The reality is even worse than all the downward revisions would imply.
The same regime that is spewing fake jobs, GDP and unemployment numbers is also spending Trillions $$$, financed by deficit spending, to hire many tens of thousands of government workers, just to pump up the employment numbers. Let that sink in. They are borrowing money to hire hordes of government workers because that is the only thing they can do to make the jobs and unemployment numbers look better for the election.
In addition, all of the non-government jobs over the past few years are part time, and almost all of them have gone to illegal aliens instead of native citizens. The number of full time jobs has actually fallen. Plus, many businesses are posting fake jobs that they never hire anyone to fill for some bizarre reason... probably to help the demoncraps make the job market seem better than it is. Just more lies.
All of these lies are something the Chinese Communist Party does... and they also screw it up just as badly (commies are all incompetent morons).
A bunch of economists have been saying lately that the recession started back in October, and has just been getting worse since then. Bidenomics, in a nutshell.
The "unemployment rate" is based off of people who are collecting unemployment. If someone isn't collecting it for whatever reason (they quit instead of being dismissed, their pride refuses them to let them collect unemployment, or perhaps their unemployment benefits have run out), the are no longer a statistic.
It's always fake, including the revisions.
Yeap.
Faux Snooze was reporting earlier that ~200,000+ were added and I immediately checked the bottoms of my shoes for BS.
radio news also claimed job numbers were up, but previous periods were revised down.
The reality is even worse than all the downward revisions would imply.
The same regime that is spewing fake jobs, GDP and unemployment numbers is also spending Trillions $$$, financed by deficit spending, to hire many tens of thousands of government workers, just to pump up the employment numbers. Let that sink in. They are borrowing money to hire hordes of government workers because that is the only thing they can do to make the jobs and unemployment numbers look better for the election.
In addition, all of the non-government jobs over the past few years are part time, and almost all of them have gone to illegal aliens instead of native citizens. The number of full time jobs has actually fallen. Plus, many businesses are posting fake jobs that they never hire anyone to fill for some bizarre reason... probably to help the demoncraps make the job market seem better than it is. Just more lies.
All of these lies are something the Chinese Communist Party does... and they also screw it up just as badly (commies are all incompetent morons).
A bunch of economists have been saying lately that the recession started back in October, and has just been getting worse since then. Bidenomics, in a nutshell.
' Official Job Reports' Are typically revised upwards when there is a Republican President and typically revised downwards when there's a Democrat.
Under Trump they were revised significantly upward. It was a running joke on the Conservative Treehouse forums.
So they lied.
I think it’s worse than that.
The "unemployment rate" is based off of people who are collecting unemployment. If someone isn't collecting it for whatever reason (they quit instead of being dismissed, their pride refuses them to let them collect unemployment, or perhaps their unemployment benefits have run out), the are no longer a statistic.
You are right.
If you look at the collective revisions every month this year the data indicates a really bad trend.
We have been in a recession for a while.
Deep state will reveal that the US in a recession as soon as President Trump "officially" enters office.
dey terk er jerbs
They really should just say the unemployment is zero. It is just as true a statement as the BS they're releasing.
If they cut rates because of the recession watch the USD completely collapse. We're near the end of the system now.