Not a Monkeys Uncle
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- Jan 25, 2022
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Fact-checking Joe Biden about job gains on his watch
During a CNN town hall in Baltimore, President Joe Biden offered a talking point he’d used numerous times before to tout
www.politifact.com
Raw numbers vs. percentages. By choosing to highlight jobs gained as his metric, Biden has an advantage in a comparison with previous presidents. The U.S. population has grown, and so has the labor force.
Biden said, "We’ve created more jobs in the first eight months of my administration than any president in American history — total number of jobs created."
The raw numbers support Biden’s claim, but the talking point glosses over the reality that the U.S. economy remains about 5 million jobs under its pre-pandemic peak. It also ignores that adjusting for population growth would have made Carter first, rather than Biden.
In addition, comparing presidents as Biden did is highly sensitive to the economic conditions around the time of their inauguration.
We rate the statement Half True.
OP: When Politifact says half true thats their way of saying its a lie because they are Leftist hacks.
The truth is, TRUMP, by October 5, 2018, Trump had given us the lowest unemployment rate in 50 years. Then the China Virus made problems, and the Democrats took advantage of Covid to impose needless shutdowns and lockdowns, destroying the economy and jobs, all to defeat Trump. And Now, the jobs that they destroyed on purpose are slowly coming back, no thanks to Biden mind you, and the extremist Left hails that as "job creation".
U.S. Unemployment Rate Drops To 3.7 Percent, Lowest In Nearly 50 Years
The jobless rate last month was the lowest since 1969, though the economy added a less-than-expected 134,000 jobs, the Bureau of Labor Statistics said. Wage growth slowed to a 2.8 percent rate.
www.npr.org