Commentary It took the better part of the weekend to unravel the truth behind the headlines that Biden presides over a job-creation machine. Looking at the details beneath the big claims paints a frightening picture not of a growing and enterprising economy but rather the opposite. What we find is a picture of an increasingly…
The Jobs Hoax
August 8, 2022
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AnalysisBusiness & MarketsBusiness Columnistsinflationlabor participationOpinionrecessionU.S. economyunemployment rate
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Labor Markets Are Fragile and Beginning to Break
August 3, 2022
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AnalysisBusiness & MarketsBusiness Columnistsinflationlabor marketslabor participationOpinionrecessionU.S. economyunemployment rate
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Commentary The Biden administration’s main talking point against the existence of recession is the unemployment rate. Sadly, a “rate” never hired or paid anyone. In the real world, there are signs of growing strains once you disaggregate the data by income expectations, gender, and other factors. There is no shortage of jobs available in lower-wage…
The Lockdowns Kicked Off This Depression
August 2, 2022
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AnalysisBusiness & MarketsBusiness ColumnistsdepressioninflationInflation Reduction Actlabor participationlockdownsOpinionprosperityrecessionstagflationU.S. economyunemployment rate
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Commentary If you were on vacation last week, good for you. You missed one of Congress’s greatest-ever scams. They just approved some $750 billion (do these numbers even mean anything anymore?) to “transition” us from fossil fuels and coal over to reliance on the wind and sun, and also to subsidize a bunch of chip…
It’s Worse Than Anyone Wants to Admit
July 29, 2022
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AnalysisBusiness & MarketsBusiness Columnistsinflationlabor participationOpinionrecessionstagflationU.S. economy
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Commentary Yesterday’s news was entirely consumed in the throes of another definition change. What everyone understood as what it means to be in recession has been suddenly changed by government edict. It’s not a recession, they say. Everything is going just great, they say, unless you are among the troglodytes who desire plentiful and low-priced…
Biden’s GDP Disaster, Among Many Others
July 28, 2022
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Commentary What a difference a press release makes, even when it is only talking about the past. As we rolled out of bed this morning, economists surveyed by the Wall Street Journal were confident that economic output grew 0.3 percent in the second quarter. But then came the witching hour of 8:30am Eastern Time when…
What’s Your Side Hustle?
June 29, 2022
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Business & MarketsBusiness Columnistsextra incomeinflationlabor marketslabor participationrecessionsecond jobside hustle
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News analysis An insurance company has done a survey to answer a fascinating question: what percent of U.S. workers hold a second job to generate income separate from their main income stream? They surveyed 1,000 people and came up with a surprising answer: 93 percent. You are probably nodding your head right now because it…
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