, two things he failed to mention:

1. 100% of all job gains went to immigrants (no distinction is made between legal and illegal immigrant workers).

2. The number of part-time workers rose significantly and full-time workers fell.

According to the BLS data, in February 2024 there were 27.9 million part-time jobs in the US, a 921,000 increase from 27.0 million in February 2023.

At the same time, the full-time jobs count declined by 284,000 from 133.23 million to 132.95 million.

As shown in the second table (blue color frames), since November 2023, the US economy has lost 1.8 million full-time jobs. In other words, all jobs created in the past year have been part-time though the headlines say that the US has been adding jobs for 38 straight months

Posted by: Timothy Birdnow at 07:27 AM | No Comments | Add Comment
Post contains 292 words, total size 3 kb.