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The polarizing jobs report

Friday morning's dismal jobs report only goes to prove whatever people already believed about government policy.

The big picture: Democrats and progressivesare convinced that the weak pace of job growth only serves to underscore the necessity of massive government spending to boost the economy.


  • "The US economy is being propped up by fiscal transfers," writes economist Edward Harrison. "There is still weakness beneath that. And these jobs numbers prove this."
  • In this view,the stimulus was barely big enough to generate anemic job growth, and anything smaller would have been disastrous.

Between the lines: Mothers, in particular, are being left behind in this recovery, says Hamilton Project economist Lauren Bauer. The jobs report proves that more is needed to enable women and caregivers to re-enter the labor force.

Republicans and the business lobby see the opposite dynamic.

  • "The disappointing jobs report makes it clear that paying people not to work is dampening what should be a stronger jobs market," says U.S. Chamber of Commerce chief policy officer Neil Bradley. "One step policymakers should take now is ending the $300 weekly supplemental unemployment benefit."
  • Weak job growth also throws into question the efficacy of massive government stimulus. If trillions of dollars in new spending can't provide a large bump to employment, that's evidence that it simply failed.

The other side: President Biden repudiated that view today and said that he knew when he took office that the economic recovery would be a "marathon," not a "sprint."

  • He denied that there is "measurable" data to suggest people aren't looking for jobs because of enhanced unemployment benefits.

🎧 Podcast:Unpacking that abysmal jobs report

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Peloton announces new safety features for Tread treadmill after reported injuries and death

Peloton will once again sell its Tread treadmill model in the U.S., UK and Canada on Aug. 30 and in Germany later this fall, the company announced Tuesday.

Why it matters: The move comes three months after the company recalled its Tread and Tread+ models due to reports of small children being injured and even killed beneath the machines.

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