Fed Confronts Up to a Million US Jobs Vanishing in Revision

[excalibur]

Well, anyone paying attention would have seen the jobs numbers were lies.

Now the BLS is about to set the record straight. But how will the MSM handle these facts?

​

(Bloomberg) -- US job growth in the year through March was likely far less robust than initially estimated, which risks fueling concerns that the Federal Reserve is falling further behind the curve to lower interest rates. ​

​

Goldman Sachs Group Inc. and Wells Fargo & Co. economists expect the government’s preliminary benchmark revisions on Wednesday to show payrolls growth in the year through March was at least 600,000 weaker than currently estimated — about 50,000 a month.​

​

While JPMorgan Chase & Co. forecasters see a decline of about 360,000, Goldman Sachs indicates it could be as large as a million.​

​

There are a number of caveats in the preliminary figure, but a downward revision to employment of more than 501,000 would be the largest in 15 years and suggest the labor market has been cooling for longer — and perhaps more so — than originally thought. The final numbers are due early next year.​

​

...​

MSN

www.msn.com

 

[SassyIrishLass]

Your government lied to you

 

[boevans]

No lies. Bad estimates.

Trump lost the most jobs since Hoover.

 

[The Duke]

No lies. Bad estimates.

Trump lost the most jobs since Hoover.

They lied out their asses. This is a pattern with these people.

 

[boevans]

The Duke is describing himself.

 

[sparky]

So let's see, the Gub'mit shuts out and dooms over 10 million small biz's, then pats itself on the back when those with the means crawl outta their fascist machinations to stand on their own feet (Vs AARP) to create a f*cking economy, and then have the unmitigated gall to pat themselves on the back for it

~S~

 

[White 6]

Well, anyone paying attention would have seen the jobs numbers were lies.

Now the BLS is about to set the record straight. But how will the MSM handle these facts?

​

(Bloomberg) -- US job growth in the year through March was likely far less robust than initially estimated, which risks fueling concerns that the Federal Reserve is falling further behind the curve to lower interest rates. ​

​

Goldman Sachs Group Inc. and Wells Fargo & Co. economists expect the government’s preliminary benchmark revisions on Wednesday to show payrolls growth in the year through March was at least 600,000 weaker than currently estimated — about 50,000 a month.​

​

While JPMorgan Chase & Co. forecasters see a decline of about 360,000, Goldman Sachs indicates it could be as large as a million.​

​

There are a number of caveats in the preliminary figure, but a downward revision to employment of more than 501,000 would be the largest in 15 years and suggest the labor market has been cooling for longer — and perhaps more so — than originally thought. The final numbers are due early next year.​

​

...​

MSN

www.msn.com

It will be interesting to see what the revision is on Wednesday.

 

[The Duke]

So let's see, the Gub'mit shuts out and dooms over 10 million small biz's, then pats itself on the back when those with the means crawl outta their fascist machinations to stand on their own feet (Vs AARP) to create a f*cking economy, and then have the unmitigated gall to pat themselves on the back for it

~S~

Sounds about right.

 

[Doc7505]

Your government lied to you

~~~~~~
The question is, when will this administration ever tell the truth?

 

[wamose]

It seems like government these days will say (or not say) anything they think makes them look good. They say what they want us to hear no matter what the truth is. Just look at the Trump assassination attempt investigation-coverup. Drain the swamp, and that includes the media. MAGA

 

[1srelluc]

Has there ever been a "revision" where the numbers look better?

Man, everyone is just walking around with their fingers crossed and whistling past the graveyard.

Of course the dems whistle because that is where a lot of their votes are.

 

[Independent thinker]

Well, anyone paying attention would have seen the jobs numbers were lies.

Now the BLS is about to set the record straight. But how will the MSM handle these facts?

​

(Bloomberg) -- US job growth in the year through March was likely far less robust than initially estimated, which risks fueling concerns that the Federal Reserve is falling further behind the curve to lower interest rates. ​

​

Goldman Sachs Group Inc. and Wells Fargo & Co. economists expect the government’s preliminary benchmark revisions on Wednesday to show payrolls growth in the year through March was at least 600,000 weaker than currently estimated — about 50,000 a month.​

​

While JPMorgan Chase & Co. forecasters see a decline of about 360,000, Goldman Sachs indicates it could be as large as a million.​

​

There are a number of caveats in the preliminary figure, but a downward revision to employment of more than 501,000 would be the largest in 15 years and suggest the labor market has been cooling for longer — and perhaps more so — than originally thought. The final numbers are due early next year.​

​

...​

MSN

www.msn.com

Everything's going just fine. Inflation is transitory, Biden in charge of record job growth (not), and, don't forget, orange man will take democracy away.

 

[Harpy Eagle]

It will be interesting to see what the revision is on Wednesday.

818,000 fewer jobs

This should speed up the rate cuts from the Fed

 

[scruffy]

Well, anyone paying attention would have seen the jobs numbers were lies.

Now the BLS is about to set the record straight. But how will the MSM handle these facts?

​

(Bloomberg) -- US job growth in the year through March was likely far less robust than initially estimated, which risks fueling concerns that the Federal Reserve is falling further behind the curve to lower interest rates. ​

​

Goldman Sachs Group Inc. and Wells Fargo & Co. economists expect the government’s preliminary benchmark revisions on Wednesday to show payrolls growth in the year through March was at least 600,000 weaker than currently estimated — about 50,000 a month.​

​

While JPMorgan Chase & Co. forecasters see a decline of about 360,000, Goldman Sachs indicates it could be as large as a million.​

​

There are a number of caveats in the preliminary figure, but a downward revision to employment of more than 501,000 would be the largest in 15 years and suggest the labor market has been cooling for longer — and perhaps more so — than originally thought. The final numbers are due early next year.​

​

...​

MSN

www.msn.com

Wasn't no revision.

It was a goddamn LIE in the first place.

 

[Harpy Eagle]

818,000 fewer jobs

Beats out 2019 for the biggest downward adjustment

 

[excalibur]

Officially, 818,000 jobs vanished just like that. Biden-Harris.

US economy created 818,000 fewer jobs than previously reported

The Labor Department released payroll data that provided a look at job creation in the year through March, which is much weaker than previously believed.

www.foxbusiness.com

 

[Dr.Know]

No lies. Bad estimates.

Trump lost the most jobs since Hoover.

Under Trump, you could actually get a good job with benefits. In 50 years, I have never seen a factory here in Detroit hire off of the street until TRUMP came along.
The idiot in the whitehouse now is killing US JOBS IN ORDER TO LOWER INFLATION.

 

[jknowgood]

No lies. Bad estimates.

Trump lost the most jobs since Hoover.

Yes, shutdowns will do that, and most of the jobs Biden brags about creating. We're people going back to work after the shutdowns.

 

[Blaster]

Democrats are bad for the economy.

 

[boevans]

Under Trump, you could actually get a good job with benefits. In 50 years, I have never seen a factory here in Detroit hire off of the street until TRUMP came along.
The idiot in the whitehouse now is killing US JOBS IN ORDER TO LOWER INFLATION.

Trump lost the most jobs since Hoover.