Drill into the nation’s 3.7% unemployment rate, and you’ll find a growing welfare-industrial complex beneath the seemingly strong labor market. Government, social assistance and healthcare account for 56% of the 2.8 million net new jobs over the past year, and for nearly all gains in blue states such as New York and Illinois.
Hmm, this story reminds me of the Soviet Union which had 0% unemployment and empty shelves to show for it.
ProzacPlease
2 years ago
Democrats wonder why people don’t believe the economy is great despite the low unemployment number. This is the answer. Nobody thinks more government social welfare workers leads to an economic boom.
JackBolly
2 years ago
Democrats and their Plantation – Only in a world of fiat currency. Take note Black America, and shove over and squeeze in for the new arrivals.
PS: In Central IL it appears even healthcare has an upper limit of inefficiency and ineffectiveness as the hiring ‘boom’ has slowed greatly away from primary care.
Ex Illini
2 years ago
And what funded the growth in the welfare complex jobs? Free Fed Covid bucks! The percentage of the Federal budget dedicated to debt service associated with Dementia Joe and the New Age Socialists handouts is growing, making it unsustainable. On top of all the free stuff that is largely ineffective and overly expensive, Joe is waging an equally expensive and unwinnable war against Russia by funding the rag tag Ukraine army. The liberal media did their job early in that conflict by telling us Putin was on his deathbed and the morale of the Ukraine army was sky high. If… Read more »
Where's Mine???
2 years ago
So, the sad reality is JB & CTU/Brandon desperately need the migrants….they just need giant fed bailout $billions$ to pay for it all even worse …..pathetic
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Hmm, this story reminds me of the Soviet Union which had 0% unemployment and empty shelves to show for it.
Democrats wonder why people don’t believe the economy is great despite the low unemployment number. This is the answer. Nobody thinks more government social welfare workers leads to an economic boom.
Democrats and their Plantation – Only in a world of fiat currency. Take note Black America, and shove over and squeeze in for the new arrivals.
PS: In Central IL it appears even healthcare has an upper limit of inefficiency and ineffectiveness as the hiring ‘boom’ has slowed greatly away from primary care.
And what funded the growth in the welfare complex jobs? Free Fed Covid bucks! The percentage of the Federal budget dedicated to debt service associated with Dementia Joe and the New Age Socialists handouts is growing, making it unsustainable. On top of all the free stuff that is largely ineffective and overly expensive, Joe is waging an equally expensive and unwinnable war against Russia by funding the rag tag Ukraine army. The liberal media did their job early in that conflict by telling us Putin was on his deathbed and the morale of the Ukraine army was sky high. If… Read more »
So, the sad reality is JB & CTU/Brandon desperately need the migrants….they just need giant fed bailout $billions$ to pay for it all even worse …..pathetic