Biden/Harris Job Numbers Grossly Exaggerated, Down a MILLION In Latest Revision

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The Biden/Harris regime has been lying. Bigly.

And its not the first time: Job Gains This Year OVERSTATED by 1.1 Million, It Was Only 10K

And no media will cover the current recession.

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https://twiter.com/WallStreetSilv/status/1825948073081843996

Related:

Big Three Networks CENSOR Upward Revision in May Jobs Numbers: 5.825M Higher Than Estimate

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Fed confronts up to a million US jobs vanishing in revision

By: Augusta Saraiva, Yahoo Finnace, Aug 20, 2024:

(Bloomberg) — US job growth in the year through March was likely far less robust than initially estimated, which risks fueling concerns that the Federal Reserve is falling further behind the curve to lower interest rates.

Goldman Sachs Group Inc. and Wells Fargo & Co. economists expect the government’s preliminary benchmark revisions on Wednesday to show payrolls growth in the year through March was at least 600,000 weaker than currently estimated — about 50,000 a month.

While JPMorgan Chase & Co. forecasters see a decline of about 360,000, Goldman Sachs indicates it could be as large as a million.

There are a number of caveats in the preliminary figure, but a downward revision to employment of more than 501,000 would be the largest in 15 years and suggest the labor market has been cooling for longer — and perhaps more so — than originally thought. The final numbers are due early next year.

Such figures also have the potential of shaping the tone of Fed Chair Jerome Powell’s speech at week’s end in Jackson Hole, Wyoming. Investors are trying to gain insight as to when and how much the central bank will start lowering interest rates as inflation and the job market cool.

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