BLS Jobs Report Was BS
Finagling jobs numbers is standard operating procedure for California
By Katy Grimes, August 22, 2024 8:11 am
The U.S. Bureau of Labor Statistics announced Wednesday that it will revise down its jobs report for the April 2023-March 2024 period by nearly one million – 818,000 to be accurate – the second worst revision in U.S. history. That they are so openly and so dramatically changing the number is telling – it is politics, or is this just gross incompetence? Is it something more nefarious?
This means that all job increases recorded in the past year will have been fake news, and the U.S. job market is in much worse shape than the Biden administration will admit.
To miss by 30% is stunning. The Biden administration claimed 2.9 million jobs, but the number was actually 2 million.
“The largest downward revision was in professional and business services, with estimated payrolls lowered by 358,000, followed by a 150,000 downgrade in leisure and hospitality and 115,000 in manufacturing.,” USA Today reported.
This is how CNN described the jobs report: “New data shows US job growth has been far weaker than initially reported.”
Far weaker? By 818,000 jobs?
Since Biden took office, this continues to happen. In 2022, “Payroll jobs in the nation remained essentially flat from March through June 2022 after adjusting for Quarterly Census of Employment and Wages data, the Philadelphia Fed reported:
• Less than the 3.0 percent growth
indicated by the sum of the states
• Less than the 2.8 percent growth
indicated by the U.S. CES estimates
Bottom line from the Philadelphia Fed: 10,500 net new jobs were added during the period rather than the 1,121,500 jobs claimed by the Biden Administration and states. The Federal Reserve Bank of Philadelphia began publishing state-level “early revisions” based on the same underlying data but revised more frequently than the BLS, which updates only annually.
This is also standard operating procedure for California. “California already did it,” Zero Hedge reported in June. In an article titled, “California Reveals All Job Gains In 2023 Were Fake,” “the latest report published by the non-partisan California Legislative Analyst’s Office, contrary to prior reports of over substantial job gains in the deep blue state in 2023, the reality was far uglier.”
“The Early Revisions to state-level data flagged here previously, suggests that California actually lost jobs during the fourth quarter of last year. As the report details, ‘based on the most recent release of the early benchmarks, payroll jobs declined by 32,000 from September 2023 through December 2023. On the contrary, the preliminary monthly reports showed a solid increase in job growth (+117,000 jobs) at the time.‘” (emphasis Zero Hedge)
Even the Legislative Analyst’s Office said it aloud: “Newest Early Jobs Revision Shows No Net Job Growth During 2023” is the title of their report.
This was standard operating procedure when Jerry Brown was governor. In 2015 I reported: “politicians are focused on increasing the minimum wage for low-paying jobs. That’s like offering an aspirin to treat the headache caused by a brain tumor.” That sounds just like Gov. Gavin Newsom. And Brown was also notorious for reporting rosy jobs numbers to the BLS, and then revising them down the next quarter.
So, the U.S. Bureau of Labor Statistics on Wednesday revised down its estimate of total employment in March 2024 by a whopping 818,000, the largest such downgrade since Barack Obama was in the White House – “with just the 824K downward revision in 2009 just (barely) greater,” Zero Hedge reports.
See a trend? Democrat administrations manipulate data
Bidenomics has been a complete disaster for the U.S. and the effects will be felt for a long time – and the media will continue to run cover and downplay the disaster.
Read more at Zero Hedge – they have excellent analysis and details on this BLS reporting and revision.
- California’s Gas Supply Restrictions Lead Gavin Newsom to World Stage - October 14, 2024
- The Gaslighting Governor: Gavin Newsom Shamelessly Claims California is an ‘Economic Powerhouse’ - October 12, 2024
- California’s ‘Pathways’ From Juvenile Incarceration to College Campuses - October 11, 2024
The only time we get even SEMI-truth and accuracy from the Dem Marxists is when they are forced to clean up their act for fear of being found out. Apply these book-cooking numbers to EVERYTHING else we’ve unfortunately seen in California too of course. Covid numbers for death and illness, poll numbers for candidates, and the rest of it. And of course as Katy Grimes referenced, here in CA we were already very well familiar with the lying liars and THEIR fake job numbers. We’re used to it!
GET THIS: I just heard in passing that the “new businesses” Biden Admin numbers were also phony, because they folded in FAKE “new businesses” that had been created for fraudulent purposes. You know, to be able to illegally receive Covid recovery money. (!!!)
Please let us know if the Deputy Director of Rapid Response sends you a missive in regard to this excellent article. He (I hope that I am using the correct pronoun) seems to be a repository of incorrect facts and figures that have been used in an attempt to confuse Californias. Things must be heating up in his cubicle.
So basically everything reported by State and Federal government is complete and utter bovine excrement….
Also, according to this tracking site, over 1, 000 fast food restaurants in the state have closed since April 1st. Might want to pass that along to Gov. Hairdo’s he/him. https://gosnappy.io/blog/fastfood-closures-california/
Democrat administrations have to manipulate data and blatantly lie because their Marxist policies have proven to be failures? Meanwhile their RINO cronies allow let them get away with it?
……TJ, in addition to all of that, these people are simply incompetent…..just like Harris: https://www.zerohedge.com/markets/staggering-incompetence-bidens-commerce-secretary-not-familiar-bureau-labor
I am looking forward to a debate where Kamala will have to be able to think fast on her feet without the use of a teleprompter. we have seen in the past that these have not been pretty. I’m not sure about the ABC debate they might try to pull some type of fast one.
California has led the way for the deindustrialization of California and America.
The time has come for Americans and Californians to come to the realization America has transitioned to fascist dictatorship devoid of individual rights
What we had and lust for the return of is gone forever.