Guys! OMG, you guys! If you’re like us, you’ve probably been concerned about month after month of bad jobs reports, but finally, at long last, we’ve got good news for you.
Or, rather, White House Chief of Staff Ron Klain has got good news for you.
Bust out the Champagne and caviar, because it’s time to celebrate!
Another historic jobs report — with strong growth in manufacturing. The @POTUS will be talking more about this today in Ohio. pic.twitter.com/0QccohimVx
— Ronald Klain (@WHCOS) May 6, 2022
How exciting!
Best President and administration ever🤓💙💙💙
— Janzee (@janicecarlson77) May 6, 2022
True story! If Ron Klain’s your narrator, that is. Do you get the feeling that Ron’s leaving some important information out of his “historic jobs report” tweet?
Good. Trust that feeling. Because you’re right.
Low unemployment isn't good when productivity is decreasing as it is right now. It means every new job produces less than it costs, which creates something called labor slack. Labor slack is U6-U3 (difference between labor market as it is and as it could be) which is increasing https://t.co/3SLbzG3yQ8
— Phil (@RealPhillyP) May 6, 2022
— Phil (@RealPhillyP) May 6, 2022
Now why wouldn’t Ron mention a detail like that? Seems he didn’t mention quite a few details.
Labor Participation rate declined.
Which means fewer people are working, but it doesn't show up in the main unemployment stats. https://t.co/VKpfiNQH9i
— Horst De Wermer, DVM, MD, PhD, GED, DDS, MOUSE (@Crapplefratz) May 6, 2022
Share the labor participation rate..
Taking credit for your party allowing people to earn a living is not the same as creating jobs, lowering unemployment or sign of a booming economy. https://t.co/KZh2UsJDSS
— J.R.S (@Johnathan_RS_) May 6, 2022
How about runaway, non-transitory inflation? Is that a sign of a booming economy, Ron? Is it?
https://t.co/hibn6Fmsrq pic.twitter.com/DdkZWlzc6G
— Scott Sloofman (@ScottSloofman) May 6, 2022
So people are still effectively losing money, then.
Congrats https://t.co/3XB9qAVf2E
— A N (@MaxNordau) May 6, 2022
Great work, Team Biden.
https://t.co/MsB8a0Ikgl pic.twitter.com/cUt3eEQO4Y
— Deedo (@Deedo_70) May 6, 2022
Hey, it keeps Ron Klain and Co. employed!
https://t.co/NUsG6hgKCS pic.twitter.com/QF6xCQIXYI
— Dr. Rosenpenis (@Jimsdoublechin2) May 6, 2022
Baghdad Ron.
Shorter @WHCOS: https://t.co/TESBd8SiWS pic.twitter.com/i0DrAOw1Im
— Anthony Abides (@AnthonyAbides) May 6, 2022
***
Related:
Poll showing Biden approval still dismal but not quite as dismal as before earns a Ron Klain retweet
