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New data shows US job growth has been far weaker than initially reported
CNN ^ | Aug 21, 2024

Posted on 08/21/2024 3:32:42 PM PDT by Words Matter

US job growth during much of the past year was significantly weaker than initially estimated, according to new data released Wednesday.

The Bureau of Labor Statistics’ preliminary annual benchmark review of employment data suggests that there were 818,000 fewer jobs in March of this year than were initially reported

(Excerpt) Read more at cnn.com ...


TOPICS: Government; News/Current Events
KEYWORDS: bidenomics; bidensfault; economy; growth; harriswalz; jobs; kamunism; labor; trump
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To: CatOwner

Stocks will go up even higher now because more unemployment means an interest rate cut. Which will mean more inflation. Interest rates should be hiked not cut.


21 posted on 08/21/2024 4:36:00 PM PDT by Tipllub
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To: Thorium90

“The surprise is the legacy media is reporting it.”

It’s not so much whether they report it, as how often they report it. When they want you to know something, they report it hundreds (thousands?) of times. Reporting once is about the same thing as burying it.


22 posted on 08/21/2024 5:12:34 PM PDT by ChessExpert (Scarborough: "This is the Best Biden ever.")
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To: Indy Pendance

I’m stealing that line. LOL


23 posted on 08/21/2024 5:13:34 PM PDT by Huskrrrr (Alinsky, you magnificent Bastard, I read your book!)
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To: Thorium90

More than likely it was leaked and they had no choice


24 posted on 08/21/2024 5:16:43 PM PDT by italianquaker
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To: Words Matter

Let’s go Democrats!


25 posted on 08/21/2024 5:20:41 PM PDT by blueunicorn6 ("A crack shot and a good dancer” )
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To: Words Matter

And just like that part of my portfolio takes a dip. I just heard that a Biden Commerce idiot didn’t even know what a jobs report was. She was lying because her intention was to blame Trump or she was that stupid.


26 posted on 08/21/2024 5:26:13 PM PDT by shanover (...To disarm the people is the best and most effectual way to enslave them.-S.Adams)
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To: Words Matter

https://legalinsurrection.com/2024/08/biden-commerce-sec-doesnt-know-about-the-major-jobs-revision-not-familiar-with-the-bureau-of-labor-statistics/

“Biden Commerce Sec. Doesn’t Know About the Major Jobs Revision, Not ‘Familiar With’ the Bureau of Labor Statistics”

How did Gina Raimondo not know about the huge jobs revision report from today or the part of her department that puts out jobs reports?


27 posted on 08/21/2024 5:33:12 PM PDT by CFW
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To: Tipllub

“Stocks will go up even higher now because more unemployment means an interest rate cut. Which will mean more inflation.”

Or, they will rise because the market sees this as helpful to Trump.


28 posted on 08/21/2024 5:37:00 PM PDT by BlueStateRightist (Government is best which governs least.)
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Comment #29 Removed by Moderator

To: systemjim

“How can they “miss” a number by nearly a million?

It has to be intentional in order to make the Biden/Harris administration look good.”

How does a revision that *lowers* employment by 800,000 workers make the Biden/Harris administraton look good?


30 posted on 08/21/2024 6:42:16 PM PDT by riverdawg
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To: Words Matter

So after the pandemic “go back to work” has US (not the jobs going to foreigners) been a net negative?


31 posted on 08/21/2024 7:51:13 PM PDT by gov_bean_ counter (Eccl 10:2 - The heart of the wise inclines to the right, but the heart of the fool to the left )
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To: Eli Kopter

Causes me some consternation. What the heck are the jobs for. They can’t all be backfills.


32 posted on 08/21/2024 7:52:34 PM PDT by gov_bean_ counter (Eccl 10:2 - The heart of the wise inclines to the right, but the heart of the fool to the left )
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To: systemjim

“How can they “miss” a number by nearly a million?”

When you have clowns in the administration that think math is racist anything becomes possible.

:-)


33 posted on 08/21/2024 7:53:56 PM PDT by cgbg ("Our democracy" = Their Kleptocracy)
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To: Words Matter

Yeah, but the lie already got all the way around the world a few times. Lazy corrections like this get nowhere.


34 posted on 08/21/2024 7:55:54 PM PDT by Bullish (...And just like that, I was dropped from the ping-list)
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To: Words Matter

You mean the Biden Administration cooked the books on job numbers to look good to voters?

No...........would they do that? Yes, they would.


35 posted on 08/21/2024 9:22:49 PM PDT by Robert357
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To: Words Matter

In a shocking develonment new data shows that the entire government is a lying sack of feces.


36 posted on 08/22/2024 1:03:42 AM PDT by FrozenAssets (You don't have to be crazy to live here, but it helps)
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To: Kozak

Everything is calculated.


37 posted on 08/22/2024 10:54:17 AM PDT by CommieCutter
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