Posted on 08/20/2024 2:12:14 PM PDT by CFW
The Bureau of Labor Statistics has “revised” job growth numbers from the first quarter of 2024, showing up to a million jobs didn’t actually exist.
“US job growth in the year through March was likely far less robust than initially estimated, which risks fueling concerns that the Federal Reserve is falling further behind the curve to lower interest rates,” Bloomberg reports. “Goldman Sachs Group Inc. and Wells Fargo & Co. economists expect the government’s preliminary benchmark revisions on Wednesday to show payrolls growth in the year through March was at least 600,000 weaker than currently estimated — about 50,000 a month.”
(Excerpt) Read more at townhall.com ...
The Feds and the Biden administration has been bumping heads. The Biden administration puts out the rosy numbers and the Feds use those numbers in determining their actions. The Fed has been basing their actions on fake numbers. The result is going to be horrendous.
Typical for an Obama Administration.
What does this administration /media partners not lie about?
Gotta love Bidenomics.
“Unexpected.”
No worries, Joe and Kamunist won’t let anything like the pesky truth get in their way of the big sell.
Now since Biden is no longer the candidate, the FEDS have stopped playing Fun With Numbers.
Imagine that.
Has anyone in the Pravda press asked either one of them for comment on this topic? Or are they still not talking to the media?
Article from NYPost from 4:30 this afternoon.
“Wall Street banks brace for downward revision of up to 1M fewer jobs — fueling worries the Fed failed to slash rates on time”
Article from Bloomberg:
“Fed Confronts Up to a Million US Jobs Vanishing in Revision”
1 million...
That’s quite the oopsie.
The media does all the talking for them. They just sit back and be joyful.
Their fake numbers don’t include the thousands of jobs that are bleeding out each day. Can’t count the number of immediate family or remote acquaintances who’ve spoken about someone losing their jobs. BIDANOMICS WORKS as intended.
They lie about the numbers and then weeks later downgrade them to actual real numbers when heads are turned elsewhere (Like the DNC)
Job posting
Gubermint Statisticians, no experience required, starting at 120k a year. Your politically appointed Dept. Manager will tell you the numbers to report, no analysis required, you just sign off and take responsibility for them.
I read there is a reason companies have been doing this, I don’t recall why. But these so called new jobs make it appear they are hiring. My child works in tech and operations, and is lucky to have a job right now. People my child went to the University with are working in retail or service industry jobs. All the real jobs are entry level low wage positions. Most State and Federal jobs are temporary one to two year positions.
Kamala is on the job...day one.
...well,January of 2025 if she has
time during her busy schedule.
Cackle cackle.
MAY throw a “Wrench INTO HARRIS’ Speech?””
“Gubermint Statisticians, no experience required, starting at 120k a year. Your politically appointed Dept. Manager will tell you the numbers to report, no analysis required, you just sign off and take responsibility for them.”
I suspect that the ad runs 365 days a year. There is always a need for grunts to report the government story-line. Such reporting makes the citizens happy!
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