Biden Is Lying About the Jobs Data
11th January 2023
As he does.
Last week, following the release of December’s jobs data by the Bureau of Labor Statistics, Biden crowed that “Real wages are up in recent months … and we are seeing welcome signs that inflation is coming down as well.” Biden concluded by saying “it’s a good time to be a worker in America.”
Unfortunately, things aren’t nearly as good as the White House and its accomplices in the corporate media would have us believe.
It’s only a “good time” to be a worker in America if one equates falling real wages and falling full-time employment with “robust” employment conditions.
Moreover, the numbers that the administration continued to cherry-pick to burnish its political image are themselves quite suspect. Response rates to employment surveys sent out by the BLS have gone into steep decline, and the Philadelphia Federal Reserve has recently accused the BLS of vastly overstating employment growth in 2022.