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As the Biden White House continues to bragabout thealleged successofits economic policies, government data shows the country is hemorrhagingfull-timejobs.
According to the U.S. BureauofLabor Statistics, thenumberofAmericans reportingfull-timeemployment dropped by more than 1.7 millionjobsfrom November 2023 to the endofMarch 2024, the most recentmonthfor which data isavailable.
That’sadeclineof1.33%overafive-monthperiod. Excluding job losses related to the COVID-19 lockdowns in 2020, the recent drop infull-timeemployment is the largestfive-monthdecline since the Great Recession in 2009, 15 yearsago.
President Biden visits Nowhere Coffee shop in Emmaus, Pennsylvania, on Jan. 12, 2024, as he touts his Bidenomics agenda. (Mandel Ngan/AFP via Getty Images)
Before that, the last time thenumberoffull-timejobsdeclined this muchoverasimilar period was in 1994.
Despite these remarkable figures, the Bidenadministration has continued to boastabout its economic policies.
For example, onApril 11, the White House’sofficial Xaccountclaimed, “UnderBidenomics, our economy has created 15 millionjobsand unemployment has remained under 4% for the longest stretch in50 years.”
VideoThe Bidenadministration has made similar claims for muchofthe president’s time inoffice.At best, theyare wildly misleading.
Although it’s true that total employment has increased dramatically since Biden entered the White House, the vast majorityofthosejobswere recovered from the coronavirus-related government lockdowns. Theyare not “created”jobs.
MAJOR CONSERVATIVE GROUP UNVEILS BIDENOMICS.COM TO TARGET PRESIDENT’S ECONOMIC POLICIES
Compared to employment figures recorded in January 2020, immediately prior to the COVID-19 pandemic, thenumberofjobsadded under Biden’s tenure is just 2.98 million,an unimpressive figure compared to manyofhis predecessors.
VideoDuring Donald Trump’s first three years inoffice, the U.S. economyadded 6.33 millionjobs, more than double the figure recorded in the Biden era.
Thesenumbersare made even more remarkable by the fact that, excluding the 2020 coronavirus lockdown, Biden’s government has spent more money inathree-year period thanany other president in history.
DESPITE THE SPIN, AMERICANS KNOW THIS TRUTH ABOUT BIDENOMICS
Twoofthe four highest federal deficits ever recorded have occurred under Biden,andathird, the$1.4 trillion deficitin 2009, happened while Biden was servingas Barack Obama’s vice president.
VideoBiden’s economicagendaofdramatically increasing the sizeand powerofgovernment programs, raising taxes,and imposing increasingly more regulations on businesses has beenacompleteand utter failure. Not only has it been killingfull-timejobsin recentmonths, italso is the driving factor behindAmerica’s lingering inflation problem.
As difficultas it is for the Biden White House to understand, whenagovernment consistently spends far more money than it receives in tax revenueand turns to money-printing policies to pay the bills, inflation increases.And when inflation gets outofcontrol,as it has been for years now, most people get poorer.
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Based on the Consumer Price Index’s inflation estimates,anAmerican family buying $200 worthofgroceries in January 2021, when Biden tookoffice, would have to spend$238today to purchase the same products.
VideoMostAmericans can barelyafford to pay basic living expenses.
Theaverage costofrenthas increased dramatically.
Theaverage sales priceofahomeand the costofmortgages haveskyrocketed.
The costofpurchasinganew car has increased bythousandsofdollarsin justafew years.
TheAmerican peopleare suffering under the Bidenadministration’s economicagenda.And based on the recentfull-timejobsdata outlined earlier in thisarticle, the situation is not likely to improve while Biden’s failing policies remain in place.
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Justin Haskins is the director of the Socialism Research Center at The Heartland Institute and a New York Times bestselling author.
