No. of Recommendations: 2
This has been going on for a while, but this latest dump is a large change. The Biden administration has been quietly job numbers downward in the months following a Big Huge Release of news:
foxbusiness.com - Initial US employment reports overstated jobsThe government quietly erased 439,000 jobs through November 2023, a closer look at the numbers from the Bureau of Labor Statistics shows.
That means its initial jobs results were inflated by 439,000 positions, and the job market is not as healthy as the government suggests. The "job creation" numbers cited by some include a lot of people returning to work from COVID when blue state governors issued long lasting and restrictive lockdowns. So no, that doesn't count.
What else is in the numbers?
Again, the government sector in December ranked high in job creation. It created 52,000 jobs in the final month of 2023. As FOX Business's Edward Lawrence points out, that brings the three-month average of jobs created by the government sector to 50,000 per month.If your idea of creating jobs is hiring more government people...then you're not very good at creating jobs.
This whole scheme isn't new:
In August 2023, the BLS issued a preliminary revision for the 12 months through March 2023 showing U.S. job growth for that period was overstated by a net 306,000 jobs. That’s 25,500 fewer jobs on average per month in that period.
Private sector job creation also was adjusted lower by 358,000 in that period, while government payrolls were revised by an increase of 52,000.Add BLS to the list of government agencies the democrats have corrupted beyond usefulness.
