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How Did 250,000 Jobs Suddenly Vanish This Year?

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Posted By: RockyTCB, 7/6/2024 9:27:25 AM

Did the economy create 206,000 jobs last month? That’s what the Bureau of Labor Statistics reported on Friday. But don’t believe it. Under President Joe Biden, the BLS has been consistently inflating monthly job growth numbers. It makes great public relations, because the press reports only on the initial estimate, and rarely follows up on the subsequent downgrades. But it does help explain why nobody believes Biden’s – and the mainstream media’s – propaganda about how great the labor market is doing. Last month, for example, BLS said that the economy created 272,000 jobs, which the media branded as “whopping,”

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Reply 1 - Posted by: mifla 7/6/2024 10:07:59 AM (No. 1750855)
The most misleading government metrics are job metrics.
11 people like this.

Reply 2 - Posted by: nwcudagal 7/6/2024 10:16:12 AM (No. 1750862)
Surprised? Liars lie.
11 people like this.

Reply 3 - Posted by: Rubinski 7/6/2024 10:48:13 AM (No. 1750892)
Summary: They have been inflating the numbers for the past year by 40-50%. In addition, many of the jobs represent part-time work, and count people who have multiple jobs to stay afloat. Finally, a large portion of the jobs have gone to illegal aliens, not US citizens.
14 people like this.

Reply 4 - Posted by: Mass Minority 7/6/2024 11:04:34 AM (No. 1750908)
This is a very consistent pattern over the last 20 years. When a Republican holds office job number are reported low and adjusted up. In Democrat administrations job numbers are reported high and adjusted down. Obviously it's all just coincidence. In the long term half the reports are adjusted up and half are adjusted down. Nothing to see here, just move along.
10 people like this.

Reply 5 - Posted by: mc squared 7/6/2024 11:15:06 AM (No. 1750918)
Same computer models as those for climate change.
10 people like this.

Reply 6 - Posted by: bighambone 7/6/2024 11:38:53 AM (No. 1750933)
Because the job figures put out by Biden’s bureaucrats in their monthly job reports have been bogus from the get-go and are just a part of the Biden’s crew’s efforts to BS the US Population.
4 people like this.

Reply 7 - Posted by: MickTurn 7/6/2024 11:45:07 AM (No. 1750944)
Everything Briben's administration says is a massive SCAM SHELL GAME!
5 people like this.

Reply 8 - Posted by: anniebc 7/6/2024 3:22:17 PM (No. 1751092)
Pencil eraser is the answer. Just like they were penciled in. Just like all those votes that came in after election day. You know, when team sleepy stole the election and nothing could be done to shut it down.
3 people like this.

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