{"id":51514,"date":"2022-05-07T14:40:44","date_gmt":"2022-05-07T14:40:44","guid":{"rendered":"https:\/\/highplainsblogger.com\/?p=51514"},"modified":"2022-05-07T14:42:11","modified_gmt":"2022-05-07T14:42:11","slug":"jobs-piling-up-unemployment-low-huh","status":"publish","type":"post","link":"https:\/\/highplainsblogger.com\/?p=51514","title":{"rendered":"Jobs piling up, unemployment low … huh?"},"content":{"rendered":"\n
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The U.S. Labor Department each month gives us a snapshot of where the nation’s economy stands. It comes in the form of its jobs report.<\/p>\n

What did the Labor stats show us this month? Oh, that private non-farm employers added 428,000 more Americans to their payrolls and that joblessness remains at 3.6%, or at the same level it stood prior to the coronavirus pandemic.<\/p>\n

Still, and this just baffles me to the point of confusion: President Biden keeps getting pilloried because the economy — according to the critics — is “in the tank.”<\/p>\n

Is it? Not really. Actually, the economy is humming along fairly well.<\/p>\n

Now, I will acknowledge the obvious “elephant in the room,” which would be inflation. I don’t like paying more for eggs, bread, milk, veggies and meat any more than the next red-blooded American. Nor do I like shelling out huge piles of dough for motor fuel. Is that totally within the president’s control? No. It isn’t even close.<\/p>\n

We have this war erupting in Ukraine, which produces a lot of the world’s grain. Russian oil has been all but cut off from the rest of the world. Demand for all of that is high; supply is low. Hmm. High demand and low supply? What does that mean? We pay more for goods and commodities.<\/p>\n

Biden is trying to help stem the rise in fuel prices by ordering the tapping of the Strategic Petroleum Reserve. He wants the SPR to ship 1 million barrels of crude oil each day for six months to help boost the supply of oil.<\/p>\n

I am not going to criticize the president’s handling of the economy. He was dealt a bad hand when he took office in January 2021. The pandemic crippled the so-called “supply chain.” We are working our way through that crisis.<\/p>\n

Meanwhile, we keep adding hundreds of thousands of jobs each month and the unemployment rate remains just about at rock bottom.<\/p>\n

What in the name of realism is wrong with that?<\/p>\n

johnkanelis_92@hotmail.com<\/a><\/p>\n\n

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The U.S. Labor Department each month gives us a snapshot of where the nation’s economy stands. It comes in the form of its jobs report. What did the Labor stats show us this month? Oh, that private non-farm employers added 428,000 more Americans to their payrolls and that joblessness remains at 3.6%, or at the … Continue reading Jobs piling up, unemployment low … huh?<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[2503,2505,9899,5047],"class_list":["post-51514","post","type-post","status-publish","format-standard","hentry","category-business-news","tag-joblessness","tag-joe-biden","tag-ukraine-war","tag-us-labor-department"],"_links":{"self":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/posts\/51514","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51514"}],"version-history":[{"count":1,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/posts\/51514\/revisions"}],"predecessor-version":[{"id":51515,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/posts\/51514\/revisions\/51515"}],"wp:attachment":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}