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Reality:
This is how Goldman showed the seasonal “hurdle” (i.e., fudge factor) going into the January print…
… and the the final adjustment factor: +517K seasonally adjusted number vs -2.505 million unadjusted, which brings us to a record 3+ million seasonal adjustment factor.
And that, dear readers, is how you convert a 2.5 million plunge in jobs into a 517K, market blow-out 9-sigma payrolls beat, which moments ago allowed Biden to brag on TV just how strong his economy truly is.
The flood of lies continues.
So those 150,000 jobs lost in tech alone, I guess is creating more jobs now.
Matt Bracken, When The Music Stops – How America’s Cities May Explode In Violence -- James H. Fetzer
FJB,
he is a pathological liar. Everything he speaks is a lie. He deserves a ceausescu execution. He is a traitor.
if you don’t automatically disbelieve anything the government is saying, you are being deceived.