Biden Boasts Job Growth, But 70,000 of 206,000 New Jobs Are Government Positions

Biden Boasts Job Growth, But 70,000 of 206,000 New Jobs Are Government Positions


 

President Joe Biden frequently brags about his record on job creation in America, but what he doesn’t tell you is that 70,000 of the 206,000 jobs recently added were government positions.

On Friday, the United States Bureau of Labor Statistics released its June jobs report, showing that while 206,000 new jobs were created, the unemployment rate remained at 4.1 percent, which is .5 percent higher than in June 2023. A significant portion of these jobs were in the public sector, offering little improvement to the overall economic situation for ordinary Americans.

Biden stated, “With today’s report that 206,000 jobs were created last month, a record 15.7 million jobs have been created during my Administration. We have more work to do, but wages are growing faster than prices and more Americans are joining the workforce, with the highest share of working-age Americans in the workforce in over 20 years. That’s real progress for hardworking families who have the dignity and respect that comes with earning a paycheck and putting food on the table.”

Former Home Depot CEO and Chrysler chairman Bob Nardelli was among those who criticized the report. He labeled the findings as “deceptively correct” and urged the public to look beyond the numbers presented by the Biden administration.

“The second-largest employer last year was the government, and they’re back on the same track again this year,” Nardelli said on Fox News’ Maria Bartiromo’s Wall Street. “There is no GDP generated by government jobs.” He also pointed out that there were 200,000 fewer manufacturing jobs.

Nardelli condemned the government for allowing inflation to rise, describing it as a “silent killer” akin to “carbon monoxide,” which is “creating job problems in the quality of life.” He criticized Washington’s “reckless spending,” claiming it is “causing these problems in our economy, stressing the fault lines in our economy, and whoever gets in that White House next year is going to be hit with a wrecking ball to try and pull this back.”

Nardelli also criticized the recently announced overtime protection extension, which ensures over 1 million salaried workers earning less than the median individual salary per year, around $43,300, get paid for work done outside their scheduled hours. Workers earning $844 per week will be eligible for overtime pay. Industry groups criticized this as a “one-size-fits-all” approach, arguing that such rules should be made by Congress, not federal agencies.

“This is not equitable in that if you have a lower-skilled job, why are they going to get paid more than someone with higher skills?” Nardelli questioned. “Because they’re both working a couple of hours of overtime? So again, I’m not sure this is equitable, and I’m not sure this is an appropriate way to increase the standard of living for our families today. I think there are other things we should be doing.”


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