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Federal Reserve Bank of Philadelphia estimates that the employment data was vastly overstated in 2022.
https://twitter.com/WallStreetSilv ^ | 1:00 AM · Dec 16, 2022 | Staff

Posted on 12/19/2022 6:02:52 AM PST by Red Badger



TOPICS: Business/Economy; Computers/Internet; Government; Politics
KEYWORDS:

1 posted on 12/19/2022 6:02:52 AM PST by Red Badger
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To: Red Badger

Well, the RATS had to do something. They had a mail in banana electoon coming and their far-left “media” was having a hell of a time holding Jo Jo Biden’s ass up.


2 posted on 12/19/2022 6:08:38 AM PST by FlingWingFlyer (Hey Amerika! The whole world is watching and laughing their asses off. )
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To: Red Badger

Unemployment figures are meaningless to the casual observer. They are so changed and manipulated they do not mean what they used to. With so many trying to find people to work for them why is the unemployment so high??


3 posted on 12/19/2022 6:09:28 AM PST by mountainlion (Live well for those that did not make it back.)
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To: Red Badger

Nothing is true. Everything is permitted.


4 posted on 12/19/2022 6:11:32 AM PST by ClearCase_guy (No one is as asleep as the "woke". They define the term "useful idiot".)
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To: Red Badger
I'm shocked!


5 posted on 12/19/2022 6:13:40 AM PST by Bubba_Leroy (Dementia Joe is Not My President)
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To: Red Badger

#FedBankOfPhillyDidNotCommitSuicide


6 posted on 12/19/2022 6:14:36 AM PST by Ignatz (Winner of a prestigious 1960 Y-chromosome award!)
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To: mountainlion
People gone gault, working under the table, deaths from covid/vaccines. Automation shift from covid manpower issues. And finally, the worker is simply not gonna work for companies that forced them to take a vax or in general dealing with karens and urbans in customer service jobs.
7 posted on 12/19/2022 6:17:26 AM PST by Theoria
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To: Red Badger

thanks to Kant and postmodernism, for lefturd loons there is no such thing as objective truth or objective knowledge, only narratives that further their agenda and objectives


8 posted on 12/19/2022 6:31:16 AM PST by mjp (pro-freedom & pro-wealth $)
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To: mjp

“no such thing as objective truth or objective knowledge, only narratives”

This is not new—goes back at least to the Pharoahs.

Their “narrative” was that they were descended from the Gods and everyone else must obey or die.

Sociopaths rise to the top of large organizations until they destroy them.


9 posted on 12/19/2022 6:33:43 AM PST by cgbg (Claiming that laws and regs that limit “hate speech” stop freedom of speech is “hate speech”.)
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To: ClearCase_guy

The Assassin’s Creed.


10 posted on 12/19/2022 6:57:01 AM PST by Nathan _in_Arkansas (Hoist the black flag and begin slitting throats. )
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To: Red Badger

Ya Think?


11 posted on 12/19/2022 7:34:44 AM PST by VTenigma (Conspiracy theory is the new "spoiler alert")
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To: VTenigma

vastly overstated.........IOW, THEY OUTRIGHT LIED...............


12 posted on 12/19/2022 7:35:40 AM PST by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: Red Badger

The jobs numbers were off by 99.99%, but we’re supposed to believe it was an honest mistake.


13 posted on 12/19/2022 8:12:25 AM PST by Roadrunner383
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To: Roadrunner383

Not really.

Deep State doesn’t care what we believe.

And as long as it can steal elections with impunity, it doesn’t have to care, does it...


14 posted on 12/19/2022 8:14:07 AM PST by mewzilla (We will never restore the republic if we don't first secure the ballot box.)
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To: Red Badger

The bogus employment stats is the only thing Biden can boast. Even when he does that he lies. Deep state corruption exists all the way down to the BLS. Government should not be in the business of producing economic statistics. At least in the case of unemployment there is an alternative. ADP consistently produces more accurate statistics.


15 posted on 12/19/2022 8:14:54 AM PST by ConservativeInPA (Stupidly is a moral problem, not an intellectual problem. )
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To: Red Badger

Only 10,500 new jobs were added instead of the 1million+ estimated.

No surprise there — it was an election year and they needed some good news [even if they had to fake it] to prop up PoopiePants and his Dems.

That is probably the same way they ‘got’ 81 million votes in 2020 and will get 200 million just in the swing states in 2024.

The ‘fun with numbers’ games have been going on in DC for decades. They know they can always come out with a correction later: ‘unexpected increase’ or ‘surprising decrease’.


16 posted on 12/19/2022 8:41:15 AM PST by TomGuy
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To: Red Badger

So why would they tell us this now?


17 posted on 12/19/2022 8:43:08 AM PST by Honest Nigerian
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To: Red Badger

As a certified cynic I have always lived by this precept. Don’t believe anything government tells you. This precept has always served me well, especially lately.


18 posted on 12/19/2022 8:50:30 AM PST by VTenigma (Conspiracy theory is the new "spoiler alert")
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I don’t get it. What do people live on? The cost of living is astronomical where I live compared to much of the country. Gas is nearly double what it is in the south here. Rents on average for krap apartments are far above my mortgage for my nice house I bought 20 years ago. Utilities here are through the roof, and according to the interwebs, the average houshold income is tiny. Yet, overpriced restaurants and bars are packed all the time and this county still votes demonrat


19 posted on 12/19/2022 9:05:54 AM PST by dsrtsage ( Complexity is just simple lacking imagination)
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To: dsrtsage

Also, any contract work is 5 times the national average and often requires significant wait times as there aren’t enough people to do the work


20 posted on 12/19/2022 9:07:29 AM PST by dsrtsage ( Complexity is just simple lacking imagination)
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