A Republican House representative’s attempt to bemoan Bidenomics backfired Wednesday when he took the floor to share data he thought would outrage the nation.
“This is the second worse jobs report of the Biden presidency,” declared Rep. Guy Reschenthaler (R-PA). “The unemployment rate rose to 3.9 percent.”
But the problem with this assessment of October’s unemployment rates was quickly pointed out by hordes of X viewers who ridiculed Reschenthaler for his poor understanding of “economics 101.”
"In case he needs a refresher,” replied Jeff Holcomb, “definition of full employment is 4%.”
According to a U.S.A. Today analysis, Holcomb is correct.
The Bureau of Labor Statistics defines full employment as the highest employment level that doesn’t increase inflation. U.S.A. Today analysts, relying on Center for Budget and Policy Priorities standards, put that number between 4 and 6 percent.
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"The is really scraping the bottom of the barrel looking for bad news," responded X user RollWithIt.
"Another rocket scientist from PA," wrote user Ann Loftus, while another user wrote: "Quick, someone show him Trump's 2nd worst jobs report."
According to a FactCheck.org analysis of the economy under former President Donald Trump’s administration:
