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The latest jobs report for November presents a seemingly positive picture of the U.S. economy, with 199,000 jobs added and a dip in the unemployment rate to 3.7%. However, a closer examination reveals reasons for suspicion. Economists’ expectations were surpassed, but the accuracy of the reported figures is now under scrutiny. Despite mainstream media acclaim, 20% of jobs added in 2023 have been revised away, raising questions about the reliability of the initial data.

Hey Bartender! The leading employment gain under Bidenomics was … low paying leisure and hospitality jobs at 96k jobs added. The US added a whopping 336K jobs, the highest monthly increase since January. This is surprising given that the ADP report was so weak. And the BLS decided to UPWARD revised past numbers. The BLS revised not only August but also July higher: the change in total nonfarm payroll employment for July was revised up by 79,000, from +157,000 to +236,000, and the change for August was revised up by 40,000, from +187,000 to +227,000. With these revisions, employment in...

Welcome back to the status quo ante. After an unexpectedly poor March, the US economy returned to its previous pace of job creation, adding 211,000 jobs in April according to today’s jobs report. However, nearly as many people left the workforce last month as got jobs within it. In fact, March turned out to be worse than previously reported: The change in total nonfarm payroll employment for February was revised up from +219,000 to +232,000, and the change for March was revised down from +98,000 to +79,000. With these revisions, employment gains in February and March combined were 6,000 lower...

Ahead of the Labor Department’s March jobs report due out Friday, a private sector report shows employers added 201,000 jobs in March. The ADP National Employment Report, which is seen as a precursor to the monthly payroll report Friday, said half of the jobs were added at small businesses. Analysts had forecast the ADP report, which sent stocks higher Wednesday, would show roughly 210,000 jobs created overall. Investors were encouraged by a strong gain in small business hiring, said Ryan Detrick, a strategist at Schaeffer’s Investment Research. While not a huge surprise, the report “helped the realization that things are...

Dow Losing More Than 200 Points as Jobs Report Disappoints Melinda Peer 06/04/10 - 11:43 AM EDT NEW YORK (TheStreet) -- The Dow was losing more than 200 points and the major U.S. indices were each down by more than 2% after the government reported May job growth that was weaker than expected. Although the unemployment rate declined to a lower-than-expected 9.7%, temporary Census hiring accounted for the bulk of job growth in May, according to the Labor Department. The Dow Jones Industrial Average was losing 228 points, or 2%, to 10,027. The S&P 500 was shedding 23 points, or...

The blowout new-jobs number of 308,000 for March puts the lie to political charges by the Kerry Democrats that the U.S. is in a jobless recovery. This is the largest gain in monthly non-farm payrolls in four years. More, for the first quarter of this year, 513,000 new jobs were created, with the Labor Department acknowledging significant upward revisions for the prior two months. At this pace, roughly 2 million new jobs could appear in 2004, a number that is certainly within shouting distance of the 2.6 million new jobs originally predicted by chief Bush economist Greg Mankiw. The administration...

<p>WASHINGTON — With a jobless report showing February's unemployment figure remained static at 5.6 percent, presumptive Democratic presidential nominee John Kerry had a lot to work with as he criticized President Bush for not generating the numbers he projected in a January economic report.</p>