Thursday, June 13, 2024

You're being lied to by the government constantly:Powell Admits The Biden Admin Is "Overstating" Jobs

Powell Admits The Biden Admin Is "Overstating" Jobs

Tyler Durden's Photo
THURSDAY, JUN 13, 2024 - 04:44 AM

Every first Friday of this year (herehere and here) we have spent hours deconstructing the glaring propaganda peddled by Biden's Labor Department, meant to show just one thing - how "strong" the economy is under the current administration - and exposing just how ugly the underlying labor data truly is. Last Friday's nonfarm payrolls was the most recent case in point: for those who didn't read our extended analysis titled "Inside The Most Ridiculous Jobs Report In Years", which dissected the laughable claim that the US added 272K payrolls (more than the highest estimate), here is what we found.

While the Establishment Survey did indeed report that 272K "jobs" were added, this number also included multiple job holders; stripping those out, we get that the actual number of "employed" workers plunged by 408K...

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