Death, taxes and the Biden admin reporting a stellar jobs beat… then revising it sharply lower one month later.
That was certainly the case moments ago when the BLS reported that in February a whopping 275K jobs were added, smashing both the median estimate of 200K and the whisper number of 215L. In fact, just one Wall Street forecaster – Seiji Katsurahata at Dai-Ichi – had a higher forecast at 286K.
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And while February was a strong print, it’s just a placeholder until next month’s downward revision: that’s because January’s blowout 353K print was revised sharply lower to just 229K, down by a whopping 35%.
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Those jobs are service industry and part time. The Feds say that all newly created jobs were staffed by immigrant labor not native born Americans. They want us dead.
The data are all lies. Downward revisions a few months later when everyone is onto the newest release. They have been pulling this for a good lone while now. Just like they are counting multiple part-times jobs by the same worker as net jobs, jobs to invaders vs heritage populations, and ignoring the balance of labour force participation.
A lot like elections, apparently. Nobody remembers 2020 because this coming release of elections is the most important ever.
The BLS is absolute proof that figures don’t lie, but liars sure can figure.