Quote Originally Posted by SarasotaSlim: Quote Originally Posted by Midnight1: President Biden will become the first President in American history to register job growth in every single month during his Presidency. Now that isn't a lie. No, but it is an illusion.. a distortion . Because of part-time jobs and government jobs..In 2023, the U.S. job market experienced a trend where nearly 25% of all job gains were attributed to government positions, underscoring a significant reliance on public sector employment to sustain Bidens economic growth..... so his job growth was only 75% if you take away the government sector. You dizzy from all your spin yet? I feel for your safety slim.
No sir. They are saying that the percentage of total jobs created that were government jobs was 25% of the total created. The actual amount of jobs created actually declined from the year before.
So, no, the job growth was not 75%. It was actually a decline of close to -7% from the year before. BUT of those created roughly 75% were private-sector and 25% were government jobs.
According to the latest annual job creation numbers published by the US Bureau of Labor Statistics, 31.54 million jobs were created in 2023. This is calculated by aggregating the total number of gross job gains recorded per quarter. 2023’s figure marks a 6.83% annual fall, the second successive annual decline and the largest in more than a decade.