Overall, employment in the United States is still “down by 2.1 million, or 1.4 percent, from its pre-pandemic level in February 2020,” a rebuttal to President Biden’s attempts to claim job growth as a result of his policies rather than the measurement of people being able — or being forced by inflation — to return to jobs that already existed before COVID mayhem took hold.
When it comes to wage growth — another statistic often touted by President Biden — February showed average hourly earnings increasing by 5.1 percent. Meanwhile, the latest data on inflation from the federal government showed consumer prices clocking a 7 percent increase year-over-year, leaving Americans with less buying power despite the growth in wages.