The Biden administration has turned the U.S. labor market into a temporary employment agency for foreigners, leaving American workers behind, and the administration’s own data prove it. Yet instead of acknowledging this failure, the White house is taking victory laps on a few cherry-picked numbers.
The May job report from the Bureau of Labor Statistics showed a headline number of 272,000 payrolls added, and cheerleaders for the Biden administration were quick to extol this number. Unfortunately, that’s where the good news ended for the labor market last month.
Households reported a stunning drop in employment by over 400,000. Another 400,000 people gave up and left the labor force entirely. The result was an increase in the unemployment rate to 4%. That raises an important question: Why are businesses reporting more payrolls while households are reporting fewer people…
