Well, we did warn readers that anyone hoping for a negative print in an election year would be disappointed, and moments ago the BLS proved us right.
PS: if anyone expects any econ data in the election 2024 year to be i) accurate or ii) make any sense, you will be severely disappointed https://t.co/UT1Uxbc5Nt— zerohedge (@zerohedge) January 29, 2024
With Wall Street expecting continued declines in the pace of monthly jobs growth, and consensus looking for a decline from last month’s 219K print to 185K, the BLS decided to once again obliterate late-cycle logic and common sense, and damn your mass tech layoff torpedoes…
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If anyone believes the BLS numbers when we read about massive layoffs every day, I have some T-Bills to sell you.
David DeGerolamo
And in about a week or so the FIRST downward “Correction ” will be made on page 9 of the “News ” and in the second or third week a “Correction ” downward will be made in Barron’s and such.
Propaganda is the name of the Media game. They GET PAID for it.
Or as that Meme said about new job creation “Yeah, I got 3 of them “
Is the Bureau of Labor Statistics Cooking the Books for Joe Biden to Help His Campaign… Like They Did with Obama? | The Gateway Pundit | by Jim Hoft You bet they are cooking the books.
Take the “L” out of BLS and what do you get?
Just in from Zerohedge
Inside The Most Ridiculous Jobs Report In Recent History | ZeroHedge
SNIP: Which would be great, if only it wasn’t almost entirely due to the BLS’s latest choice of seasonal adjustments, which have gone from merely laughable to full clownshow, as the following comparison between the revised BLS Payrolls number and the ADP payrolls show: the trend is clear: the Biden admin numbers are now clearly rising even as the impartial ADP (which directly logs employment numbers at the company level and is actually far more accurate), shows an accelerating slowdown.
“We know that they are lying, they know that they are lying, they even know that we know they are lying, we also know that they know we know they are lying too, they of course know that we certainly know they know we know they are lying too as well, but they are still lying. In our country, the lie has become not just moral category, but the pillar industry of this country.”
― Aleksandr Solzhenitsyn
How did you go broke? Slowly at first then quickly.
Waterfall near.
In the meantime, various YouTube sites and ZH are discussing trouble with regional banks due to the commercial real estate bubble.
We all know that the abbreviation BLS really stands for Bogus Labor Statistics.
In fact, I have now come to believe that the entire federal government is just one vast psychological operation designed to control and make fools of all of the people, all of the time. How else can one account for its ongoing, perpetual and shameful malfeasance, misfeasance, and malevolence against the American people?
And before someone accuses me of being a paranoid, consider this thought for a moment or two: “even paranoiacs have real enemies.” And the federal government proves my point every single day.