Report: US Economy Added 142K Jobs in August

Image copyright: Unsplash

The Spin

Democratic narrative

Robust job growth is a strong sign that the US economy is recovering. Though wage growth is consistently outpacing price growth, the unemployment rate is falling, and inflation is moderating — as expected — Republicans will continue to mislead their voters before the November election. The US labor market remains defiant to pessimism, which shows that the economy is returning to a more sustainable pace of growth after the post-pandemic boom.

Republican narrative

These numbers paint a gloomy picture of the future. While the Biden administration is adamant that the US labor market is in good shape, this report — a piece of disinformation ahead of the November election — shows that it's indeed collapsing. Job growth isn't just slowing but deteriorating, and the economy is spiraling downwards. Americans are in debt and the stock market is jittery — in short, under Democrats, the US will likely experience a recession.

Metaculus Prediction


The Controversies



Go Deeper


Political split

LEFT

RIGHT

More neutral political stance articles

Sign Up for Our Free Newsletters
Sign Up for Our Free Newsletters

Sign Up!
Sign Up Now!