Report: U.S. Job Growth Fell To 175K Jobs In April, Failing To Meet Expectations
One AmericaMAY 2024
US: 206K Jobs Added, Unemployment Increases to 4.1% in June
Image copyright: Michael M. Santiago/Staff/Getty Images News via Getty Images
The Spin
Democratic narrative
These numbers paint a positive picture of the future. A remarkable amount of people have returned to work after COVID, and they're enjoying rising wages. Meanwhile, the Fed has used interest rate policies to cool the economy. Despite unstoppable global issues, labor participation under the Biden administration is strong and inflation is simultaneously trending downward.
Republican narrative
These numbers are nothing to brag about. Since Biden took office, inflation has gone up 20% and inflation-adjusted wages have gone down largely because of Democrats' unnecessary money printing after COVID. The economy's slight improvements haven't stopped voters from feeling the effects of inflation, so Biden must be held accountable.