Tag Archives: real wages

What They Didn’t Tell You About The Jobs Report

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On Friday, The Daily Caller posted an article about the September jobs report. The article took a look a some of the trends in American employment in recent years.

The article reports:

More than 800,000 fewer native-born Americans are employed than last year as job gains among Americans continue to lag behind those of foreign-born workers, according to data from the Bureau of Labor Statistics (BLS).

The number of foreign-born workers employed increased by approximately 1.2 million year-over-year in September, while 825,000 fewer native workers were employed, BLS data shows. The large annual difference is in spite of the roughly 920,000 upward employment fluctuation for native-born workers in September compared to August, after a 1,325,000 drop from July to August.

The article also notes:

Real wages have decreased by 1.3% in real terms between the first quarter of 2021 and the second quarter of 2024 as Biden-era inflation continues to dog American wallets. Prices have risen more than 20% since Biden took office in January 2021, with the rate of inflation rising from 1.4% at the conclusion of former President Donald Trump’s administration up to roughly 9% in June 2022.

To combat skyrocketing inflation, the Federal Reserve hiked rates to a 23-year high range of 5.25% and 5.50% in July 2023 before proceeding to hold rates steady until issuing a 0.5% cut in September. The combination of elevated rates and high inflation helped push many Americans into bankruptcy, with delinquent credit card balances reaching their highest level since at least 2012 in the first quarter of 2024.

It should also be noted that the majority of growth in the number of jobs created is in government jobs–not in the private sector. When the government is growing, the private sector is shrinking. That is not good for the future American economy.

There Is Spin, And There Is Spin

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On January 18th, Issues & Insights posted an article about the difficulty the Biden presidential campaign is having gaining traction.

The article notes:

Rep. James Clyburn, who is a co-chairman of Joe Biden’s reelection campaign, recently tried to explain the president’s predicament by saying that he’s “delivered for the American people in such a way that nobody seems to grasp.”

As campaign slogans go, that’s not exactly “Morning in America.” But the truth is that everybody grasps what Biden has delivered. It’s what he’s delivered that they don’t like.

Clyburn, talking on MSNBC, said the public just needs to “look at the facts and stop listening to all of this tweeting and stuff that’s going on out there that’s not good for the American people.”

We took the South Carolina Democrat’s word for it, and here’s what we found that Biden has delivered, at home and abroad.

This is the list of what President Biden has delivered:

The cost of living has skyrocketed.

Real wages are down.

Poverty is up.

The national debt has exploded.

Deficits are on the rise.

Illegals are flooding across the border.

Attacks on the U.S. are up.

The world is a more dangerous place.

Please follow the link above for further details.

Does anyone want four more years of this?

The Past Six Month In Charts

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Issues & Insights posted an article today about President Biden’s first six months in office. The article included eight charts to illustrate what the first six months has brought us.

Here are the charts:

Please follow the link above to read the entire article.

The article concludes:

It is true that Biden has been in office for only six months. It’s also true things could turn around. But we don’t see that happening unless Biden changes course.

We have no doubt that Biden was very much hoping one day to tell the public how he killed COVID and saved the economy (just as he once bragged that “Osama bin Laden is dead and General Motors is alive” while he and President Barack Obama where in the White House).

The way things are going right now, Biden might one day have to admit that “the economy is dead, but COVID is alive.”

I Guess The Truth Is Relative

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On Monday The Conservative Treehouse posted an article about a recent statement made by White House Press Secretary Jen Psaki.

The article reports:

On Friday the Bureau of Labor Statistics (BLS) said: “Median weekly earnings of the nation’s 113.6 million full-time wage and salary workers were $990 in the second quarter of 2021 (not seasonally adjusted), the U.S. Bureau of Labor Statistics reported today. This was 1.2 percent lower than a year earlier.” (Data)

On Monday the White House says: “Wages are up.”

The article includes a video of Jen Psaki making that statement.

The article notes:

The reality is when you combine 1.2% decrease in earned wages with a 5.4% inflation rate, real wages are down 7.6% from last year. {Go Deep}

Does the Biden administration really believe that Americans will not notice that their spending power is down considerably from last year? I know that politicians tend to exaggerate, but this is unbelievable. How many times was President Trump accused of lying with no examples given? Here you have a blatant lie, and I doubt that the media will report it. Hopefully American voters are paying attention to what the Biden administration is doing to their economic well being.