Andy Puzder is the former chief executive of CKE Restaurants, a senior fellow at Pepperdine University’s School of Public Policy and the author of “Getting America Back to Work.”
Job openings in the United States hit a record high of 9.3 million in April, the Labor Department announced Tuesday. That’s up from 8.3 million in March. The evidence is clear: Despite a staggering federal stimulus of $5.3 trillion since March 2020, in what now should be a natural upswing in the business cycle, the Biden economy is producing underwhelming job growth.
The lesson here is that even coming out of a recession, when employment should surge, policy matters — and bad policy can easily hobble an economic recovery.
