Each day we overwhelm your brains with the content you've come to love from the Louder with Crowder Dot Com website.
But Facebook is...you know, Facebook. Their algorithm hides our ranting and raving as best it can. The best way to stick it to Zuckerface?
Sign up for the LWC News Blast! Get your favorite right-wing commentary delivered directly to your inbox!
January 09, 2024
Biden Employment Reports Exaggerated, US Overstated Hundreds Of Thousands Of Jobs In 2023
For the most part, Democrat officials don't do much of creating when it comes to the economy. That is one of their many shortcomings. It is painfully obvious and they know that. Not very many people would shoot themselves in the foot by voting for someone responsible for massive inflation and the cost of living greatly increasing day after day. That is why this Administration has to come up with ways for you to deceive your eyes to get you to lie to yourself about the reality of Bidenomics.
The government grossly overstated its 2023 job reports by 439,000 jobs.
In other news, Bidenomics is doing exactly what it is meant to do.
"The 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.
Since the government wiped out 439,000 jobs after the fact, the total percentage of jobs created by the government last year is even higher. Increased government hiring has been driving the jobs numbers higher.
This matters because U.S. jobs reports move the markets and U.S. Treasury yields. Plus, they are a significant factor in the Federal Reserve’s decisions about the path of interest rate hikes and cuts. All that affects U.S. consumers’ pocketbooks.
'Time to stop trading off the payroll data,' tweeted David Rosenberg, founder of Rosenberg Research Associates. By his calculations, he says the downward revisions came to 'an epic 443,000,' adding, 'more than 40% of payroll growth in 2023' came from 'the fairy tale ‘Birth-Death’ model'' the BLS uses to 'guesstimate' its jobs reports.
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. Lawrence says Acting Labor Secretary Julie Su "would not answer if this is sustainable when I pressed her.'"
I am not the least bit surprised by any of that information. Was anyone even buying the claim that Sleepy Joe's economy would do anything but make the government larger and the bureaucracy stronger?
This is not even the first time officials have grossly overreported job numbers. Quite frankly, it won't be the last.
"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."
"The president, too, has been accused of taking too much credit for the job numbers. He claimed he created 13 million to 14 million jobs. But economists and market analysts have pointed out those were jobs the U.S. economy clawed back after pandemic shutdowns erased 22 million jobs.
In reality, the economy under President Biden 'added back' all the jobs lost in the pandemic and has 'created' 4.86 million jobs since February 2020. That’s a ho-hum result."
But the media campaign has already done its job. MSNBC and the like have already thrown out these bogus numbers to convince the Stockholm syndrome masses that no matter how painful it is at the pump, no matter how much of your savings you blow through just to make ends meet, Bidenomics is doing what it needs to do.
But even those who get their information from CNN and the corporate media were not easily convinced. That is why a bogus job report was not enough. PR moves were underway pretty much since Sleppy Joe was sworn in, maybe even before that.
Most people reading this already knew those job numbers were a load of crap. There is not much anyone can say to gaslight the population with at least a fraction of a brain when it comes to claiming the economy is thriving.
Progressives don't do much of anything unless it makes the government stronger and you worse off. It is almost as if it is by design.
FACT-CHECK: Debunking The Claim That Bidenomics Is Working!www.youtube.com