DC–
The Biden administration has revised down previously reported jobs data for nearly every month this year, resulting in a huge disparity from the originally advertised numbers, according to the Bureau of Labor Statistics (BLS).
The number of jobs added in August was revised down from 227,000 to 165,000, and September was revised down from 336,000 to 297,000, resulting in 101,000 fewer jobs than were previously reported, according to the BLS. The U.S. economy added 150,000 jobs in October, subject to revisions in future reports, lower than the 170,000 jobs that economists expected.
“While the huge downward revisions this year are not unprecedented, this pattern has only ever occurred right before or during a recession,” E.J. Antoni, a research fellow at the Heritage Foundation’s Grover M. Hermann Center for the Federal Budget, told the Daily Caller News Foundation. “This could partly be due to the statistical patterns that we see as the economy contracts and firms go out of business, laying off workers at a rapid pace. At the same time, new businesses that are started hire fewer workers than at other points in the business cycle. This can produce job estimates that are heavily biased to the upside.” MORE
COULD SOMEONE PLEASE TELL THE TRUTH ABOUT THE ECONOMY??
PERSONALLY, I THINK WE’RE AT THE EDGE OF A ROCKY CLIFF, AND THE PEBBLES ARE GUVING WAY ONE BY ONE, TWO BY TWO…
ALL THE WHILE BEING GASLIGHTED ABOUT HOW GREAT THINGS ARE UNDER THE WORST OCCUPIER OF THE WHITE HOUSE EVER
They also leave out the fact that the numbers for the GDP are driven government spending and are really worse than indicated.
Government accountants are magicians depending on which party is in power.
Seems Americans should fully understand, by now, our government only spews propaganda and all you have to do is look in your wallet near the end of the month. Nothing new snafu.
The left wing media would have us believe that the Biden* administration has created a historic number of new jobs after the Covid lockdowns ended.
And where in the data are all these illegals we treat better than American Citizens? Why aren’t they represented in the labor statistics?