Official US jobs narrative continues with more deliberate lies

[luiza]

Below is the guts of an article published today showing how Yellen cherry picks economic data to paste over huge cracks in the health of the US economy . ( Is Wanker related to her ?)​

Fudged and manipulated data is the norm in this corrupt and disastrous regime. Below are a few examples which together give major cause for concern -- not just about the economy as a whole , but also the suitability and desirability of having cheats in charge of the official narratives

​

Yellen's Bald-Faced Lies Exposed​

SATURDAY, JAN 13, 2024 - 04:40 PM
Authored by MN Gordon via EconomicPrism.com,
Did you see the recent government propaganda from the U.S. Bureau of Labor Statistics?
Not the latest faulty claim that consumer prices increased at an annual rate of just 3.4 percent in December. But rather the claim that 216,000 jobs were added in December.

Upon release, and right on cue, Treasury Secretary Janet Yellen declared that the U.S. economy had achieved a soft landing. She also said that her “hope is that it will continue.”

What Yellen neglected to mention was that October employment was revised down by 45,000 jobs and November was revised down by 26,000 jobs. That’s 71,000 jobs the government recently reported which didn’t exist.
How many of the 216,000 jobs reported for December will wind up being pure fantasy?
Yellen also didn’t mention that 52,000 of the reported jobs are in government, 59,000 are in health care and social assistance, and 22,000 are in food services.
These aren’t the kind of jobs that create and spread new wealth and abundance to the economy.
In addition, there are 4.2 million workers that are employed part time for economic reasons.

This represents individuals who prefer full-time employment but are working part-time because their hours have been cut or they cannot find full-time work.
There are also 8.5 million multiple job holders. These are people who work more than one job because a single job doesn’t pay the bills.
Yellen, obviously, isn’t interested in these pesky details. What she is interested in is that when the data is massaged and contrived, and then summed up, the government can report an unemployment rate of 3.7 percent

 

[Harpy Eagle]

And yet, even with those revisions 3,203,306 jobs were added and there are 2,884,000 more people working than there was at the start of 2023

 

[Harpy Eagle]

There are also 8.5 million multiple job holders.

Yet the percent of people doing that is no higher than it was in 2019 under Trump.

 

[Doc7505]

And yet, even with those revisions 3,203,306 jobs were added and there are 2,884,000 more people working than there was at the start of 2023

~~~~~~

Fact Check: Biden Misleads on Job “Creation” Statistics | The U.S. House Committee on the Budget - House Budget Committee

The Official U.S. Congressional website of The Republican Budget Committee

budget.house.gov

**********​

https://www.cnn.com/2023/01/28/politics/fact-check-biden-economic-speech-january-2023/index.html

 

[Donald H]

Americans on both sides would do much better if they just reject all the jobs bullshit.

It's rigged, period!

Or start out on the premise of 50% unemployment in real jobs that can pay an American's expectations?

10 bucks an hour flipping big macs is not a fkng job!

It's an humiliation of a capitalist system!

 

[JGalt]

And yet, even with those revisions 3,203,306 jobs were added and there are 2,884,000 more people working than there was at the start of 2023

So it took the Spud in Chief almost four years to return to the employment levels we saw in 2019.

That sure was one crappy "recovery". Trump would have done that in a year, and without having to create so many government jobs. You do know that one of the biggest chunk of jobs Biden created were government jobs, right?

 

[Doc7505]

Americans on both sides would do much better if they just reject all the jobs bullshit.

It's rigged, period!

Or start out on the premise of 50% unemployment in real jobs that can pay an American's expectations?

10 bucks an hour flipping big macs is not a fkng job!

~~~~~~~~

Yellen's Bald-Faced Lies Exposed | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

"Did you see the recent government propaganda from the U.S. Bureau of Labor Statistics?
Not the latest faulty claim that consumer prices increased at an annual rate of just 3.4 percent in December. But rather the claim that 216,000 jobs were added in December.
What Yellen neglected to mention was that October employment was revised down by 45,000 jobs and November was revised down by 26,000 jobs. That’s 71,000 jobs the government recently reported which didn’t exist.
How many of the 216,000 jobs reported for December will wind up being pure fantasy?
Yellen also didn’t mention that 52,000 of the reported jobs are in government, 59,000 are in health care and social assistance, and 22,000 are in food services."

 

[Meister]

Also, consider the Labor Force Participation Rate has declined since the pre pandemic rate then and now.
That would skew the unemployment rate that Biden is sportin'.

 

[mudwhistle]

And yet, even with those revisions 3,203,306 jobs were added and there are 2,884,000 more people working than there was at the start of 2023

No.....most of those jobs were part-time entry level jobs working for the federal government, which is a negative to the economy, which explains why unemployment remained unchanged instead of down.

 

[initforme]

We have a labor excess right now. We need a huge number of older workers to walk off the job.

 

[Papageorgio]

We have a labor excess right now. We need a huge number of older workers to walk off the job.

Be my guest, I love my job and enjoy it and I am in demand because younger people have poor work ethic.

 

[JGalt]

We have a labor excess right now. We need a huge number of older workers to walk off the job.

Sure, and let the younger workers stay on and continue to fuck everything up like they're good at doing.

 

[Harpy Eagle]

So it took the Spud in Chief almost four years to return to the employment levels we saw in 2019.

Nope, we gained back all the jobs Trump lost in 2020 by June of 2022.

Trump would have done that in a year, and without having to create so many government jobs. You do know that one of the biggest chunk of jobs Biden created were government jobs, right?

This is false. Even in this last report only 7000 jobs were Fed Govt, the rest were from state Govt. About an average of 950 per state. Not really much to freak out over

 

[JGalt]

Nope, we gained back all the jobs Trump lost in 2020 by June of 2022.

View attachment 887421




This is false. Even in this last report only 7000 jobs were Fed Govt, the rest were from state Govt. About an average of 950 per state. Not really much to freak out over

How curious you said jobs "lost by Trump" instead of jobs lost thanks to the CCP and their global murder virus.

What does Xi's Jinping's dick taste like, brah? Is it sweet like duck sauce or salty like soy sauce?

 

[initforme]

Sure, and let the younger workers stay on and continue to fuck everything up like they're good at doing.

View attachment 887407

Do you report to your job thinking you are working for the good of the nation or saving the economy? Here's a little secret. You are easily replaced and nobody cares including your boss. Workforces will Lways be more than fine because there's a surplus of people that are willing to work..

 

[JGalt]

Do you report to your job thinking you are working for the good of the nation or saving the economy? Here's a little secret. You are easily replaced and nobody cares including your boss. Workforces will Lways be more than fine because there's a surplus of people that are willing to work..

What's a "job"? I'm retired.

 

[Harpy Eagle]

How curious you said jobs "lost by Trump" instead of jobs lost thanks to the CCP and their global murder virus.

It was Trump mishandling of COVID that made it much worse here

 

[Papageorgio]

It was Trump mishandling of COVID that made it much worse here

So you are saying had Biden been President no jobs would have been lost? No businesses would have shutdown?

 

[JGalt]

It was Trump mishandling of COVID that made it much worse here

Your state had a far lower death rate than many other states, even red ones. Personally, I went through the entire pandemic without having to rely on my government to tell me how I should live.

 

[Harpy Eagle]

So you are saying had Biden been President no jobs would have been lost? No businesses would have shutdown?

Nope, did not say that at all, I doubt he would have done any better besides maybe not hiding the truth from the American people for so long