Guest Post by Anthony Sanders
Both outgoing President Obama and lingering Federal Reserve Chair Janet Yellen are making claims about the number of jobs added under their leadership.
Yellen: “Job market strong, signs of wage growth.” And the “strongest job market in nearly a decade.”
Obama (during his farewell press conference last Friday): “Since I signed Obamacare into law, our businesses have added more than 15 million new jobs,”
Sounds impressive, unless you look closely at the numbers.
First, about the 15 million new jobs added since Obama signed Obamacare into law. The black box in the chart below shows the real average hourly wages since 2010 (through 2014). They were declining.
Continue reading “Cyclone! The Fed/Obama Labor Recovery In 5 Charts (And They Are Ugly!)”
