Ghost of Disco Gary wrote:
agip wrote:
Bidenomics has the unemployment rate below 5% again - good for us. Down to 4.8% from 6.3% when he took office.
Anything under 5% is very good, historically speaking.
Wages climbing fast - up around 5% over last year. People have to like that.
And government employment fell a lot - which actual conservatives should like. But they won't because Joe is in charge.
Problem is getting people back to work. Many open jobs not being filled. That might be the biggest challenge of the next 10 years - finding people who want to work. Esp since the nation seems to be turning against immigration.
After factoring in the 5.3% increase in the CPI and soaring gas prices, Bidenomics has failed.
The CPS report doesn't take into account whether or not workers are employed full-time, if they are underemployed (working at a job that requires fewer skills and offers lower pay than the best jobs for which a worker is qualified), or if a worker has given up job searching (even though they need a job) because they are discouraged.