Philadelphia Federal Reserve revises Biden's 2022 job numbers down from 1.1 million to only 10k

[JGalt]

How the hell can they get away with inflating employment data before an election, then revising it downward?

This is pure criminality.

"In the aggregate, 10,500 net new jobs were added during the period rather than the 1,121,500 jobs estimated by the sum of the
states; the U.S. CES estimated net growth of 1,047,000 jobs for the period.

Payroll jobs in the nation remained essentially flat from March through June 2022 after adjusting for QCEW data"

https://www.philadelphiafed.org/-/m...-revisions/early-benchmark-2022-q2-report.pdf

 

[Natural Citizen]

How the hell can they get away with inflating employment data before an election, then revising it downward?

Because screw you. That's why. Duh. What are you gonna do about it?

 

[Penelope]

How the hell can they get away with inflating employment data before an election, then revising it downward?

This is pure criminality.

"In the aggregate, 10,500 net new jobs were added during the period rather than the 1,121,500 jobs estimated by the sum of the
states; the U.S. CES estimated net growth of 1,047,000 jobs for the period.

Payroll jobs in the nation remained essentially flat from March through June 2022 after adjusting for QCEW data"

https://www.philadelphiafed.org/-/m...-revisions/early-benchmark-2022-q2-report.pdf

He means since he took office.
Employment — The U.S. economy added 10,001,000 jobs between Biden’s inauguration and September, the latest month for which data are available from the Bureau of Labor Statistics. As of September, 514,000 more people had jobs than in February 2020, the peak of employment before COVID-19 forced massive shutdowns and layoffs.

One major category of jobs is still lagging, however. Government employment is still 597,000 jobs short of the pre-pandemic peak — including 309,000 public school teachers and other local education workers.

Biden's Numbers, October 2022 Update - FactCheck.org

Various measures of what has happened in the country since the president's inauguration.

www.factcheck.org

 

[CrusaderFrank]

How the hell can they get away with inflating employment data before an election, then revising it downward?

This is pure criminality.

"In the aggregate, 10,500 net new jobs were added during the period rather than the 1,121,500 jobs estimated by the sum of the
states; the U.S. CES estimated net growth of 1,047,000 jobs for the period.

Payroll jobs in the nation remained essentially flat from March through June 2022 after adjusting for QCEW data"

https://www.philadelphiafed.org/-/m...-revisions/early-benchmark-2022-q2-report.pdf

Because End the Fed

 

[JGalt]

He means since he took office.
Employment — The U.S. economy added 10,001,000 jobs between Biden’s inauguration and September, the latest month for which data are available from the Bureau of Labor Statistics. As of September, 514,000 more people had jobs than in February 2020, the peak of employment before COVID-19 forced massive shutdowns and layoffs.

One major category of jobs is still lagging, however. Government employment is still 597,000 jobs short of the pre-pandemic peak — including 309,000 public school teachers and other local education workers.

Biden's Numbers, October 2022 Update - FactCheck.org

Various measures of what has happened in the country since the president's inauguration.

www.factcheck.org

How many other times have they covered Biden's ass for him?

 

[CrusaderFrank]

He means since he took office.
Employment — The U.S. economy added 10,001,000 jobs between Biden’s inauguration and September, the latest month for which data are available from the Bureau of Labor Statistics. As of September, 514,000 more people had jobs than in February 2020, the peak of employment before COVID-19 forced massive shutdowns and layoffs.

One major category of jobs is still lagging, however. Government employment is still 597,000 jobs short of the pre-pandemic peak — including 309,000 public school teachers and other local education workers.

Biden's Numbers, October 2022 Update - FactCheck.org

Various measures of what has happened in the country since the president's inauguration.

www.factcheck.org

You reflexively defend the Reich, but the article in the OP refers to the year 2022 only

 

[1srelluc]

Is anyone surprised?

 

[JoeB131]

Is anyone surprised?

That we have fake news? Nobody is surprised.

We've posted job gains every month this year.

The biggest problem right now is that we don't have enough warm bodies to fill the jobs that are open. You talk to any Human Resource person, they will complain to you about unfilled positions and low quality candidates for the jobs they are able to fill.

 

[Harpy Eagle]

How the hell can they get away with inflating employment data before an election, then revising it downward?

This is pure criminality.

"In the aggregate, 10,500 net new jobs were added during the period rather than the 1,121,500 jobs estimated by the sum of the
states; the U.S. CES estimated net growth of 1,047,000 jobs for the period.

This is not revising it downwards, the BLS number are unchanged. This is a different way to look at the data.

In 2021 they determined that the jobs were undercounted for the year.

Error - 404

www.philadelphiafed.org

 

[CrusaderFrank]

That we have fake news? Nobody is surprised.

We've posted job gains every month this year.

The biggest problem right now is that we don't have enough warm bodies to fill the jobs that are open. You talk to any Human Resource person, they will complain to you about unfilled positions and low quality candidates for the jobs they are able to fill.

Maybe next time read the OP before responding to it, hmmmmmkay?

 

[CrusaderFrank]

This is not revising it downwards, the BLS number are unchanged. This is a different way to look at the data.

In 2021 they determined that the jobs were undercounted for the year.

Error - 404

www.philadelphiafed.org

View attachment 739118

 

[1srelluc]

Yeah but at last the the dems have a moral line in the sand when it comes to elections. Those are perfectly fair and accurate. No sir, they would never do anything to cheat a democrat into office.

 

[JGalt]

 

[Harpy Eagle]

It was not faked and it has not changed. The BLS numbers are done the same way they have been for decades, the same way they were done under the previous Admin

 

[JoeB131]

Maybe next time read the OP before responding to it, hmmmmmkay?

I did. It was fake news.

 

[CrusaderFrank]

I did. It was fake news.

Reich Uber Alles!

 

[toobfreak]

How the hell can they get away with inflating employment data before an election, then revising it downward? This is pure criminality.

Hey, they were only off by 11,000%! What do you expect from criminals???!

Not that it would have changed one election outcome. If people really were stupid enough to vote for more democrats even now, they will vote for them if hell froze over.

And it just might. Right or wrong, these idiots just want their DEMOCRATS in power until it is too late to realize their mistake.

 

[toobfreak]

Kinda reassuring really that our data is fake too.

Fits right in with our:

• Fake elections
• Fake pandemics
• Fake recovery
• Fake media coverage
• Fake candidates
• Fake women
• Fake investigations
• and Fake war.