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 $$$, financed by deficit spending, to hire many tens of thousands of government workers, just to pump up the employment numbers. Let that sink in. They are borrowing money to hire hordes of government workers because that is the only thing they can do to make the jobs and unemployment numbers look better for the election.
In addition, all of the non-government jobs over the past few years are part time, and almost all of them have gone to illegal aliens instead of native citizens. The number of full time jobs has actually fallen. Plus, many businesses are posting fake jobs that they never hire anyone to fill for some bizarre reason... probably to help the demoncraps make the job market seem better than it is. Just more lies.
All of these lies are something the Chinese Communist Party does... and they also screw it up just as badly (commies are all incompetent morons).
A bunch of economists have been saying lately that the recession started back in October, and has just been getting worse since then. Bidenomics, in a nutshell.
The reality is even worse than all the downward revisions would imply.
The same regime that is spewing fake jobs, GDP and unemployment numbers is also spending Trillions $$$, 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.