The Incredible Shrinking Econony! Initial US Employment Overstated By 439,000 Jobs In 2023, Civilian Labor Force Shrinks By 636,000 In December (Most Jobs Created In Government)

Confounded Interest ^ | 01/07/2024 | Anthony B. Sanders

[Kaiser8408a]

The closer we look at the December jobs report, the worse it gets. Its like the lights are on, but nobody is home.

A closer look at the numbers from the Bureau of Labor Statistics shows that the government quietly erased 439,000 jobs through November 2023.

That means its initial jobs results were inflated by 439,000 positions, and the job market is not as healthy as the government suggests.

Since the government wiped out 439,000 jobs after the fact, the total percentage of jobs created by the government last year is even higher.

But just in December, the civilian labor force shrunk by 636,000 jobs.

Increased government hiring has been driving the jobs numbers higher. This is NOT good since government doesn’t produce anything other than regulations and red tape.

Again, the government sector in December ranked high in job creation.

The health care and social assistance sector, which relies heavily on money from government spending, created about 59,000 jobs.

The economy lost 1.5 million full-time workers since June of last year, while adding 796,000 part-time workers.

That means more workers are holding down multiple jobs to pay for a higher cost of living due to a cumulative 17.4% inflation rate under this White House.

That’s not a good sign.

[DownInFlames]

I can buy a dozen eggs here for $1.75 here in the St. Louis area.

[ClearCase_guy]

And real wages are up.

That is awesome news.

inflation at this time is below average

More awesome news.

I'm glad that Biden's team has managed the economy so skillfully.

[FoxInSocks]

I think the $9 eggs were the result of a chicken shortage due to an avian flu epidemic.

[T. P. Pole]

“And real wages are up. All this “expensive” talk is a red herring. The big inflation period is over, inflation at this time is below average”

I have to admit I have no clue what you are talking about. Are these numbers the same as the jobs added numbers?

[SaxxonWoods]

And real wages are up.
That is awesome news. (yes)
inflation at this time is below average
More awesome news. (yes)

I’m glad that Biden’s team has managed the economy so skillfully. (they haven’t)

The real wage and inflation dip has happened despite Biden’s policies. Just think how good things COULD be.