The more likely explanation is that the job numbers were always lower and they're just now coming out. Biden's economy was...rather meh. His gravity-defying job numbers never made sense.

When I first saw that piece on Yahoo Finance, I did a post, with a graph of the last 20+ years of "job creation". Putting the numbers in context, what we are seeing is a reversion to the mean, not a depression.

Remember, in 2020, Trump talking about the post plague economy will roar, due to "pent up demand"? There was a temporary bump in "jobs", to fill that "pent up demand". "Jobs" are now returning to the mean, with maybe a little overshoot to the downside, because the "JCs" are seeing the straight line rise to infinity they were projecting fail.

This graph shows what I'm talking about.

eyeonhousing.org - Wp content

Going forward, we could see even less "job creation", because the "JCs" can't find anyone to take their jobs, due to no-one being allowed into the country, combined with the government running as many people out of the country at they can. Knowing they can't find people to fill their "jobs", many "jobs" will be automated, or not done at all. The guest on Yahoo, said the new norm could be 30,000/month, with some months in 2026-27 showing no job growth at all. As suggested before, I think the Medicaid work requirement is a forced labor scheme, to force people to work/work more hours, to ease the transition to no immigrant labor. When a similar work requirement was pushed in Michigan a few years ago, the bill's sponsors said, openly, it was a forced labor scheme. A metro Detroit County Prosecutor has proposed another forced labor scheme for certain offenders.

Steve