Biden Gloats After Disastrous September Jobs Report: 885,000 Full-Time Jobs Lost, 1 Million+ Part-Time Jobs Added, Record Multiple Jobholders

[excalibur]

Well, look inside the numbers for facts.

A real deep dive into the numbers reveals a different story. The jobs added are mostly seasonal (teachers) and part-time work.

“Take Leisure & Hospitality. Official adjusted data shows this add +96k jobs. But unadjusted data shows sector shed 466k jobs in Sep. Unadjusted private sector payrolls was -399k,” Vanda Research FX trader Viraj Patel said.

...



Zero Hedge reported:

After last month’s stunning payrolls report, when in our post-mortem we revealed not only a year full of monthly downward data revisions, but also collapse in tull-time jobs and surge in part-time jobs, as well asalso the worst unadjusted August payrolls since the great recession, we thought that nothing could shock us any more. And then we got the September jobs report.
We won’t spend too much time dissecting the report since regular readers are all too aware of the same old “upward goalseeking” tactics used by the BLS, so here are the highlights.

First, the 336K jump in headline payrolls – the biggest since January – was stunning when considering that it was not only above the highest Wall Street estimate but was a 6-sigma beat to expectations.

How is it possible to get such an outlier print to not only trends but expectations? Let’s try to answer that question.

If, as the BLS claims, in September the jobs market suddenly reversed a year of declines, surely there will be some qualitative validations to this quantitative outlier, right? Unfortunately, looking through the supporting evidence we don’t find any justification to the BLS exuberance.

Let’s start with the Household survey: here instead of a number anywhere close to the 336K jobs gained (as the far less accurate Establishment survey reports), the number of newly employed workers was just 86K, the lowest since May, and the second lowest of 2023!

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Biden Gloats After Disastrous September Jobs Report: 885,000 Full-Time Jobs Lost, 1 Million+ Part-Time Jobs Added, Record Multiple Jobholders (VIDEO) | The Gateway Pundit | by Cristina Laila

Joe Biden on Friday delivered remarks on the disastrous September jobs report.

www.thegatewaypundit.com

 

[SassyIrishLass]

Only a goddam fool thinks they're better off under Bidenomics

 

[candycorn]

That would be bad news...if it had really happened.

 

[Rambunctious]

I sometimes wonder if Biden knows how bad of a job he is doing...

 

[John Edgar Slow Horses]

500,000 adjusted full time jobs for Aug and Sep
3.8 UE
62.4 NLPR
10% lower than expected first time jobless claims
more than 8 million full time jobs not filled

 

[Leo123]

I sometimes wonder if Biden knows how bad of a job he is doing...

He doesn’t even know where he is.

 

[MarathonMike]

I sometimes wonder if Biden knows how bad of a job he is doing...

If they haven't given him his stimulants, Biden's mind operates at a very basic level.

 

[Winco]

Only a goddam fool thinks they're better off under Bidenomics

Those 3 Million Lost jobs.......Yeah, that was better.

 

[SassyIrishLass]

Those 3 Million Lost jobs.......Yeah, that was better.

Now you're going to sit there and claim you're better off under Bidenomics....and I'm going to laugh at you

 

[rightwinger]

339,000 jobs in September
14 million new jobs under our President

 

[Winco]

Now you're going to sit there and claim you're better off under Bidenomics....and I'm going to laugh at you

Well, here are the FACTS. My FACTS.
I wasn't living Paycheck to Paycheck in ANY of the following Years:

2008
2009
2010
2011
2012
2103
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023

I'm sorry if you were able to function under trump, but can no longer function under biden.......Poor Investments, Poor Job, Poor Decisions......whatever.

You should be better prepared........Loser.

 

[SassyIrishLass]

Well, here are the FACTS. My FACTS.
I wasn't living Paycheck to Paycheck in ANY of the following Years:

2008
2009
2010
2011
2012
2103
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023

I'm sorry if you were able to function under trump, but can no longer function under biden.......Poor Investments, Poor Job, Poor Decisions......whatever.

You should be better prepared........Loser.

I'm laughing at you

 

[Winco]

I'm laughing at you

1). Would that be because I'm living beyond paycheck to paycheck?
2). Would that be because you earn a minimal salary/retirement and struggle?
3). Would that be because you can't fathom the success I have achieved?
4). Would that be because your CULT has you hamstrung, and you can't escape?

 

[rightwinger]

161 million Americans in the workforce under Biden

The most in history

 

[Magnus]

Well, look inside the numbers for facts.

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A real deep dive into the numbers reveals a different story. The jobs added are mostly seasonal (teachers) and part-time work.​

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“Take Leisure & Hospitality. Official adjusted data shows this add +96k jobs. But unadjusted data shows sector shed 466k jobs in Sep. Unadjusted private sector payrolls was -399k,” Vanda Research FX trader Viraj Patel said.​

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Zero Hedge reported:​

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Biden Gloats After Disastrous September Jobs Report: 885,000 Full-Time Jobs Lost, 1 Million+ Part-Time Jobs Added, Record Multiple Jobholders (VIDEO) | The Gateway Pundit | by Cristina Laila

Joe Biden on Friday delivered remarks on the disastrous September jobs report.

www.thegatewaypundit.com

 

[rightwinger]

1). Would that be because I'm living beyond paycheck to paycheck?
2). Would that be because you earn a minimal salary/retirement and struggle?
3). Would that be because you can't fathom the success I have achieved?
4). Would that be because your CULT has you hamstrung, and you can't escape?

Don’t kid yourself
Sassy has never had a real job

(who would hire her?)

 

[Winco]

I'm laughing at you

What are you laughing at?

1). My Paycheck
2). Your Paycheck

Such humor.
You caused your demise, not me.
I'm doing fine, and I volunteer to help the needy........You probably don't.

 

[Winco]

What part is Fake News, you dweeb?

 

[toobfreak]

I sometimes wonder if Biden knows how bad of a job he is doing...

I'm pretty sure that Biden don't know what day of the week it is unless someone tells him, then he just believes whatever his handlers tell him to think. At least for 5 minutes or so then he forgets that too.

 

[struth]

That would be bad news...if it had really happened.

Haha yes it really didn’t happen in dembot fantasy world