July’s Big Jobs Numbers — And The Missing Context Journos Are Leaving Out
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The one indicator Biden desperately hangs on to as evidence that we are not *actually* in recession, despite the traditional definition has been the jobs numbers.
The News
Given what this morning’s jobs numbers looked like, we can see why Joe was so eager to be measured by that metric. July jobs numbers are one of the few places where the economy has outperformed expectations during Biden’s tenure.
The joy was palpable in the reporting:
Defying anxiety about a possible recession and raging inflation, America’s employers added a stunning 528,000 jobs last month, restoring all the jobs lost in the coronavirus recession. Unemployment fell to 3.5%, lowest since the pandemic struck in early 2020. July’s job creation was up from 398,000 in June and the most since February. —MiamiHerald
Because the people affected by economic trends are actual families and not mere statistics or abstractions, we’ll take the good news where we find it. But we will take it with a grain of salt.
The Analysis
If America were a closed ecosystem with a relatively stable population, these ‘lowest since the pandemic’ numbers would be a useful metric to measure our progress since the artificial economic crisis caused by our health care professionals.
But we are not evaluating a closed ecosystem where we can make an apples-to-apples comparison with 2020 numbers, are we? Not so long as Biden keeps that border open.
A better way to measure these numbers, and put them in context would be to mirror the right-minus-wrong marking system some teachers use to grade exams.
Ordinary Americans don’t just care if absolute job numbers are higher than they were before Fauci put his Gucci on the neck of our economy. That number is just an abstraction.
Biden’s Border is adding millions of new people to the equation every year, making the old numbers obsolete.
We don’t just need a measurement of how many new jobs we have. We need to place it within the broader context of how many new PEOPLE we have.
After all, now that a couple of bus loads from Texas and Arizona have shown up in East-Coast cities, local mayors are crying ‘crisis’ about how their system is suddenly overburdened by those [insert current derogatory epithet here] Republican Governors.
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