The Bureau of Labor and Statistics (BLS) released the December jobs report today [DATA HERE] showing 223,000 jobs gained in December ’22.
Most of the job growth was in the “leisure and hospitality” sector (+67,000), healthcare (+55,000), construction (+28,000) and social assistance (+20,000). Additionally, average hourly earnings rose by 0.3%, with a year-over-year measure of wage growth at 4.6%.
At this point in the history of our economic pretending game, we are well aware the employment numbers are heavily manipulated in order to support the government policymaking that is destroying the same workforce they claim to represent. It’s all a ruse, just look around your community and you will see what I am talking about.
The financial pundits, Wall Street, government policy makers and various individuals and economic gaslighters are concerned that worker wage growth could drive inflation. This is one of the most aggravating aspects to reviewing the majority of economic punditry. [Example:]

This knuckleheaded narrative engineer from the New York Times/Atlantic even has the audacity to say, “let prices continue to fall to target,” as if there is a single item at any price that is dropping. His spin is a good example of gaslighting just from the use of the statement “price inflation is falling back towards where we want it.”
Price inflation is not price. ‘Price inflation’ is the rate of increase. There’s a BIG DIFFERENCE between “inflation falling back” and prices dropping. Inflation falling back is merely a lessening of the rate of price increase. The price does not drop, and never will.
This reality is why it is infuriating to see government policymakers and pundits decry wage growth as a bad thing that might cause inflation.
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