Then we have the growing public sector that multiplied under Biden-Harris. The public sector added an additional 24,000 positions in July. Biden openly stated that he wanted to expand the government by at least 82,000 positions in FY24 and this seems to be the one promise he made good on. Every federal agency received a budget boost for this fiscal year with an emphasis on increasing the Treasury Department.

Bidenomics has failed and businesses continue to flee overseas. America is beginning to see a recession in manufacturing at a time when the US needs to produce more. Instead, we are wasting countless resources by growing government to the highest level since World War II. The proper way to analyze this jobs report is to view it as expenses rising and production declining. This will contribute to the coming stagflation that we will see in this economy as GDP declines.