Posted on 12/09/2023 5:02:01 AM PST by davikkm
The latest jobs report for November presents a seemingly positive picture of the U.S. economy, with 199,000 jobs added and a dip in the unemployment rate to 3.7%. However, a closer examination reveals reasons for suspicion.
Economists’ expectations were surpassed, but the accuracy of the reported figures is now under scrutiny. Despite mainstream media acclaim, 20% of jobs added in 2023 have been revised away, raising questions about the reliability of the initial data.
(Excerpt) Read more at citizenwatchreport.com ...
Behind the apparent recovery, troubling signs emerge. Labor force participation remains below 2020 levels, and total unemployment stands at 7%, with 11.6 million Americans jobless—marking a 7% increase year over year. Furthermore, 5.3 million Americans have halted their job search, indicating potential underlying issues.
Reduce the denominator, and shazam the numbers look better.
All is well nothing to see here, keep moving
Quite a trick, when people stop looking for work they are no longer counted as unemployed.
Did they make a trip to the Star Trek episode people zapper, nope they still exist
But the “numbers” look better, and these folks most certainly have become a drain rather than an add
Have said this before all we have to do is go to zero job participation rate and bingo zero unemployment/s
I have suspected/known that these figures were being manipulated, but at least now the so-called "experts" and the public are waking up to that fact.
Seasonal hire probably explains the majority of it.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.