Labor Department Admits Hundreds of Thousands of Biden Jobs Were Fake

[John Edgar Slow Horses]

This is a lie.

Close the thread and ban the poster for liability.

 

[Independent thinker]

I have posted about this previously because several people/organizations noted the numbers were phony.

Now, we have the Labor Department confirming that they were correct.

​

The Biden administration claimed to have added almost 400,000 jobs from July through September of last year, but new data released this week suggest none of those jobs ever existed. Despite constantly gaslighting by the mainstream media, Americans knew the economy was in poor shape and these latest numbers prove it.​

​

Month after month, the government bean-counters under former-president Biden published overly optimistic estimates for everything from job growth to the size of the economy, only to have those numbers routinely—and quietly—revised down later.​

​

Every month, the Bureau of Labor Statistics (BLS) produces estimates for the number of nonfarm payrolls in the country, as well as revisions for the last two months’ estimates. Under Biden, these revisions were abnormal in magnitude and direction, being revised down with unusual frequency.​

​

While these monthly job reports are compiled from a survey of over 600,000 businesses, of which fewer than 200,000 are surveyed each month. But the BLS also publishes much more comprehensive quarterly data called Business Employment Dynamics (BED) that come from a census of over 12 million businesses—that’s over 17 times the sample size of the monthly job reports’ survey.​

​

This more accurate dataset was just released by the BLS for the third quarter of last year, which ran from the start of July through the end of September. In stark contrast to the monthly job reports showing an increase of 399,000 jobs during the third quarter, these new numbers show a decline of 1,000 private-sector jobs.​

​

To be clear, the monthly job reports and the BED data do not measure exactly the same thing, and the BLS also publishes another dataset called the quarterly census of employment and wages. Each of these reports excludes certain categories of jobs or industries like railroads, government, self-employment, agriculture, etc.​

​

...​

​

And the downward revisions to Biden-era jobs data are set to continue. From March through June of last year, the economy supposedly added 398,000 nonfarm payrolls, according to the monthly job reports, yet the BED data show a net loss of 163,000 private-sector jobs for that period.​

​

Instead of adding almost 800,000 jobs during the middle of last year, the economy likely shed more than 160,000 of them. The next annual benchmark will probably be a (retroactive) reduction of jobs under Biden that exceeds this year’s large downward revision.​

​

...​

Labor Department Admits Hundreds of Thousands of Biden Jobs Were Fake

The Biden administration claimed to have added almost 400,000 jobs from July through September of la

townhall.com

​

The Biden administration lied? No, tell me it isn't so!

 

[Edgetho]

You could learn a lot about how dimocrap scum operate by reading this thread

 

[Cassandro]

This is a lie.

Thanks for your admission.

 

[wamose]

I wonder who got the money for those fake jobs Biden created. If they were government jobs, we'll probably see Joe buying something real big, real soon with his vig.

 

[struth]

This is a lie.

Close the thread and ban the poster for liability.

Well the OP is wrong, the Xiden admin lied about FAR more jobs they claimed they created

U.S. economy added 818,000 fewer jobs than first reported, sign job market has been slowing

The Labor Department estimated that job growth averaged 174,000 a month in the year that ended in March — a drop of 68,000 a month from the 242,000 that were initially reported. The revisions released Wednesday were preliminary, with final numbers to be issued in February next year.

www.pbs.org

The biggest fraud in American history was the Xiden admin

 

[citygator]

I have posted about this previously because several people/organizations noted the numbers were phony.

Now, we have the Labor Department confirming that they were correct.

​

The Biden administration claimed to have added almost 400,000 jobs from July through September of last year, but new data released this week suggest none of those jobs ever existed. Despite constantly gaslighting by the mainstream media, Americans knew the economy was in poor shape and these latest numbers prove it.​

​

Month after month, the government bean-counters under former-president Biden published overly optimistic estimates for everything from job growth to the size of the economy, only to have those numbers routinely—and quietly—revised down later.​

​

Every month, the Bureau of Labor Statistics (BLS) produces estimates for the number of nonfarm payrolls in the country, as well as revisions for the last two months’ estimates. Under Biden, these revisions were abnormal in magnitude and direction, being revised down with unusual frequency.​

​

While these monthly job reports are compiled from a survey of over 600,000 businesses, of which fewer than 200,000 are surveyed each month. But the BLS also publishes much more comprehensive quarterly data called Business Employment Dynamics (BED) that come from a census of over 12 million businesses—that’s over 17 times the sample size of the monthly job reports’ survey.​

