The May jobs report was released on Friday, and, true to form, Joe Biden wants you to believe that everything is awesome because even though the unemployment rate ticked up to 4.0%, the number of jobs added exceeded economist predictions.
"The great American comeback continues," a statement attributed to Joe Biden claims. "But we still have to make more progress. On my watch, 15.6 million more Americans have the dignity and respect that comes with a job. Unemployment has been at or below 4% for 30 months—the longest stretch in 50 years. And a record high share of working-age women have jobs."
And then, of course, he played the Scranton card and proved how little he actually understands economics by calling on corporations to lower prices.
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"I’m fighting corporate greed by calling on corporations with record profits to lower prices — as Target and Walmart have for grocery prices," he said. "I’m fighting to make rent more affordable by building 2 million new homes. I’m fighting to lower the cost of health care and prescription drugs, like insulin and inhalers."
And, of course, he concluded by accusing Congressional Republicans of prioritizing billionaires and special interests over the needs of ordinary Americans — you know, the same old tired talking point — and accusing Republicans of wanting to increase inflation."
Good luck with that narrative, Joe.
Naturally, the liberal media is echoing Biden's narrative, but there are some incredibly troubling data points that they aren't going to talk about.
For starters, according to the jobs report, a whopping 625,000 full-time positions disappeared in May, while the number of Americans with part-time jobs increased by 286,000 during the same period. This is not a good trend. More stable jobs are being lost to jobs that likely have lower pay and are less secure.
Moreover, the situation is compounded by the fact that non-American workers are predominantly filling newly generated jobs. According to the Bureau of Labor Statistics, while 663,000 native-born Americans lost their jobs in May since April, 414,000 foreign-born individuals entered the workforce.
CNBC's Steve Liesman pointed this out on Friday morning.
CNBC admits jobs are going to illegal immigrants, not Americans in the Biden economy. "There's an immigration piece of this, there are bodies available and there is work for them to do. Whether or not, they're here legally or not is a different story." pic.twitter.com/dMU40Jhy7c
— Alex Pfeiffer (@__Pfeiffer) June 7, 2024
Biden, the Democrats, and the media can boast about the top-line numbers all they want, but the reality of the jobs situation is that good jobs are going away and the available jobs are largely going to non-Americans.
That's Bidenomics in a nutshell.
This is not a great American comeback the way Biden wants us to believe. Americans are losing jobs, and illegal immigrants are taking them. No amount of talking points or biased media coverage will change that reality for the millions of Americans who continue to struggle in Biden's economy.
