Vice President Joseph R. Biden said in a task force report to President Obama that business growth in the United States has hit “historic rates” and that hiring is reaching new highs.
Specifically, the report said: “Businesses are hiring at historic rates, with 52 consecutive months of net private sector job growth. Manufacturing is back, with 668,000 new jobs in the past 52 months,” National Review reported.
And yet, facts show the hiring claims may be a bit short of truth. As the National Review put it: “Biden is flat-out wrong.”
The media outlet reported that the number of business hires per month as a percentage of the number of employed Americans, as well as the number of gross hires made by businesses on a monthly basis, were much healthier under the previous George W. Bush administration.
“In fact,” National Review reported, “most of the Bush years handily outstripped the very best of the Obama years.”