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To: bitt
***BREAKING: Biden and Harris Were Cooking the Books the Whole Time! 1 Million Jobs VANISH in Downward Revision – Trump Responds to Fraudulent Jobs Numbers (VIDEO)***

No real surprise here. In fact this is regularly normal procedure. All these statistics get adjusted in a few months when all the available data is in and more thoroughly analyzed. Frankly, the final numbers are usually, but not always, lower.

Two things stand out here. First, new jobs is only one indicator; there is unemployment, gross national product, consumer price index, a whole group of 'leading indicators'. Taken as an universe all together an adjustment can make quite a difference, even indicate a boom or a recession.

That brings up point #2; if employment - new jobs - is significantly misfigured, what about the other indicators? If they are all significantly miscounted, IS THE GOVT HIDING AN IMPORTANT TRUTH? In this instance the answer is probably: 'Yes!'

I finally heard one economist state recently that the middle class has been in a recession for some time. Many in the 'middle class' have realized this for some time! They just have not been allowed to say it. A major election is coming up and it seems likely that this major 'adjustment' was not intended to be revealed until after the election. Something or someone forced a wheel to come off of the chuck wagon!

20 posted on 08/20/2024 7:12:57 PM PDT by Bob Ireland (The Democrap Party is the enemy of freedom.They use all the seductions and deceits of the Bolshevics)
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To: Bob Ireland

So how did we find out just now? It could have waited until November.


26 posted on 08/20/2024 8:05:30 PM PDT by MinorityRepublican
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