Glenn can’t take Biden’s LIES about “creating jobs” anymore! Biden claims he has created 15 million jobs while in office. But Glenn reads an article by Daniel Horowitz on theblaze.com that breaks down why that’s a massive lie. According to the Bureau of Labor Statistics, Biden only created 2.3-5.5 million jobs when you take out people returning to work after the pandemic. But even that isn’t the full truth. When you account for population growth, illegal immigration, and people taking second jobs to fight inflation, the jobs market is actually DOWN under Biden! So, where does Biden’s 15 million number come from? Glenn reveals the truth …
Transcript
Below is a rush transcript that may contain errors
GLENN: So I can't take it, every time that Joe Biden says, well, we've created 15 million new jobs, since January 2021.
Can't take it. Cannot take it. Why, Pat.
Why did you roll your eyes?
PAT: Well, he didn't create 15 million new jobs. Nowhere near. Those jobs came back after the -- after the COVID situation was over. And people went back to work.
GLENN: Okay. It's much worse than that.
It's much worse than that. I want to give you just the facts. This is compiled in a great story on Blaze media. Just go to Blaze.com. Blaze.com.
Daniel Horowitz writes an unbelievable. This should be sent to everyone you know.
He says, he says, the Bureau of Labor Statistics, publishes two jobs reports. The establishment survey and the household survey.
The establishment survey samples actual employers and shows the growth in nonfarm payroll jobs as well as a breakdown from specific industry. While the household survey, samples individual households.
And measures broad census data. Such as total of employment age population.
Size of labor force. The U3 unemployment rate. And the total of employed and unemployed.
So he always has this talking point, where he says, oh, I created 15 million jobs.
Daniel Horowitz starts with, his talking point about job creation is the ultimate self-indictment.
Listen to this. Getting a precise picture of the US unemployment -- or employment, requires conflating data, from both of those surveys.
Typically, the data compliment each other. But in the last couple of years, the numbers have diverged.
For example, the establishment survey shows 3 million additional people employed, since January 2021.
This may be due in part because the employer-based survey picks up more illegal aliens, than the survey of households.
The White House obviously prefers to tout the establishment survey's figure. In any event, the reality is, Biden has a much worse record on job creation, than Donald Trump.
And that's before we delve into the nature of these jobs. When COVID-19 shut down the world in March 2020, employment cratered.
It took well over a year to come back from the lockdowns and nearly get back to par, with the pre-COVID baseline in February 2020.
As such, the only fair comparison for Biden to make, is to measure the number of employed individuals today, compared to February 2020.
I think that's fair, right?
PAT: Yeah.
GLENN: And not even all jobs. I think it's being generous. Not everybody's job was back by February 2020.
PAT: Right.
GLENN: Viewed that way, we don't have 15 million new jobs. We have 5.5 million new jobs created between January 2021 and February of this year.
According to the establishment survey. And just 2.3 million according to the Household Survey. Let's go with the more impressive 5.5 million figure, even though the Philadelphia Fed believes that's overstated.
Although 5.5 million still sounds meaningful. Remember, the country is constantly growing. Since February 2020, the civilian noninstitutional population of working-aged residents grew by 8.1.
I wonder if this is even counting the illegals.
PAT: Wow.
GLENN: So job growth has not kept pace with population growth. Especially judging from the household survey.
This is why the civilian labor force participation rate is down, from 63.3 percent. Ahead of the lockdowns to 62.5 percent.
When factoring in population growth, the fact is, we find an additional 729,000 unemployed, individuals, today.
Put another way, 611 out of every 1,000 Americans, of unemployment age, were working before COVID. Compared to 601 today.
PAT: Jeez.
GLENN: Also, an additional 5 million people are no longer in the labor force, but of working age, which means that for whatever reason, they gave up on job -- the job market.
Federal Reserve chairman Jerome Powell explains these missing workers are the result of excess retirements.
Really? Those are the workers that we're missing. The ones who are ready to retire?
In short, we have a much larger population without jobs than before COVID. Compared to the same period under Trump, the current labor market today is terrible.
After 37 months into Trump's tenure the establishment survey showed 6.7 million jobs created.
But here's the kicker. The population only grew by 5.6 million. Which means the job growth under Trump outpaced population growth by 20 percent.
Under Biden population growth has outpaced job growth by 47 percent. Or 252 percent, going back the household survey.
PAT: Wow.
GLENN: Okay? Hence by virtue of population growth, alone, we have gone backward in job creation since COVID.
But it get worse. As Daniel Horowitz noted before, we have been losing full-time jobs.
All the net job growth has come from part-time employment. In total, 3.4 million part-time jobs have been added since January 21. With 1.7 million just in the past nine months. This isn't a story of growing economy, of go-getters seeking upward mobility. These are people taking second and third jobs, just to afford the basic standards of living.
In fact, the number of those who have held multiple jobs has surged by 1.6 million since Biden took office.
That's why the establishment survey shows greater job creation.
It is double counting the increasing number of employed people with more than one job.
Also, many of the new jobs are classified as self-employed. Thanks to tax change laws. Tax law changes, it now includes a number of Uber and Lyft drivers. Are records of numbers of people starting their own businesses?
No. These are unemployed, and underemployed people taking nebulous jobs, or struggling workers, forced to take a second gig just to tread water.
Meanwhile, thanks to the endless revisions of the unemployment data, full-time jobs are now down 1.8 million since June of last year.
A large share of the remaining lethargic, full-time job creation has been fueled by government itself.
Over the past year, government employees have -- government employment has doubled the growth rate of the private sector work.
Government jobs have comprised between 21 and 58 percent of all job creation, in the past six employment surveys.
Between 21 on the low end. And 58 percent. 60 percent of all job creation. It takes no skill or ingenuity to print trillions of dollars and create phantom jobs, while saddling consumers with the consequences.
This is perhaps one reason why all the job creation has been concentrated in 15 percent of US counties.
Think of that. All the job creation has been concentrated in 15 percent of US counties.
All of the job growth over the last year, came from just 59 out of 389 metro areas, across America.
They were part-time. They went to foreigners. And 15 percent of the country.
Perhaps the most shocking data point.
I mean, I'm already spinning.
PAT: Uh-huh.
GLENN: Perhaps the most shocking data point, that nukes the Biden administration's entire job growth narrative. Is the drop in -- since October 2019, native-born US workers. They have actually lost 1.4 million jobs.
Over the same period, foreign-born workers have gained 3 million jobs.
In fact, there has not been a month of net job creation, for native born workers since July 2018.
PAT: Wow!
So -- where do they even get the 15 million figure? Because it's not even from COVID jobs coming back.
GLENN: No. No. The 15 million is with COVID.
At the present million in COVID. 5.5, they say.
PAT: So you add -- when the jobs come back. And then the 5 million they created. That's where they get the 15 million?
GLENN: Yeah. So if you stop after February 2020, or February 21, I can't remember.
When they say, okay. Jobs were come back.
People were going back to work. If you take all those jobs, that people were going back to work in. Okay?
Then you start from there. You only have 5.5.
PAT: But we've had over 8 million new people.
GLENN: Correct. And I don't believe we should call Daniel. I don't believe that counts for the illegals.
PAT: The illegals. Jeez.
GLENN: That's another 10 million.
And the natural-born citizen, not the foreigner.
But the natural-born citizen here, has actually lost employment.
PAT: Uh-huh.
GLENN: That employment number is going down.
PAT: Jeez.
GLENN: So all of the jobs created are from foreign workers.
Part-time jobs.
Or government jobs. That's not good.
PAT: No.
GLENN: That is not good.