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The Employment Statistics Gaming Never Ends

By January 13, 2023Commentary

After the recent employment report, the Presidementia said that real wages were up and employment was strong.  Only is his febrile and feeble brain.  Real wages have been down, down, down.  Gains in salaries or hourly pay aren’t even close to keeping up with inflation.  And buried in the jobs numbers you will see that full-time employment hasn’t budged in months, but more people are having to work part-time or have multiple part-time jobs, not the sign of a vigorous job market.  And labor force participation rates remain low, as government gives citizens every incentive to just live off the work and taxes of others.   This post at Zero Hedge lays it all out clearly and the headline is dead on.  (ZH Post)

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