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 ...
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.
“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.
I’m stealing that line. LOL
More than likely it was leaked and they had no choice
Let’s go Democrats!
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.
“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?
“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.
“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?
So after the pandemic “go back to work” has US (not the jobs going to foreigners) been a net negative?
Causes me some consternation. What the heck are the jobs for. They can’t all be backfills.
“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.
:-)
Yeah, but the lie already got all the way around the world a few times. Lazy corrections like this get nowhere.
You mean the Biden Administration cooked the books on job numbers to look good to voters?
No...........would they do that? Yes, they would.
In a shocking develonment new data shows that the entire government is a lying sack of feces.
Everything is calculated.
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