​

This more accurate dataset was just released by the BLS for the third quarter of last year, which ran from the start of July through the end of September. In stark contrast to the monthly job reports showing an increase of 399,000 jobs during the third quarter, these new numbers show a decline of 1,000 private-sector jobs.​

​

To be clear, the monthly job reports and the BED data do not measure exactly the same thing, and the BLS also publishes another dataset called the quarterly census of employment and wages. Each of these reports excludes certain categories of jobs or industries like railroads, government, self-employment, agriculture, etc.​

​

...​

​

And the downward revisions to Biden-era jobs data are set to continue. From March through June of last year, the economy supposedly added 398,000 nonfarm payrolls, according to the monthly job reports, yet the BED data show a net loss of 163,000 private-sector jobs for that period.​

​

Instead of adding almost 800,000 jobs during the middle of last year, the economy likely shed more than 160,000 of them. The next annual benchmark will probably be a (retroactive) reduction of jobs under Biden that exceeds this year’s large downward revision.​

​

...​

Labor Department Admits Hundreds of Thousands of Biden Jobs Were Fake

The Biden administration claimed to have added almost 400,000 jobs from July through September of la

townhall.com

​

Hello?

Trump just revised his 439,000th job down today.

https://thehill.com/business/5431805-us-job-growth-revised-downward/

 

[John Edgar Slow Horses]

Wiped out May and June increases.

The economy is beginning to slow.

Workers are not being replaced.

 

[Kilroy2]

I have posted about this previously because several people/organizations noted the numbers were phony.

Now, we have the Labor Department confirming that they were correct.

​

The Biden administration claimed to have added almost 400,000 jobs from July through September of last year, but new data released this week suggest none of those jobs ever existed. Despite constantly gaslighting by the mainstream media, Americans knew the economy was in poor shape and these latest numbers prove it.​

​

Month after month, the government bean-counters under former-president Biden published overly optimistic estimates for everything from job growth to the size of the economy, only to have those numbers routinely—and quietly—revised down later.​

​

Every month, the Bureau of Labor Statistics (BLS) produces estimates for the number of nonfarm payrolls in the country, as well as revisions for the last two months’ estimates. Under Biden, these revisions were abnormal in magnitude and direction, being revised down with unusual frequency.​

​

While these monthly job reports are compiled from a survey of over 600,000 businesses, of which fewer than 200,000 are surveyed each month. But the BLS also publishes much more comprehensive quarterly data called Business Employment Dynamics (BED) that come from a census of over 12 million businesses—that’s over 17 times the sample size of the monthly job reports’ survey.​

​

This more accurate dataset was just released by the BLS for the third quarter of last year, which ran from the start of July through the end of September. In stark contrast to the monthly job reports showing an increase of 399,000 jobs during the third quarter, these new numbers show a decline of 1,000 private-sector jobs.​

​

To be clear, the monthly job reports and the BED data do not measure exactly the same thing, and the BLS also publishes another dataset called the quarterly census of employment and wages. Each of these reports excludes certain categories of jobs or industries like railroads, government, self-employment, agriculture, etc.​

​

...​

​

And the downward revisions to Biden-era jobs data are set to continue. From March through June of last year, the economy supposedly added 398,000 nonfarm payrolls, according to the monthly job reports, yet the BED data show a net loss of 163,000 private-sector jobs for that period.​

​

Instead of adding almost 800,000 jobs during the middle of last year, the economy likely shed more than 160,000 of them. The next annual benchmark will probably be a (retroactive) reduction of jobs under Biden that exceeds this year’s large downward revision.​

​

...​

Labor Department Admits Hundreds of Thousands of Biden Jobs Were Fake

The Biden administration claimed to have added almost 400,000 jobs from July through September of la

townhall.com

​

Townhall - Bias and Credibility

QUESTIONABLE SOURCE A questionable source exhibits one or more of the following: extreme bias, consistent promotion of propaganda/conspiracies, poor or no

mediabiasfactcheck.com

Detailed Report​

Questionable Reasoning: Conspiracy, Propaganda, Numerous Failed Fact Checks
Bias Rating: RIGHT (7.0)
Factual Reporting: MIXED (6.4)
Country: USA
MBFC’s Country Freedom Rank: MOSTLY FREE
Media Type: Website
Traffic/Popularity: High Traffic
MBFC Credibility Rating: LOW CREDIBILITY

 

[excalibur]

