Biden/Harris Job Numbers Grossly Exaggerated, Down a MILLION In Latest Revision
The Biden/Harris regime has been lying. Bigly.
And its not the first time: Job Gains This Year OVERSTATED by 1.1 Million, It Was Only 10K
And no media will cover the current recession.
The job numbers are fake. The Bureau of Labor Statistics just revised the job numbers down by up to 1 million. Here are some takeaways:
• 1.6 million full-time jobs have been replaced with 1.8 million part-time jobs. This is a net negative.
• Since 2019, all employment growth… pic.twitter.com/iYSclsPlhv
— Zachary (@zacharyjosephX) August 20, 2024
https://twiter.com/WallStreetSilv/status/1825948073081843996
There is a massive revision to the US job numbers on Wednesday.
I just wanna say that the numbers have been revised every single month since the administration started and one time is a mistake but every single time is done on purpose to lie to American people and they don’t…
— Insurrection Barbie (@DefiyantlyFree) August 19, 2024
Related:
Big Three Networks CENSOR Upward Revision in May Jobs Numbers: 5.825M Higher Than Estimate
Fed confronts up to a million US jobs vanishing in revision
By: Augusta Saraiva, Yahoo Finnace, Aug 20, 2024:
(Bloomberg) — US job growth in the year through March was likely far less robust than initially estimated, which risks fueling concerns that the Federal Reserve is falling further behind the curve to lower interest rates.
Goldman Sachs Group Inc. and Wells Fargo & Co. economists expect the government’s preliminary benchmark revisions on Wednesday to show payrolls growth in the year through March was at least 600,000 weaker than currently estimated — about 50,000 a month.
While JPMorgan Chase & Co. forecasters see a decline of about 360,000, Goldman Sachs indicates it could be as large as a million.
There are a number of caveats in the preliminary figure, but a downward revision to employment of more than 501,000 would be the largest in 15 years and suggest the labor market has been cooling for longer — and perhaps more so — than originally thought. The final numbers are due early next year.
Such figures also have the potential of shaping the tone of Fed Chair Jerome Powell’s speech at week’s end in Jackson Hole, Wyoming. Investors are trying to gain insight as to when and how much the central bank will start lowering interest rates as inflation and the job market cool.
Source: https://gellerreport.com/2024/08/biden-harris-job-numbers-grossly-exaggerated-down-a-million-in-latest-revision.html/
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