KTRH Local Houston and Texas News

KTRH Local Houston and Texas News

KTRH-AM covering local news from Houston and across Texas.


How Those Job Report Numbers Are Misleading

As the Biden administration continues to boast about the economy and jobless claims coming down a bit, economists are sending out the warning that more job cuts are coming.

"What they're not telling us, are that the number of full-time jobs has actually been declining, and this is data from the same Bureau of Labor statistics" said Joel Griffith, Research Fellow with the Heritage Foundation, "We've actually been losing more than 2,000 full-time jobs on average each and every day since late spring, and that's something they're not telling us."

So what -does- that tell us?

"What the tells us, are that a lot of folks are unable to find a full-time job, and so they are piecing together their income with numerous part-time jobs" Griffith told KTRH, "Of course, there's nothing wrong with that if that is your choice, but when you see it overall in an economy, that more people are working multiple jobs to make ends meet, that is troubling."

Even more troubling, experts believe that we could see the unemployment rate rise to 4.5% this year.

The bottom line is, the numbers that are released from the White House are very misleading. And the only way to turn things around? Stop all of the wasteful government spending, and stop the war on gas & oil.

Man finding   jobs

Photo: Getty Images

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