The Labor Department reported Friday that the US economy added 943,000 nonfarm payroll jobs in July, far more than the 870,000 economists predicted.
To be precise, I wouldn’t call this “adding jobs,” although I’m sure President Biden will claim that and try to take credit for it. It’s mostly people coming back to work after state and city governments finally starting lifting their months’-long “two-week” lockdowns. The big employment numbers also have a lot to do with a number of states cutting off the federal government’s extended unemployment benefits that made it more lucrative to stay on the dole than to take a job.
It does show you, though, how much can be accomplished if you just stop doing things that are actively harmful. That would be a good lesson for this Administration to learn on multiple levels.
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