US Jobs Revised Down By 818,000 In Election Year Shocker, Second Worst Revision In US History

Back in March, when most of Wall Street and economists still believed the lies spewed forth by the Biden Bureau of Labor Statistics, which intentionally uses inaccurate, rushed “data” from the Establishment survey which is meant to pad sentiment and make the economy appears far stronger than it is (as one can see by the constant monthly downward revisions), we did an in-depth analysis looking at the actual, “uncooked” numbers published by the Philadelphia Fed preview of the annual Quarterly Census of Employment and Wages employment revision, and warned our readers that actual US payrolls are overstated by at least 800,000.

Philadelphia Fed Admits US Payrolls Overstated By At Least 800,000 https://t.co/JZZxweddh9— zerohedge (@zerohedge) March 28, 2024

Specifically, we concluded that “the BLS had overstated payrolls by 800,000 through Dec 2023 (and more if one were to extend the data series into 2024)” and added that “it’s truly statistically remarkable how every time the data error is in favor of a stronger, if fake, economy.”

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Phil1350
Phil1350
2 months ago

It’s always been a lie since the pedophile took office, and the Department of Labor has been lying for the pedophile since he stole the office of the presidency.

tom Finley
tom Finley
2 months ago
Reply to  Phil1350

Well yes Phil1350, who is the father of lies.

Al Buckner
Al Buckner
2 months ago

Why is anyone surprised by this, I’ve said before if they say one thing positive, believe the worse.
Guess vp Harris will blame this on Joe and she will fix this Day One!

Pastor Guest
Pastor Guest
2 months ago

At this point, anyone who believes anything they say deserves what they get.

Joe Blow
Joe Blow
2 months ago

Commies gonna commie

Bear Claw
Bear Claw
2 months ago

So in reality it should have been over a million jobs. They lied in the first go round so you gonna believe the second go round.

Patriot_One
Patriot_One
2 months ago

You can’t believe anything out of this administration. Its probably much worse. There is another statistic going around that 1.2 million native-born Americans lost their jobs while 1.3 million illegal aliens were hired. However if you believe the alt media statistic that 20 million illegal aliens were shown the red carpet at the borders since Harris became border Czar, the number is probably 13 million illegals were hired. And if the alt media economists are correct we will see a total collapse of the economy this winter, worse that 1929. Its like that line from Game of Thrones, “Winter is coming”. Get the popcorn ready. BTW did you know popcorn actually lasts a very long time in the pantry and its super easy to grow.