Posted on 01/10/2025 9:02:53 AM PST by ChicagoConservative27
The U.S. added 256,000 jobs and the unemployment rate ticked down to 4.1 percent in December, according to data released Friday by the Labor Department.
The December jobs report showed the U.S. economy blowing past expectations to end the year. Economists projected the U.S. to gain 155,000 jobs and hold the jobless rate at 4.2 percent, according to consensus estimates.
The new jobs data caps off another year of sturdy job gains since the outbreak of the COVID-19 pandemic in 2020.
Under President Biden, the labor market powered through an inflation surge and high Federal Reserve interest rates meant to slow it down, posting record-breaking jobs gains. But the job market rebound — which had already begun during President-elect Trump’s first term — did little to sell inflation-weary voters on Biden’s economic agenda.
(Excerpt) Read more at thehill.com ...
Yeah, riiiiiiight.
No one expected the Spanish Inquisition.
And no believes the left-wing media.
Honestly, it’s too early to know these numbers for December.
Hence, the inevitable “adjustments” later on.
I’ve always wondered why there is such a rush to know these stats. Who’s the better for them?
BS. This will be another report that revised way down when the actual figure are published later this month
Yeah, they’re lies, buffered by underlying disturbing facts.
Such as most of these were illegals, part-time and government jobs.
Biden my eye, aye aye. Biden is a fraud.
Call me a skeptic, but I strongly suspect that this is part of The Deep State's farewell "pat on the back" to the senile blithering idiot SOB Biden and these figures have very little basis in reality.
What percent of these jobs were taken by “migrants”?
And the DJ is now down over 700 pts. The BS is 10 miles high with this administration.
I thought 300,000 was the break even for retirements, layoffs, firings, quitting etc.
January 20 is the date to switch from systemic overcounting of new jobs to systemic undercounting. It’s like switching the clocks back in November.
The “corrections” and retroactive updates will come in someday. And maybe tricks such as when to apply and not apply the definitions of “job” and “work”.
At one point in Obama’s day an analyst explained that if you were paid to carry firewood, do some chores or handyman work for a person, if that amounted to three times in one week you were considered employed and a working person for the statistics.
Tens of thousands of these made it look like major auto industry jobs or others were on the books.
After January 20th perhaps?
Our economic reporting has gotten as bad as China’s. It’s all designed to keep people “investing” in the US. The problem is everyone knows it’s a scam.
Yep
I I could talk to Trump, I would advise him to go on national TV 1st week of his Presidency and announce to the US people how they been lied to by decades of Federal statical manipulation and how his Administration will be using honest numbers.
Then list the methodology used for Federal figure, inflation rate, unemployment etc. that were used by the Reagan Administration
Most of our current problems have been brewing for the last 30 years but starting with Clinton US Administration fudged the numbers to conceal how bad the problems actually are in the USA
The market currently telling their opinion
Next report will be dismal and hopeless
Of course it is a lie, and the numbers will quietly be revised drastically downward later on.
i see this as the Trump effect...
It’s all lies.
L
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.