Get the Ricochet app
Ricochet will work fine in a browser on your mobile devices, but for the best experience please download our app.
That's the top headline on the Wall Street Journal's front page in their weekend edition.
At Powerline there's a post quoting Steve Moore at the Committee to Unleash Prosperity that says, "Almost all of the new jobs on net are part-timers." It goes on to detail that:
* Overall payrolls up 1.9%
* Part-time jobs up 7.5%
* Full-time jobs down -1.35% [my emphasis]
It also asks how many of those new part-time jobs are filled by the already employed, trying to make ends meet.
There's none of that in the Wall Street Journal. Perhaps they'll pick it up on Monday, but their editorial page hasn't mentioned it either. There's a good chance they will, since that page is well to the right of the news section of WSJ.
The MSNBC crowd keeps asking why aren't those American dopes realizing how good they have it? The economy is doing great!
Maybe not?
Discussion (19)
There's a good chance they won't.
To read this bio, please join Ricochet.
The WSJ may have observed the high % of jobs that are 1.government or 2. Health care. Both of those categories are funded by debt funded programs passed by Congress, not original commerce, but paid for by tax paying citizens. They will nit be responsive to supply and demand pressures. Nothing will be produced, the government jobs will be in perpetuity and may be remote, no-show gigs, and as likely having union contract compensation will contribute to further inflation. There are never any hiring freezes or RIFs in government jobs.
To read this bio, please join Ricochet.
the press carrying Biden to the finish line.
To read this bio, please join Ricochet.
Although I know the news section of the Wall Street Journal leans left, I too was surprised that its coverage of the jobs report made no mention that all (or almost all) of the "new" jobs were part-time. That would seem like an important part of reporting in a media outlet that is supposedly business focused.
As you say, they're business focused, and an influx of cheap labor from illegal immigrants is good for business.
You're seeing five of 19 comments. Sign in, or join for just $5 per month, to read them all and add your own.