Fraudulent Job Numbers! Up to 1 Million Jobs Less in Revised Report
An adjustment in the job numbers is to come out today. Not just a few month, but for years. Worse, all employment growth has gone to foreign born workers since 2019. Lies lies and more lies….
According to Bloomberg, payrolls growth between April 2023 to March 2024 was up to 1 million weaker than previously reported. 83,000 fewer U.S.-born Americans are working than in 2019.
Bloomberg reported:
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.
This is a ‘scam’: Donald Luskin. TrendMacro CIO Donald Luskin discusses the economic ideas that Vice President Kamala Harris is campaigning on and the myriad of revisions on job report numbers on ‘The Evening Edit.’ Included is Trump’s response.
Center for Immigration Studies:the Center for Immigration Studies: All employment growth has gone to the foreign-born. 183,000 fewer U.S.-born Americans are working than in 2019, before Covid. Yet, the number of immigrants (legal and illegal) working is up 2.9 million over 2019.
Are you feeling the joy yet of Harris and the Bidenomics and all our new neighbors?
Shocked I say, I am simply shocked. The best in the swamp.
Source: https://bunkerville.wordpress.com/2024/08/21/fraudulent-job-numbers-up-to-1-million-jobs-less-in-revised-report/
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