Townhall - Bias and Credibility

QUESTIONABLE SOURCE A questionable source exhibits one or more of the following: extreme bias, consistent promotion of propaganda/conspiracies, poor or no

mediabiasfactcheck.com

Detailed Report​

Questionable Reasoning: Conspiracy, Propaganda, Numerous Failed Fact Checks
Bias Rating: RIGHT (7.0)
Factual Reporting: MIXED (6.4)
Country: USA
MBFC’s Country Freedom Rank: MOSTLY FREE
Media Type: Website
Traffic/Popularity: High Traffic
MBFC Credibility Rating: LOW CREDIBILITY

LOL

You leftoids still playing that shill game of leftoid media groups calling conservative sites biased. 'Muh, Russia'.

Bye.

 

[Kilroy2]

Biden's Labor Market: Here’s What His Final Numbers Say About His Presidency

Biden will depart office with the lowest end-of-term unemployment since Bill Clinton, but high inflation and the COVID-19 recovery complicated any evaluation of Biden’s labor market.

www.forbes.com

Biden's Numbers, July 2024 Update - FactCheck.org

As Biden enters the final months of his presidency, we look at various statistical measures of what's happened during his term.

www.factcheck.org

 

[Kilroy2]

LOL

You leftoids still playing that shill game of leftoid media groups calling conservative sites biased. 'Muh, Russia'.

Bye.

Yet you use right wing sites as your proof all the time and you complain about left side reports.

Yes and denial runs deep in this one as right wing sites is all you have.

So use it as best you can

 

[John Edgar Slow Horses]

excalibur is playing stupiod again.

We are on the precipice of a recession.

I hope not because I have my own interests to consider.

But it is stupid to ignore facts.

 

[Dekster]

Job openings is a fake metric. Most of those jobs never existed and were never intended to be created. Companies were using sites like Indeed to data mine.

 

[John Edgar Slow Horses]

Townhall - Bias and Credibility

QUESTIONABLE SOURCE A questionable source exhibits one or more of the following: extreme bias, consistent promotion of propaganda/conspiracies, poor or no

mediabiasfactcheck.com

Detailed Report​

Questionable Reasoning: Conspiracy, Propaganda, Numerous Failed Fact Checks
Bias Rating: RIGHT (7.0)
Factual Reporting: MIXED (6.4)
Country: USA
MBFC’s Country Freedom Rank: MOSTLY FREE
Media Type: Website
Traffic/Popularity: High Traffic
MBFC Credibility Rating: LOW CREDIBILITY

The numbers are not 'phony'. But you are phony.

The numbers are always revised, because they are introductory and not complete.

 

[John Edgar Slow Horses]

Job openings is a fake metric. Most of those jobs never existed and were never intended to be created. Companies were using sites like Indeed to data mine.

**** off, shut up, and sit down. What a stupid ass thing to say.

 

[Kilroy2]

The numbers are not 'phony'. But you are phony.

The numbers are always revised, because they are introductory and not complete.

Yet I posted a source which backs up my position,

You do not as your just a denier. Insults just shows how insecure you are. Yet its not my problem as whatever insecurity problems you have is your problem.

 

[John Edgar Slow Horses]

Yet I posted a source which backs up my position,

You do not as your just a denier. Insults just shows how insecure you are. Yet its not my problem as whatever insecurity problems you have is your problem.

No, that does not support you.

The numbers are always revised, as you well know.

So Trump fires the truth teller.

 

[Kilroy2]

No, that does not support you.

The numbers are always revised, as you well know.

So Trump fires the truth teller.

You already lost as Trump is no truth teller

https://discover.hubpages.com/politics/7-big-lies-trump-supporters-still-believeand-why-it-matters

The neuroscience behind why people keep believing Trump’s most egregious lies

Donald Trump’s genius for lying approaches pathological. Witness his latest deceit—when he was finally compelled to correct his most infamous mega-fib, that president Barack Obama was born outside the US (and therefore can’t legally be president). What really happened was that Trump replaced the...

qz.com

Why does Donald Trump tell such blatant lies?

Politicians sometimes lie because it confuses others and gives them pleasure.

theconversation.com

This is just the tip of the iceberg

Hey, As long as you belief what he tells you then sleep tight

An inconvient truth is what Trump is all about.

 

[Kilroy2]

The numbers are not 'phony'. But you are phony.

The numbers are always revised, because they are introductory and not complete.

Wow did you figure that all by yourself that number change over time.

Still it is an indicator and if you cannot understand what it indicates then that explains it all.