Posted on 10/06/2024 5:50:16 AM PDT by MtnClimber
As the media campaign so vigorously for Democrats and cheer how great the Biden-Harris policies have been, suddenly, the Department of Labor comes out with an unemployment report that blows away expectations.
Biden and Harris were out bragging as a significant number of people still can’t pay their bills without running up new debt or going delinquent on the debt they already had.
Supposedly, 254,000 jobs were created in September. Isn’t that amazing, that this report came out one month before the election?
Of course, the media gave the headline number and never got into the details.
Here is one important detail: government jobs showed a gain of 785,000 because of the second biggest seasonal adjustment on record. (It is easy to manipulate numbers when you have “seasonal adjustments.”) This would mean that private-sector employment declined 531,000 with seasonal adjustments. I would say that is not too much to brag about. Somehow, the voters don’t get to see that number, but they know that the economy has sucked the past four years because they can’t pay their bills.
In September, the number of government workers as tracked by the Household Survey soared by 785K, from 21.421 million to 22.216 million, both seasonally adjusted (source: Table A8 from the jobs report). This was the biggest monthly surge in government workers on record (excluding the outlier print in June 2020 which was a reversal of the record plunge from the Covid collapse months before).
And, from the Department of Labor itself: Private-sector employment, not seasonally adjusted, went down 458,000. What would the voters think if they saw the factual number instead of the seasonally adjusted number?
(Excerpt) Read more at americanthinker.com ...
BLOATED Mother Government continues to be BLOATED...on our nickle!
Wait! These days I don’t HAVE two nickles to rub together, thanks to inflation, a fixed income and a cr@ptastic economy!
Let me say this, as a former worker for both the Feds and the State: My fondest wish is that President Trump cuts these numbers - by a good 75%! MAGA! :)
“Remember the old days when they said that it was necessary to add 300,000 new jobs every month just to break even?”
I’m so old that I remember Brandon, when he was just VP, telling us all that he and 0bama would be creating 400,000 jobs every month!
*SPIT*
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