Hidden reality of new jobs report: Americans taking side gigs to make ends meet amid soaring costs

“President Biden touted the jobs report as evidence that his economic policies are working.”

(Aaron Kliegman – Just the News) The Labor Department’s newly released jobs report for July appeared to be good news for the economy — at first glance.

A dig below the surface, however, reveals a different picture: Americans, strapped for cash by inflation, taking on second jobs as families have less money to spend.

The economy added an unexpectedly high 528,000 jobs in July while the unemployment rate fell slightly to 3.5%, according to figures released by the Bureau of Labor Statistics on Friday. View article →

 

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