Loading ...Inside Today’s Disastrous Jobs Report: 1 Million Surge In Part-Time Jobs As Full-Timers Crash Amid Staggering Downward Revisions
The lies out of the BLS are making Beijing blush…
In fact, as shown in the chart below, the jobs print from every single month has been revised lower! Why? So that the White House can take credit for a strong number (one which also sparks algorithmic buying in the market) only to quietly revise it lower one and two months later when nobody is looking.
There are just two problems with this number……………..
Unfortunately, it gets much worse………….
the BLS reported that in July the number of full-time jobs plunged by 585,000 to 134.274 million, the biggest monthly drop since record covid crash of 14.7 million jobs!
In short: July was a catastrophic month for the jobs market, which is why………………….
Thanks K2….I missed this …good analysis here
Personally I think it’s “great” that they are being caught in the act…The Economy will determine the outcome in 2024…should be a landslide
Assuming elections are held period — 12 months for DNC to figure out a diversion.
Actually — not just DNC but together in cahoots with RINO’s and three letter agencies……..