This Is Not a Healthy Job Market

This Is Not a Healthy Job Market
President Joe Biden delivers remarks about the June jobs report in the South Court Auditorium in the Eisenhower Executive Office Building in Washington, D.C., on July 2, 2021. Chip Somodevilla/Getty Images
Jeffrey A. Tucker
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Commentary

Going into the weekend, we were again bombarded by crude propaganda from the Biden administration. The topic was the jobs report, which claimed that another half-million jobs had been created. Plus, they cite the unemployment rate, which is 3.5 percent—shockingly low, but it means absolutely nothing. It counts only the number of people in the job market who can find a job, but excludes everyone else. That statistic is so useless at this point, it might as well not be collected at all.

Jeffrey A. Tucker
Jeffrey A. Tucker
Author
Jeffrey A. Tucker is the founder and president of the Brownstone Institute and the author of many thousands of articles in the scholarly and popular press, as well as 10 books in five languages, most recently “Liberty or Lockdown.” He is also the editor of “The Best of Ludwig von Mises.” He writes a daily column on economics for The Epoch Times and speaks widely on the topics of economics, technology, social philosophy, and culture. He can be reached at [email protected]
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